F.Y. 2026-27 | IT Act 2025 | FA 2026
Advance Tax Calculator
Computes tax under both New & Old Regime simultaneously and recommends the better option — updated for IT Act 2025 / Finance Act 2026 with correct CG set-off rules.
Dual Regime Comparison
CG Set-off Rules Applied
Senior Citizen Sec 207
234B & 234C Interest
Presumptive Taxation
Enter Income Details
F.Y. 2026-27 (A.Y. 2027-28) — Tax computed under both regimes
Taxpayer Profile
Estimated Annual Income
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Negative = loss; capped ₹2L in Old Regime; ignored in New
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Capital Gains / (Losses)
Set-off Rules: STCG loss → set off against STCG & LTCG only. LTCG loss → set off against LTCG only. Neither can be set off against any other head of income. (Same rules in both regimes.)
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Sec 111A equity/MF @20%; negative = STCG loss
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Sec 112A; ₹1.25L exempt; negative = LTCG loss
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Deductions (Old Regime only)
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Max ₹1,50,000
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Max ₹2,00,000
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Max ₹50,000
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TDS / TCS Already Deducted
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Special Provisions
Presumptive Taxation (Sec 44AD/44ADA/44AE)
Single instalment on 15 March (Proviso to Sec 211)
Senior Citizen — No Business Income?
Sec 207 — resident seniors without business income exempt from advance tax
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Key Advance Tax Provisions (Sec 207–211 / IT Act 2025)
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Sec 208 / Sec 326 (IT Act 2025) — Minimum ThresholdAdvance tax payable only if net tax liability ≥ ₹10,000. Below this, no advance tax obligation arises.
Sec 207 / Sec 325 (IT Act 2025) — Senior Citizen ExemptionResident Individuals aged 60+ without business/profession income are fully exempt from advance tax.
Sec 211 Proviso / Sec 329 (IT Act 2025) — Presumptive TaxationTaxpayers u/s 44AD/44ADA/44AE may pay entire advance tax in one instalment on or before 15th March.
Sec 211 / Sec 329 — Instalment Schedule (Normal)15% by 15 Jun · 45% by 15 Sep · 75% by 15 Dec · 100% by 15 Mar. Same for all taxpayers post-2016.
Sec 234B / Sec 357 — Default Interest@1%/month on shortfall from 90% of assessed tax if advance tax paid < 90%. From 1 April of A.Y.
Sec 234C / Sec 358 — Deferment Interest@1%/month for 3 months on instalment shortfall; 1 month for last instalment. Not applicable if cumulative ≥ prescribed %.
Capital Gains Set-off Rules (Sec 70-74)STCG loss → can be set off against STCG or LTCG only. LTCG loss → can only be set off against LTCG. Neither CG loss can be set off against salary, business, HP, or other sources income. Balance CG losses can be carried forward for 8 years.
New Regime Slabs — Sec 202 IT Act 2025 / Finance Act 2026₹0–4L: Nil · ₹4–8L: 5% · ₹8–12L: 10% · ₹12–16L: 15% · ₹16–20L: 20% · ₹20–24L: 25% · Above ₹24L: 30%. Std. ded. ₹75K salary. Rebate Sec 157 (87A): ₹60,000 if income ≤ ₹12L → zero tax ≤ ₹12.75L (with std. ded.).
Fill in your income details and click Calculate & Compare to see advance tax under both regimes with a recommendation.