3/17/2018 Advance Tax Calculator

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(As amended by Finance Act, 2017) TAX INFORMATI

ON AND SERVI
CES
ADVANCE TAX CALCULATOR FOR FINANCIAL YEAR 2017-18

Click here to view relevant Act & Rule. TAX LAWS & RU
LES
Tax Payer Individual

INTERNATIONAL
TAXATION
Male / Female / Senior Citizen Male

Residential Status Resident

Income from Salary 7,40,427

Income From House Property Hide Details -1,147

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a. Interest Paid/Payable on Housing Loan for Current Financial Year

Interest Paid/Payable on Housing Loan

1. Interest on Housing Loan

Income from Self-occupied House Property 0

b. Income from Let-out Property

1. Annual Letable Value/Rent Received or Receivable

2. Less: Municipal Taxes Paid During the Year 1,147

3. Less:Unrealized Rent

4. Net Annual Value (1-(2+3)) -1,147

Less: Deductions from Net Annual Value

i. Standard Deduction @ 30% of Net Annual Value 0

ii. Interest on Housing Loan

Income from Let-out House Property -1,147

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Capital Gains Show Details

Income From Other Sources Show Details 84,662

Profits and Gains of Business or Profession (enter profit only)

Agricultural Income

Deductions Show Details 1,99,500

Net Taxable Income

Income Liable to Tax 6,24 37,388

at Normal Rate ---

Short Term Capital 0 0

Gains (Covered u/s
111A) 15%

Long Term Capital 0 0

Gains (Charged to
tax @ 20%) 20%

Long Term Capital 0 0

Gains (Charged to
tax @ 10%) 10%

Winnings from 0 0
Lottery, Crossword

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Puzzles, etc) 30%

Income Tax 37,388

Surcharge 0

Education Cess 748

Secondary and higher education cess 374

Total Tax Liability 38,510

Relief

TDS/TCS/MAT (AMT) Credit Utilized 8,461

Assessed Tax 30,049

Calculate Reset

Advance Tax liability

Descrip on Advance Tax liability

Advance tax payable upto June 15, 2017 (Cumula ve) 4,507.00
Advance tax payable upto September 15, 2017 (Cumula ve) 13,522.00
Advance tax payable upto December 15, 2017 (Cumula ve) 22,537.00
Advance tax payable upto March 15, 2018 (Cumula ve) 30,049.00
Advance tax payable upto March 31, 2018 (Cumula ve) 30,049.00
Advance Tax Installments
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3/17/2018 Advance Tax Calculator

Descrip on Installment
First installment payable for the period April 1, 2017 to June 15, 2017 4,507.00
Second installment payable for the period June 16, 2017 to September 15, 2017 9,015.00
Third installment payable for the period September 16, 2017 to December 15, 2017 9,015.00
Fourth installment payable for the period December 16, 2017 to March 15, 2018 7,512.00
Last installment payable for the period March 16, 2018 to March 31, 2018 0.00
Advisory: Information relates to the law prevailing in the year of publication/ as indicated . Viewers are advised to ascertain the correct
position/prevailing law before relying upon any document.

Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give
correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in
the relevant Acts, Rules etc.

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