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Advance tax calculator for FY 2026‑27

For freelancers, consultants and anyone with income beyond salary: see how much advance tax you owe and how much to pay by each due date.

Tax regime
Your age
Business / freelance income
₹

24 lakh · Doctors, designers, developers, consultants — receipts up to ₹75 lakh

₹
₹

50 thousand

₹

Advance tax for FY 2026-27

₹52,000

total to pay across the instalments below

Business income taxed
₹12,00,000
Taxable income
₹12,50,000
Income tax
₹50,000
Health & education cess (4%)
₹2,000
Total tax for the year
₹52,000
Less TDS / TCS
− ₹0
  1. 15 Mar 2027full amount₹52,000

Presumptive taxpayers may pay the whole advance tax in one go by 15 March. Capital gains are not included.

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How this calculator works

It adds up salary, business or professional income and other income such as interest and rent, applies the FY 2026-27 slabs for the regime you choose, then adds surcharge and 4% cess. TDS already deducted is subtracted. If ₹10,000 or more is still due, it splits the amount across the four instalment dates.

New regime slabs for FY 2026-27

Up to ₹4 lakh: nil. ₹4–8 lakh: 5%. ₹8–12 lakh: 10%. ₹12–16 lakh: 15%. ₹16–20 lakh: 20%. ₹20–24 lakh: 25%. Above ₹24 lakh: 30%. A rebate makes tax nil up to ₹12 lakh of taxable income, with marginal relief just above it. Budget 2026 kept these rates unchanged.

What it does not cover

Capital gains on shares, funds or property are taxed at special rates and are left out, as are agricultural income and losses carried forward. If you have these, treat the result as a starting point and check with a chartered accountant.

Questions

Who has to pay advance tax?

Anyone whose tax for the year, after TDS and TCS, is ₹10,000 or more — freelancers, consultants, doctors, traders, landlords and salaried people with large interest or rental income. Resident senior citizens (60+) with no business or professional income are exempt.

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

Pay at least 15% by 15 June 2026, 45% by 15 September 2026, 75% by 15 December 2026 and 100% by 15 March 2027. If you use presumptive taxation (section 44AD or 44ADA), you can pay the full amount by 15 March 2027.

What happens if I miss an advance tax instalment?

Interest of 1% a month is charged on the shortfall for each instalment (section 234C), and 1% a month from April on any balance if you paid less than 90% of your tax by 31 March (section 234B). Paying late is still better than not paying.

How much tax does a freelancer pay under presumptive taxation?

Under section 44ADA, professionals with receipts up to ₹75 lakh (mostly digital) can declare 50% of receipts as profit and skip detailed books. For example, ₹24 lakh of receipts is taxed as ₹12 lakh of income.

Is income up to ₹12 lakh tax-free in the new regime?

Yes for FY 2026-27: a rebate makes tax nil when taxable income is up to ₹12 lakh (₹12.75 lakh for salaried people after the ₹75,000 standard deduction). Special-rate income like capital gains does not get this rebate.

How do I pay advance tax?

Use the e-Pay Tax option on the Income Tax e-filing portal, choose challan ITNS 280 with "Advance Tax (100)", and pay by net banking, UPI or card. Keep the challan number for your return.

Estimates for planning only — not tax, legal or investment advice. Rates and rules change; confirm with your bank, fund house or a chartered accountant before acting.