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FY 2026–27 Income Tax Planning

Advance Tax Calculator for Freelancers

Calculate your exact quarterly advance tax installments, presumptive profit under Section 44ADA/44AD, and client TDS deductions. Free, private, and runs entirely in your browser.

Sec. 44ADA 50% Rule Built-In New Tax Regime Slabs Automatic TDS Offset

1. Gross Freelance / Professional Receipts

₹
Quick Presets:

2. Presumptive Taxation Scheme (Income Tax Act)

3. Tax Regime & TDS Deducted by Clients

TDS reduces your advance tax rupee-for-rupee. Check your AIS or Form 26AS on the tax portal.

Advance Tax SummaryNo Advance Tax Due
Net Advance Tax Payable:
₹0

Net liability is under ₹10,000 threshold or fully offset by TDS.

Gross Invoiced:₹1,500,000
Taxable Profit (50%):₹750,000
Total Tax (inc 4% cess):₹26,000
Less TDS Credit:-₹30,000
Pay via e-Pay Tax
Sec. 44ADA Special Exemption

Eligible professionals filing under Section 44ADA are legally permitted to pay 100% of their advance tax on or before March 15th in a single installment without incurring delay interest under Section 234C.

Quarterly Installment Schedule

FY 2026–27
June 1515% (15% cum.)
1st Installment
₹0
September 1530% (45% cum.)
2nd Installment
₹0
December 1530% (75% cum.)
3rd Installment
₹0
March 1525% (100% cum.)
4th Installment
₹0
Section 234B & 234C Interest: A simple interest penalty of 1% per month applies if you fail to pay at least 90% of your advance tax by March 31st or miss quarterly thresholds.

Detailed Tax Slab Computation (New Tax Regime)

Tax SlabTax RateTaxable AmountComputed Tax
Up to ₹3,00,0000%₹300,000₹0
₹3,00,001 to ₹7,00,0005%₹400,000₹20,000
₹7,00,001 to ₹10,00,00010%₹50,000₹5,000
Add: 4% Health & Education Cess₹1,000
Total Tax Liability (before TDS)₹26,000

Understanding Advance Tax & Presumptive Taxation (Section 44ADA)

What is Section 44ADA?

Section 44ADA of the Indian Income Tax Act offers a simplified taxation scheme for specified professionals whose gross annual receipts do not exceed ₹75 Lakhs (provided 95%+ payments are received digitally).

Instead of tracking every coffee, software subscription, and laptop depreciation expense, you simply declare 50% of your gross revenue as profit. The remaining 50% is automatically deemed as legitimate business expenditure.

Advance Tax Due Dates & The March 15 Exemption

Regular taxpayers must pay advance tax in four quarterly installments: 15% by June 15, 45% by Sept 15, 75% by Dec 15, and 100% by March 15.

However, professionals filing under Section 44ADA have a special statutory benefit: You are permitted to pay your entire 100% advance tax in a single payment on or before March 15th without incurring any interest penalty under Section 234C.

Frequently Asked Questions (Advance Tax & 44ADA)

Who is required to pay Advance Tax in India?↓
Under Section 208 of the Income Tax Act, any individual, freelancer, or business whose estimated total tax liability for the financial year (after deducting TDS credits) equals or exceeds ₹10,000 must pay advance tax in quarterly installments.
What is the special Advance Tax benefit under Section 44ADA for professionals?↓
Under Section 44ADA, eligible professionals (software engineers, UI designers, content creators, doctors, technical consultants) are permitted to pay 100% of their advance tax in one single installment on or before March 15th of the financial year, rather than four quarterly installments, without attracting delay interest under Section 234C.
What is presumptive taxation under Section 44ADA?↓
Section 44ADA allows professionals with annual gross receipts up to ₹75 Lakhs (if 95%+ payments are received digitally) to declare a minimum of 50% of gross revenue as presumptive profit. You only pay income tax on that 50%, and you do not need to maintain tedious expense bills or audits.
How does client TDS (Section 194J) affect my Advance Tax?↓
TDS deducted by your clients under Section 194J (10% or 2%) or Section 194C (1% or 2%) is a direct advance credit against your total tax liability. Your advance tax liability is strictly: Total Computed Tax minus TDS Credits already reflected in your Form 26AS or AIS.
What are the penalties for missing Advance Tax deadlines?↓
If you fail to pay your quarterly installments or pay less than 90% of the total tax assessed by March 31st, interest penalties of 1% per month apply under Section 234B (for default in payment) and Section 234C (for deferment of quarterly installments).
Where can I pay my Advance Tax online?↓
You can pay advance tax directly on the official Income Tax e-Filing portal (eportal.incometax.gov.in) using the "e-Pay Tax" facility. Select Assessment Year 2026-27 (or current AY) and choose Minor Head "(100) Advance Tax" under Challan 280.

Need to Issue a GST Tax Invoice?

Make sure your invoices include proper SAC codes, GSTIN, and automatic CGST/SGST splits so clients can deduct TDS cleanly and you get paid faster.

Open Free GST Invoice MakerLookup SAC Codes