Freelancers, consultants, and self-employed professionals are the most common advance-tax payers. Income from clients is paid without TDS (or with under-deducted TDS), creating a year-end shortfall unless paid quarterly as advance tax. The calculator supports both regular books-of-accounts taxation AND presumptive taxation (Section 44ADA at 50% of gross receipts for eligible professionals).
When to use this
Use when: you're a freelance developer / designer / consultant / writer, you provide professional services and bill clients directly, you're a doctor / lawyer / CA / architect / engineer running independent practice, you're transitioning from salaried to freelance and need to start paying advance tax.
Frequently Asked Questions
Can I use Section 44ADA presumptive taxation?
If you're an eligible professional (doctor, lawyer, CA, architect, engineer, technical consultant) with gross receipts under ₹75 lakh, yes. 50% of receipts is deemed your income, no separate expense bookkeeping. The calculator computes advance tax on this deemed amount when you toggle 44ADA on.
Do I pay advance tax on advance payments I haven't received yet?
Advance tax is on income receivable in the year - the accrual basis if you're using regular books, or cash basis if you're using 44ADA presumptive. Practical advice: estimate your annual income each quarter and adjust as the year progresses; recalculate before each installment deadline.
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