Advance Tax Computation in Jaipur
If your tax for the year, after TDS, is expected to be ₹10,000 or more, the law requires you to pay it in instalments during the year. We estimate your income each quarter and tell you exactly how much to pay.
Instalment dates
| Due date | Cumulative amount payable |
|---|---|
| 15 June | 15% of the tax for the year |
| 15 September | 45% |
| 15 December | 75% |
| 15 March | 100% |
Taxpayers using presumptive taxation for business or profession may pay the whole amount by 15 March. Resident senior citizens without business or professional income are not required to pay advance tax.
Our process
- Estimating income from all sources, including capital gains and business income to date.
- Adjusting for TDS and TCS already deducted.
- Computing the instalment and sharing the challan details.
- Revisiting the estimate before each due date.
Shortfall
Interest is charged for deferment of instalments and for paying less than the required amount. Capital gains or other income that arises during the year can be covered in the instalments that follow. Read our advance tax article and watch the advance tax video.
Frequently asked questions
Does a salaried person need to pay advance tax?
Only if tax on other income (interest, rent, capital gains) is not covered by TDS and is ₹10,000 or more for the year.
What if I have a one-time capital gain?
Pay tax on it in the next instalment after the gain arises to avoid interest for that period.
Do you remind clients?
Yes. Our clients get reminders before each due date.
This page gives general information about Agar & Co. and its services. It is not an advertisement or solicitation, and it should not be treated as professional advice. Rates, thresholds and due dates change from time to time.