Advance Tax Calculator India — Quarterly Instalments FY 2026-27

Last updated: 29 April 2026 Reviewed by Arjun Mehta, CA

**Advance tax** is income tax paid in quarterly instalments during the financial year, rather than as a lump sum at year-end. If your total tax liability exceeds ₹10,000, you must pay advance tax in 4 instalments: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15.

Total Annual Income (₹) Gross income for FY 2026-27

TDS Already Deducted (₹) TDS deducted by employer/bank

Annual Tax Liability —

Q1 Instalment (by 15 Jun) — 15% —

Q2 Instalment (by 15 Sep) — 30% —

Q3 Instalment (by 15 Dec) — 30% —

Q4 Instalment (by 15 Mar) — 25% —

Balance Due After TDS —

View Year-by-Year Breakdown

Real-World Examples — 2026

Freelancer with ₹15 lakh annual income

A freelancer earning ₹15 lakh in FY 2026-27 with no TDS has a tax liability of approximately ₹1.95 lakh under the new regime. Q1 payment (15 June) is ₹29,250; Q2 (15 Sep) ₹58,500; Q3 (15 Dec) ₹58,500; Q4 (15 Mar) ₹48,750.

Salaried employee with rental income

A salaried employee whose employer deducts ₹80,000 TDS but earns ₹60,000 additional rental income may owe advance tax. Net tax after TDS is calculated, and 4 instalments are due if liability exceeds ₹10,000.

Frequently Asked Questions

Who must pay advance tax in India?

Anyone with total tax liability above ₹10,000 after TDS must pay advance tax. This includes self-employed individuals, freelancers, traders, professionals, and salaried employees with significant non-salary income (rental, capital gains, interest).

What are the advance tax due dates for FY 2026-27?

Q1: 15 June 2026 (15% of liability), Q2: 15 September 2026 (30%), Q3: 15 December 2026 (30%), Q4: 15 March 2027 (25%). Senior citizens with no business income are exempt.

What interest applies for missing advance tax deadlines?

Missing advance tax instalments attracts interest under Section 234B (1% per month on unpaid tax) and Section 234C (1% per month on instalment shortfall). This interest is calculated at the time of filing your ITR.

Is the Advance Tax Calculator free?

Yes, the Advance Tax Calculator on CalcPhi is completely free with no registration required.

Are my inputs stored?

No. All calculations run in your browser. We do not store any financial data.

Can I use the Advance Tax Calculator on mobile?

Yes. CalcPhi is fully mobile-optimised and works on all modern smartphones.