Freelancer & advance tax
Estimate tax on profit and plan your set-aside.
Estimated tax still to set aside
FY 2026–27 · Resident individuals below 60 · Ordinary income up to ₹50 lakh.
A closer look.
| Cumulative amount due by | Target (before advance payments) |
|---|---|
| 15 June | ₹8,880 |
| 15 September | ₹26,640 |
| 15 December | ₹44,400 |
| 15 March | ₹59,200 |
Understand your result.
Estimate tax on annual taxable business profit and organise an advance-tax set-aside. Profit here means receipts after eligible business expenses, not total invoice value.
Use the annual tax estimate and entered TDS credits to understand the remaining set-aside. The instalment table is cumulative, so subtract advance tax already paid when planning a payment.
A worked example.
Using this calculator’s default inputs, estimated tax still to set aside is ₹59,200. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Annual taxable business profit | ₹15,00,000 |
|---|---|
| Expected annual TDS / tax credits | ₹50,000 |
| Tax regime | New regime |
| Eligible old-regime deductions | ₹1,50,000 |
| Presumptive taxation opted | No — regular advance tax |
A common mistake to avoid
Deducting business expenses a second time after already entering net taxable profit.
Questions you might have.
Does this determine presumptive-tax eligibility?
No. You choose the applicable payment schedule and enter taxable profit yourself. Eligibility and the correct profit calculation need separate assessment.
Is a salary standard deduction applied?
No. This is a business-profit scenario without salary or other income. The scope and exclusions are explained below.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Annual tax on taxable profit (no salary standard deduction) less entered TDS/credits gives the remaining liability. Regular cumulative instalments are 15%, 45%, 75% and 100%.
Assumptions & things to know
FY 2026–27 planning estimate for resident individuals below 60, ordinary income up to ₹50 lakh. No salary standard deduction. Includes resident rebate, new-regime rebate marginal relief and 4% cess. Excludes capital gains, surcharge, foreign tax credits, agricultural income and special-rate income. Inputs are rounded to the nearest ₹10 for taxable income; final tax to the nearest ₹10. Check eligibility and current rules before filing. Assumes no salary or other income. Old-regime deductions must be eligible personal deductions, not business expenses already deducted. Presumptive profit eligibility is not assessed; enter the taxable profit yourself. Advance tax generally applies if net liability is ₹10,000 or more. Existing advance tax payments are not deducted.
Income Tax Department — advance taxSource references checked 29 October 2026. Rates and rules may change.
Your privacy & sharing
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