What happens if I sell property mid-year — when do I pay advance tax?

You pay advance tax from the instalment that falls after the date of sale. If you sold property in August, include that gain from the September instalment onwards. Earlier instalments do not need revision.

What happens if I sell property mid-year — when do I pay advance tax?

You pay advance tax from the instalment that falls after the date of sale. If you sold property in August, include that gain from the September instalment onwards. Earlier instalments do not need revision.

Advance Tax Calculator Tax Year 2026-27

Q: What is Tax Year 2026-27?

Under the Income Tax Act 2025, effective 1 April 2026, Tax Year replaces the earlier terms Previous Year and Assessment Year. Tax Year 2026-27 covers income earned between 1 April 2026 and 31 March 2027, earlier referred to as FY 2026-27 or AY 2027-28.

Q: Do I need to pay advance tax on capital gains?

Yes. If your total tax liability including capital gains exceeds Rs 10,000, advance tax applies. If the capital gain arises late in the year, you can pay the tax in the remaining instalment or by 31 March without interest under Section 425 of the Income Tax Act 2025.

Q: Can I revise my advance tax payment if my income changes?

Yes. Advance tax is based on estimated income. If your income changes, revise your remaining payments. There is no penalty for adjusting estimates — only for underpaying the cumulative percentages by each due date.

Q: What is the penalty for not paying advance tax on time?

Interest at 1% per month is charged on the shortfall for each instalment under Sections 424 and 425 of the Income Tax Act 2025.

Q: How do I add advance tax due dates to Google Calendar?

After calculating your instalment amounts, use the Add to Google Calendar button in the results. It creates a calendar event for each due date with the instalment amount in the event title.

Use this free Advance Tax Calculator for Tax Year 2026-27 to work out exactly how much tax to pay and when. If your total tax liability for the year is likely to cross ₹10,000 after TDS, you are required to pay in four instalments — and this calculator handles salary, business income, and capital gains from shares, mutual funds, and property, all separately.
Enter your estimated income figures above and get your complete instalment schedule in seconds.

Advance Tax Calculator FY 2026-27 | New Tax Regime

Enter estimated income for the full financial year. All figures are in Indian Rupees (₹). This calculator is for estimation purposes only — consult your CA for final computation.

₹

Estimated Annual Income

FY 2026-27

Salary ₹75,000 standard deduction auto-applied	₹
House Property Income Enter net figure (after 30% standard deduction)	₹
Income from Business or Profession Net profit after expenses	₹
Long Term Capital Gains @ 12.5% Sec 112A — equity/equity MF · ₹1.25L exemption auto-applied	₹
Long Term Capital Gains @ 20% Sec 112 — property, debt, other assets	₹
Short Term Capital Gains @ 20% Sec 111A — listed equity held < 12 months · No 87A rebate	₹
Other Short Term Capital Gains Added to normal income, taxed at slab rates	₹
Income from Other Sources FD interest, dividends, etc.	₹
Total Income	₹
Estimated TDS Deduction TDS by employer / bank / others during year	₹

Slab-wise Tax Computation (Normal Income)

New Regime Slabs

Enter income above to see slab-wise breakdown

Tax Computation Summary

Tax computation will appear once income is entered

Advance Tax Instalment Schedule

FY 2026-27

Instalment schedule will appear after tax computation

Net tax liability is below ₹10,000. Advance tax is not applicable.

📅 Use the Add to Google Calendar button to save all four due dates directly to your calendar. No more missed deadlines.

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How This Advance Tax Calculator Works

Most advance tax calculators treat all your income the same way. This one does not.
Capital gains are taxed at special rates not your regular income slab. If you club them together, you end up with the wrong instalment amounts. This calculator separates them properly:

Salary and business income – taxed at new regime slab rates
LTCG on shares and mutual funds – taxed at 12.5% (above ₹1.25 lakh exemption)
LTCG on property and other assets – taxed at 20% with indexation where applicable
STCG – taxed at your applicable slab rate

Enter each figure separately, and the calculator gives you the correct total tax liability and the right amount for each of the four instalments.

Advance Tax Instalment Schedule – Tax Year 2026-27

Instalment	Due Date	Cumulative % to Pay
1st	15th June 2026	15% of Total Tax
2nd	15th Sept 2026	45% of Total Tax
3rd	15th Dec 2026	75% of Total Tax
4th	15th Mar 2027	100% of Total Tax

Missed a date? Interest at 1% per month applies under Sections 424 and 425 of the Income Tax Act 2025 (earlier Sections 234B and 234C).
If you have opted for presumptive taxation under Section 44AD or 44ADA, you can pay 100% in a single instalment by 15 March 2027.

Who Needs to Pay Advance Tax?

You need to pay advance tax if your estimated tax liability for the year after deducting TDS is ₹10,000 or more. This includes:

Salaried individuals with additional income such as rent, interest, or capital gains not fully covered by employer TDS Freelancers and self-employed professionals Business owners not under presumptive taxation Investors who have sold shares, mutual funds, or property during the year

Senior citizens aged 60 and above are exempt but only if they have no business or professional income.

Frequently Asked Questions

What is Tax Year 2026-27?

Under the Income Tax Act 2025, which came into effect on 1 April 2026, the term “Tax Year” replaces the earlier terms “Previous Year” and “Assessment Year.” Tax Year 2026-27 covers income earned between 1 April 2026 and 31 March 2027. It is the same period earlier referred to as FY 2026-27 or AY 2027-28.

Do I need to pay advance tax on capital gains?

Yes. If your total tax liability including capital gains exceeds ₹10,000, advance tax applies. However, if the capital gain arises late in the year, say in January or February you can pay the tax in the remaining instalment or by 31 March without interest under Section 425.

What happens if I sell property mid-year, when do I pay?

You pay advance tax from the instalment that falls after the date of sale. So if you sold property in August, you include that gain from the September instalment onwards. You do not need to revise earlier instalments.

How is LTCG on shares different from LTCG on property for advance tax?

Gains on listed shares and equity mutual funds above ₹1.25 lakh are taxed at 12.5% and this does not depend on your income slab. Gains on property are taxed at 20% with indexation (for assets purchased before July 2024) or 12.5% without indexation. This calculator handles both separately so your instalment amounts are correct.

Can I revise my advance tax payment if my income changes?

Yes. Advance tax is based on estimated income. If your income changes after the first or second instalment, simply revise your remaining payments. There is no penalty for adjusting estimates only for underpaying the cumulative percentages by each due date.

What is the penalty for not paying advance tax on time?

Interest at 1% per month is charged on the shortfall for each instalment under Sections 424 and 425 of the Income Tax Act 2025. The interest is calculated separately for each instalment based on the shortfall and number of months of delay.

How do I add advance tax due dates to Google Calendar?

After calculating your instalment amounts, use the Add to Google Calendar button in the results. It creates a calendar event for each due date with the instalment amount in the event title so you always know what is due and when.

This calculator is for estimation purposes only and is based on the Income Tax Act 2025 as applicable for Tax Year 2026-27. Results should not be treated as a substitute for professional tax advice. For complex income situations, consult a qualified Chartered Accountant.