Every person whose tax liability exceeds ₹10,000 in a financial year is liable to pay advance tax.
Advance tax is paid on a quarterly installment basis. This ensures that the government can collect taxes uniformly throughout the year.
On Quicko, you can:
Calculate advance tax
- Navigate to Planning > New vs Old Regime
- Enter the details of your
- Tax credits
- On the right-hand side, you can see the Tax Calculation under both regimes
- Navigate to the Advance Tax to view the quarterly calculation & payment of Advance Tax, depending upon the regime chosen
Download the Advance Tax Computation Report
- Click on Download Report
An Excel file with detailed computation of your tax liability will be downloaded
Pay advance tax