Due Dates for Advance Tax for Individuals – Men, Women, Partnership Firms (other than a Company)

Individual's Advance Tax Calculator

Financial Year 2014-15

Asst Year 2015-16

Taxable Income

Age

Do you have income from business or profession

Tax at Normal Rate

(-) Rebate u/s 87A

(+) Surcharge

(+) Education Cess @ 3%

(-) Marginal Relief

NET TAX LIABILITY

ADVANCE TAX DUE DATES

First Instalment - 15th September 2014

Second Instalment - 15th December 2014

Third Instalment - 15th March 2015

 

(Calculator optimized for desktop and may not work while accessing through mobile browsers)

(Read also: Here is how you can pay your Advance Tax online)

Due Date Schedule

Due Date of Installments on or before

Amount Payable

 

1. 15th September Not less than 30% of such Advance Tax
2. 15th December Not less than 60% of Such Advance tax Less: Advance tax paid in the First Installment prior to this installment(s)
3. 15th March Not less than 100% of Such Advance tax Less: Advance tax paid (if any) in the First & Second Installment(s) prior to this installment.

Note:

1. Advance Tax mentioned above includes TDS deducted by the other parties/employer against payments/salary made/paid to you.

2. Senior Citizens who are not in receipt of any income from business or profession are exempted from paying advance tax .

Dilip Kumar

+Dilip Kumar (Author and Editor of The Tax Info) is a CA Student from Hyderabad, Loves Blogging on Tax related matter.

You can Subscribe for his updates on Facebook & Google+

 

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