Advance Tax Calculator FY 2026-27 (AY 2027-28) 2026
Calculate your quarterly advance tax installments (15%, 45%, 75%, 100%) and estimate Section 234B & 234C penal interest for FY 2026-27.
Taxpayer Category & Income Details
Advance Tax Paid So Far
Advance Tax Optimization Insight
You have accrued ₹6,065 in penal interest under Sections 234B & 234C due to delayed/underpaid installments. Paying before March 15 stops further interest.
Quarterly Installment Schedule & Due Dates
| Quarter | Due Date | Cumulative Target | Paid Amount | Shortfall | Sec 234C Interest |
|---|---|---|---|---|---|
| 1st Installment (15%) (15%) | June 15, 2026 | ₹10,050 | ₹0 | ₹10,050 | ₹302 |
| 2nd Installment (45%) (45%) | September 15, 2026 | ₹30,150 | ₹0 | ₹30,150 | ₹905 |
| 3rd Installment (75%) (75%) | December 15, 2026 | ₹50,250 | ₹0 | ₹50,250 | ₹1,508 |
| 4th Installment (100%) (100%) | March 15, 2027 | ₹67,000 | ₹0 | ₹67,000 | ₹670 |
Installment Cumulative Target vs Paid Trajectory
Advance Tax Rules, Safe Harbour & Penalties
1. Section 234C Safe Harbour Limits
If an individual taxpayer pays at least 12% in Q1 (instead of 15%) and 36% in Q2 (instead of 45%), no 234C penal interest is levied due to the statutory safe-harbour buffer.
2. Section 234B 90% Minimum Rule
If total advance tax paid before March 31 falls below 90% of assessed tax, Section 234B levies 1% per month on the entire balance starting from April 1 until the ITR filing date.
Frequently Asked Questions — Advance Tax FY 2026-27
Advance tax instalments, with your numbers
Advance tax is due only if the liability after TDS is ₹10,000 or more. The percentages are cumulative, so the September instalment tops the total paid up to 45%, not another 45%. Missing a due date attracts 1% a month under section 234C, and falling short across the year attracts 234B as well.
Advance Tax Rules & Compliance FAQs
Essential requirements for investors, freelancers, and business taxpayers.
Who is exempt from paying advance tax in India?
Senior citizens (aged 60 years or older) who do not have any income from business or profession are completely exempt from paying advance tax, regardless of their total interest or capital gains income.
Do salaried employees need to pay advance tax?
If your employer deducts sufficient TDS under Section 192 on your entire salary and you have minimal external income, you do not need to pay advance tax. However, if you earn substantial capital gains, rental income, or dividend income where TDS is insufficient, you must pay advance tax on that non-salary income.
How does advance tax work for presumptive taxation (Section 44AD / 44ADA)?
Taxpayers opting for presumptive taxation schemes under Section 44AD or 44ADA are granted a special exemption: they are not required to pay quarterly installments and can pay 100% of their advance tax in a single payment on or before March 15th.
What is the penalty rate under Section 234C for short payment of installments?
Section 234C charges simple interest at 1% per month for a period of 3 months for any shortfall in the quarterly installment amounts (or 1 month for the March installment).
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