Compliance Suite

Advance Income Tax Calculator

Compare Old vs New Tax regimes, calculate estimated taxes, and view your compulsory Advance Tax quarterly payment schedule.

Taxable Income Setup

Taxpayer Type

Annual Estimated Gross Income₹12,00,000

₹

Investment Deductions (Section 80C, 80D, etc.)₹1,50,000

₹

* Applicable for Old Regime deductions only

TDS / TCS Already Deducted / Paid₹20,000

₹

Are you paying on time?

Failure to pay Advance Tax of at least 90% of total tax liability before March 15th attracts a 1% per month interest penalty under Sections 234B and 234C.

Old vs New Regime Tax Breakdown

New Tax Regime

Gross Tax

₹71,500

Net Advance Tax (After TDS)

₹51,500

Old Tax Regime

Gross Tax

₹1,17,000

Net Advance Tax (After TDS)

₹97,000

Advance Tax Liability Mandated:Since your net tax payable exceeds ₹10,000, you are legally required to deposit Advance Tax in quarterly installments. See payment schedule below.

Installment Due Dates (New Tax Regime)

Installment #1

Due Date: 15-Jun (15% cumulative)

₹7,725

Installment #2

Due Date: 15-Sep (45% cumulative)

₹15,450

Installment #3

Due Date: 15-Dec (75% cumulative)

₹15,450

Installment #4

Due Date: 15-Mar (100% cumulative)

₹12,875

Regime Disclaimer:Under Indian tax law, you can choose either the Old or New Regime for tax calculation. If you opt for the Old regime, your advance tax installment schedule applies based on the Old tax values.