Advance Tax Computation.
Advance tax is income tax paid during the year as income is earned, in instalments due by mid-June, mid-September, mid-December and mid-March. We estimate your income and tax before each instalment, account for TDS and TCS, and tell you what to pay, so you avoid interest for shortfalls under sections 424 and 425 of the Income-tax Act, 2025 (sections 234B and 234C of the 1961 Act).
Typically three to five working days before each instalment date, once books or statements up to the latest month are available. Accuracy depends on how current your accounts and forecasts are.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies and LLPs with taxable profits
- Professionals and business owners whose tax is not fully covered by TDS
- Individuals with large capital gains, rental or interest income
- Presumptive taxpayers, who pay in a single instalment by mid-March
What you receive at the end.
- 01Advance tax computation before each instalment
- 02Instalment schedule and payment reminders
- 03Reconciliation of challans with your tax credit records
- 04Year-end computation of any self-assessment tax
Advance Tax Computation, step by step.
Typically three to five working days before each instalment date, once books or statements up to the latest month are available. Accuracy depends on how current your accounts and forecasts are.
- 1
Income estimate
We estimate income for the tax year from your books or statements to date and expected results for the rest of the year.
- 2
Tax computation
We compute tax under the applicable regime, including surcharge and cess, and deduct TDS and TCS credits shown in your AIS and ledgers.
- 3
Instalment calculation
We work out the cumulative amount due by each instalment date and the balance payable now.
- 4
Payment support
We prepare the payment details for e-Pay Tax on the income tax portal and check that payments reflect against your PAN.
- 5
Quarterly update
Before each instalment we update the estimate for actual results and one-off events such as asset sales.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Books of account or MIS up to the latest month
- Forecast for the rest of the year
- AIS and TDS and TCS details
- Details of capital gains, dividends and other one-off income
- Previous year's return and tax computation
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Advance Tax Computation.
Ready to discuss Advance Tax Computation?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.