Steps to Calculate Advance Tax

To calculate your advance tax accurately, you'll need to input your complete income details:

 Add Your Income Details

1. Navigate to the Save section from your dashboard.
2. Click on Edit to enter your tax situation.
3. Enter the following details:
   • Incomes (Salary, Business, Capital Gains, etc.)
   • Deductions (under 80C, 80D, etc.)
   • Tax Credits (TDS, TCS, foreign tax credit)
   • Losses (if any)

 View Advance Tax Summary

Once your tax profile is complete, proceed to check your advance tax status:

1. Go to the Save section.
2. Click on Advance Tax to view your summary.

You'll see the following details:

• Tax Summary
  • Regime selected (New or Old)
  • Total Tax Payable
  • TDS & TCS Credits
  • Net Tax Liability
• Quarterly View (e.g., Quarter 4)
  • Tax Liability
  • Advance Tax Credits
  • Outstanding Tax
  • Accrued Interest
  • Tax Dues for the current quarter
  • Click on Pay to make the payment for the current quarter
• Past Payments
  • View past advance tax payments made on Quicko by clicking View Payments

Note: It is important to pay advance tax within the due dates to avoid interest and penalties under Sections 234B and 234C of the Income Tax Act.

Check Quarter-wise Computation

You will also find a detailed table with the breakup of tax liabilities and credits for all 4 quarters: