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FY 2026-27 — 4 Instalment Schedule
with Interest Estimator
Calculate your advance tax liability and exact instalment amounts for FY 2026-27. Covers both New Tax Regime and Old Tax Regime, presumptive taxation option, capital gains, TDS credit, and interest under Sections 234B/234C (now Sections 424/425). Free, instant, CA-verified.
Advance Tax Calculator — FY 2026-27 (Tax Year 2026-27)
Enter your estimated annual income, deductions, TDS and capital gains. The calculator instantly computes your total tax liability, net advance tax after TDS credit, and the exact amount due in each of the 4 instalments.
Advance Tax — 4-Instalment Calculator (FY 2026-27)
Section 404 / 207 / 208 · Due dates: 15 Jun · 15 Sep · 15 Dec · 15 Mar
📌 Need CA help with advance tax payment, interest calculation, or ITR filing? TAXAJ CA team handles it all.
Book Free CA Consultation →⚠️ Indicative estimate. Marginal relief, surcharge, and exact deduction eligibility may affect final liability. Consult a CA for final computation. Advance tax paid by 31 March is also treated as advance tax (no penalty, but 234C interest may apply for prior instalments).
Interest on Late / Short Advance Tax — Sections 234B & 234C Calculator
Section 234C (Sec 425 of ITA 2025): 1% per month interest if any instalment is short-paid. Section 234B (Sec 424 of ITA 2025): 1% per month on shortfall if less than 90% of total tax paid by 31 March. Enter amounts below to estimate interest.
Who Must Pay Advance Tax? — FY 2026-27
Advance tax applies under Section 404 (old Section 208) of the Income Tax Act 2025 when estimated tax liability exceeds ₹10,000 after deducting expected TDS/TCS for the year. This applies to:
Salaried + Other Income
Salaried employees are generally covered by employer TDS (Form 16). However, if they have additional income — FD interest, rental income, capital gains (shares/property), or freelance income — and the additional tax exceeds ₹10,000, they must pay advance tax. Declare all income sources to employer to avoid shortfall.
Freelancers / Consultants
Self-employed professionals, consultants, and freelancers whose clients don't deduct full TDS must estimate annual income and pay advance tax in 4 instalments. Consultants under presumptive scheme (44ADA) can pay 100% by 15 March 2027 in one go instead of 4 instalments.
Business Owners / Companies
All businesses, startups, partnership firms, LLPs, and domestic/foreign companies must pay advance tax in 4 instalments. Small businesses under presumptive scheme (44AD) can pay 100% by 15 March 2027. Companies registered with TAXAJ get advance tax computation as part of compliance.
Investors — Capital Gains
Investors with capital gains (equity, MF, property) must include STCG (20%) and LTCG (12.5%) in advance tax. Capital gains arising after a due date don't attract 234C interest for prior instalments — include them in the next instalment. Book gains strategically across Q3 and Q4.
Landlords — Rental Income
Individuals with rental income must pay advance tax if tax after TDS exceeds ₹10,000. House property income is computed after 30% standard deduction (old regime) or actual interest on home loan. Rental income above threshold also attracts TDS (194I) — claim credit against advance tax.
Senior Citizens — Exemption
Resident senior citizens (60+) who do NOT have income from business or profession are fully exempt from advance tax under Section 405 (old Section 207). They pay all tax as self-assessment tax when filing ITR. However, if a senior citizen has business income — even part-time — they must pay advance tax like everyone else.
Advance Tax in India FY 2026-27 — Complete Guide
Advance tax — also called the "pay-as-you-earn" tax — is income tax paid in instalments during the financial year itself, rather than as a lump sum when filing the ITR. It is mandatory under Section 404 of the Income Tax Act 2025 (formerly Section 208 of ITA 1961) when estimated tax liability for the year exceeds ₹10,000 after deducting expected TDS and TCS. For FY 2026-27 (Tax Year 2026-27), advance tax is payable in four cumulative instalments: 15% by 15 June 2026, 45% by 15 September 2026, 75% by 15 December 2026, and 100% by 15 March 2027. These percentages are cumulative totals, not additional payments — so the September instalment is 30% more (45% total − 15% already paid).
The penalty for missing or underpaying advance tax is significant: Section 234C interest (Section 425 of ITA 2025) at 1% per month on the shortfall in each instalment, plus Section 234B interest (Section 424 of ITA 2025) at 1% per month if less than 90% of total tax is paid by 31 March. For capital gains arising after a specific instalment date — for example, a property sale in October missing the June and September deadlines — interest under 234C does not apply for those prior instalments on the capital gains portion. Key exceptions: resident senior citizens (60+) without business income are fully exempt from advance tax. Taxpayers under presumptive taxation (Section 44AD/44ADA) can pay 100% in one shot by 15 March. TAXAJ's CA team computes exact advance tax liability, advises on instalment timing, and files ITR with correct advance tax credit reconciliation.
Advance Tax — Most Asked Questions
Income Tax Filing & Advance Tax Services at TAXAJ
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