Advance Tax Payment

In some cases, it is mandatory to pay the income tax in advance during the financial year as you earn or expect to earn. The advance tax was introduced with the aim of increasing the revenue inflows during the financial year instead of after the financial year.

2,499 3,499

All Inclusive

How do we help you paying advance tax

Paying advance tax is quick, easy, and can be done online with in 3 simple steps:


We help you calculate your income during the financial year


We calculate your advance tax liability


We help you make payment of advance tax

Advance Tax

If you have annual tax dues exceeding Rs 10,000, you must pay income tax in advance. Usually, for the salaried class, employers take care of these income tax payments via TDS deductions.

Situations when you have to pay advance tax:

i. You are salaried but have high income from interest or capital gains or rental income

ii. You are a freelancer

iii. You are running a business

How to Calculate and Pay Advance Tax?

Add income from all sources. Include salary income, interest income, capital gains etc., just like you do at the time of filing your income tax return. If you are a freelancer, estimate your annual income from all clients, and deduct expenses from it. Rent of your workplace, internet bills, mobile bills, depreciation on computers, travel expenses etc. are some expenses.

How to determine and allow deductions?

Reduce deductions you want to claim from your total income and arrive at your taxable income on your tax return. The deductions that come under Section 80C, 80D, 80E or any other you want to claim.

How to calculate the tax due on total income?

Apply the latest income tax slab rates on your taxable income to calculate your income tax due. Reduce any TDS that may have been deducted from your total tax due. And make sure you have paid according to these instalments. You can make these payments online.

Our CAs can calculate your advance tax liability and help you with paying it online. Seeing a large tax outgo? Don’t worry, our CAs can help calculate your freelancing income and make sure your taxes are optimized. 

Due Dates for Payment of Advance Tax

FY 2019-20 & FY 2018-19 for both individual and corporate taxpayers

Due Date
Advance Tax Payable
On or before 15th June
15% of advance tax
On or before 15th September
45% of advance tax less advance tax already paid
On or before 15th December
75% of advance tax less advance tax already paid
On or before 15th March
100% of advance tax less advance tax already paid


For taxpayers who have opted for Presumptive Taxation Scheme under section 44AD & 44ADA – Business Income

Due Date
Advance Tax Payable
 On or before 15th March
100% of advance tax

Our Tax Experts will calculate your advance tax liability so you can pay your dues on time.

Who should pay Advance Tax?

Salaried, freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all taxpayers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.

Presumptive income for Businesses–The taxpayers who have opted for presumptive taxation scheme under section 44AD have to pay the whole amount of their advance tax in one instalment on or before 15 March. They also have an option to pay all of their tax dues by 31 March.

Presumptive income for Professionals– Independent professionals such as doctors, lawyers, architects etc. come under the presumptive scheme under section 44ADA. They have to pay the whole of their advance tax liability in one instalment on or before 15 March. They can also pay the entire amount by 31 March.


Access To Experts

We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.

Realistic Expectations

By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.

150-Strong Team

With a team of over 150 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.