About this tool
Plan quarterly advance tax instalments and due dates on freelance and professional income.
Freelancer Advance Tax Planner turns a year of consulting or professional income into the four advance tax instalments the Income Tax Act actually asks for. It computes slab tax under the new or old regime, applies the Section 87A rebate, surcharge with marginal relief and 4% cess, subtracts the TDS your clients deducted under Section 194J, and then spreads the balance across the 15 June, 15 September, 15 December and 15 March due dates. Built for freelancers, consultants, doctors, designers and other professionals with no employer withholding their tax for them.
Open Freelancer Advance Tax Planner on AltFTool — it loads instantly in your browser.
Pick New regime or Old regime, then fill in Gross professional receipts, Business expenses, Chapter VI-A deductions and TDS deducted by clients in rupees.
The planner applies the slab rates, the Section 87A rebate, surcharge with marginal relief and 4% cess, then subtracts your TDS to get the advance tax for the year.
Read the Instalment schedule table — due date, cumulative 15/45/75/100%, Pay now amount and Upcoming or Past due date status — then press Copy result.
Advance tax is computed on the liability net of TDS, which is what Section 208 actually tests.
Compare the new regime's wider slabs against the old regime with your Chapter VI-A deductions.
Each instalment is dated and flagged once its due date has passed, so nothing slips into 234C interest quietly.
Anyone whose tax liability for the year, after subtracting TDS and TCS, is ₹10,000 or more. Resident senior citizens aged 60 or above with no business or professional income are exempt.
15% by 15 June, 45% cumulative by 15 September, 75% by 15 December and 100% by 15 March. Taxpayers who opt for presumptive taxation under 44AD or 44ADA pay the whole amount by 15 March.
Section 234C charges 1% simple interest per month on the shortfall for three months (one month for the March instalment), and Section 234B adds 1% a month from April if you have paid less than 90% of the assessed tax.
Often yes. Section 194J withholding is 10% of your gross fees, but your effective tax rate on net profit can be higher once income crosses the upper slabs, so the gap has to be paid as advance tax.
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