Advance Tax Calculator FY 2026-27
Calculate your advance tax installments for FY 2026-27. Avoid interest under Section 234B/234C.
Quick Answer: Advance tax is required if your estimated tax liability exceeds ₹10,000 for FY 2026-27. Installments: 15% by 15 June, 45% by 15 Sep, 75% by 15 Dec, 100% by 15 March. Missing installments attracts interest under Section 234C (1% per month).
Frequently Asked Questions
Who must pay advance tax?
Any taxpayer with estimated tax liability above ₹10,000 for the year (after TDS deducted). Salaried employees usually have TDS deducted by employer — check if any other income (rent, freelance, capital gains) pushes liability above ₹10K.
What is the penalty for not paying advance tax?
Section 234B: 1% interest per month on the shortfall if you pay less than 90% of total tax by March 31. Section 234C: 1% per month on each installment shortfall.
Is advance tax applicable for senior citizens?
Resident senior citizens (60+) with no business income are exempt from advance tax. If they have business income, advance tax applies.
How do I pay advance tax?
Pay via Challan 280 on the income tax e-filing portal (incometax.gov.in → e-Pay Tax). Select "Advance Tax" and financial year 2026-27.
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