Senthamaraikannanclub Advance Tax calulator Financial year 2008-09 india by senthamarai kannan

Advance Tax Calculator for Individual Tax Payers

Calculate Advance Tax Payable :
By Individual Male, Female, Senior Citizen, HUF, AOP, BOI & AJP Tax payers.
The Calculator takes into account Marginal tax Relief payable on Surcharge on incomes exceeding Rs. 10 lacs.

Select Advance Tax Date Select Your Status Important: Please RESET the Calculator after every calculation.
Estimated Income from Salary & Allowances / Pension / Profession for Assessment year 2009-10
Estimated Income from House Property
Estimated Income from Capital Gains (Short Term + Long Term)
Estimated Income from Other Sources viz. interest income
Estimated Investments under Sec. 80C, 80CCC & 80CCD (Max. Rs. 1 lakh)
Estimated Investments under Sec. 80D for Health Insurance (Max. Rs. 20,000/- for Senior Citizens & Rs. 15,000/- for others)
Estimated Investments under Sec. 80D for Health Insurance of parents (Max. Rs. 20,000/- if parents are Senior Citizen, otherwise Rs. 15,000/-)
Estimated Amount of any other eligible deduction from income
Estimated Income at Special Rate, if any (Not to be included in Normal Rate Income stated above)
Estimated Income Tax at Special Rate
Advance Tax already paid

Total Taxable Income (at normal rates)
Income Tax at Normal Rates
Total Income Tax
Surcharge
Education Cess
Total Tax liability (Normal Rate + Special Rate)
Income Net of Income Tax Liability

Total Advance Tax Payable upto 15th September (30% of Total Tax Liability)
Balance Advance Tax Payable by 15th September (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th Deccember (60% of Total Tax Liability)
Balance Advance Tax Payable by 15th December (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th March (100% of Total Tax Liability)
Balance Advance Tax Payable by 15th March (Advance Tax Payable - Advance Tax Already Paid)