Advance Tax Calculator India — FY 2025-26

Any taxpayer whose estimated tax liability for the year exceeds Rs 10,000 (after deducting TDS) must pay advance tax. This includes salaried employees with additional income (rent, interest, freelance), business owners, professionals, freelancers, traders, and investors with capital gains. Senior citizens (age 60+) who do not have business or profession income are exempt from advance tax.

Missing or underpaying an installment attracts simple interest at 1% per month under Section 234C. For each installment: 1% per month for 3 months on the shortfall amount. Additionally, if total advance tax paid is less than 90% of tax liability by 31 March, Section 234B interest applies at 1% per month from April 1 until the date of assessment or payment.

Under New Tax Regime FY 2025-26: Income up to Rs 3 lakh - nil; Rs 3-7 lakh - 5%; Rs 7-10 lakh - 10%; Rs 10-12 lakh - 15%; Rs 12-15 lakh - 20%; above Rs 15 lakh - 30%. Standard deduction of Rs 75,000 applies for salaried employees. The rebate under Section 87A (up to Rs 25,000 tax rebate for income up to Rs 7 lakh) reduces the tax to zero for many taxpayers.

Standard deduction for FY 2025-26: Rs 75,000 for salaried employees and pensioners under New Tax Regime (increased from Rs 50,000 in FY 2024-25 by Budget 2024). Under Old Tax Regime, standard deduction remains Rs 50,000. This deduction is automatically applied on the gross salary income before computing tax.

Yes. Advance tax can be paid online through the Income Tax e-filing portal (incometax.gov.in) using Challan 280. Select (0021) for individuals or (0020) for companies. Under Type of Payment, select Advance Tax (100). You can pay via net banking, debit card, NEFT/RTGS, or UPI. Keep the challan copy as proof of payment.