Advance Tax & Self-Assessment Tax

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Taxation & GST

Advance Tax & Self-Assessment Tax

Accurate advance tax computation and timely payment across all four instalments — eliminating interest under Sections 234B and 234C and optimising your cash flow.

What is Advance Tax & Self-Assessment Tax?

Advance tax is the mechanism by which taxpayers with significant income outside of TDS pay their income tax liability in instalments during the financial year itself, rather than as a lump sum at year-end. Failure to pay advance tax — or underpayment — attracts interest under Sections 234B and 234C, which can add meaningfully to your tax cost.

AccentTax Consulting provides advance tax computation and advisory services for individuals, HNIs, business owners, and companies. We estimate your income for the year, compute the tax liability, and advise on the exact amount to be paid at each instalment date. We also handle self-assessment tax computation and payment at the time of ITR filing.

At a Glance

Who is this for

Individuals with non-salary income, Business Owners, HNIs, Companies, Firms, LLPs, Professionals

Governed by

Income Tax Act, 1961 (Sections 207–219, 234B, 234C) | Income Tax Rules | CBDT Circulars

Estimated timeline

Four instalments: 15 June (15%), 15 September (45%), 15 December (75%), 15 March (100%)

Our fee

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Why Choose This Service?

Key advantages of engaging AccentTax Consulting for Advance Tax & Self-Assessment Tax.

Zero Interest on Advance Tax

Accurate computation and timely payment eliminates interest under Sections 234B (3% p.a.) and 234C (1% per month).

Accurate Income Estimation

We estimate your income from all sources — business, capital gains, rental, and other — to compute the correct advance tax.

Instalment Reminders

We proactively remind you before each instalment date and provide the exact amount to be paid.

Cash Flow Optimisation

We help you plan your advance tax payments to minimise the cash flow impact while staying compliant.

How It Works — Our Process

Simple, transparent, and fully managed by our team.

1

Income Estimation (June)

Before the first instalment (15 June), we estimate your income for the year based on Q1 actuals and projections.

2

First Instalment Computation

We compute 15% of the estimated annual tax liability and advise on the advance tax payment due by 15 June.

3

Mid-Year Review (September)

We review your actual income for April–August, update the annual estimate, and compute the second instalment (45% cumulative).

4

Third Instalment (December)

We update the estimate based on April–November actuals and compute the third instalment (75% cumulative) due by 15 December.

5

Final Instalment (March)

We compute the final instalment (100% of estimated tax) due by 15 March, incorporating all income and deductions for the year.

6

Self-Assessment Tax

At the time of ITR filing, we compute any remaining tax liability (self-assessment tax) after TDS and advance tax credits and assist with payment.

We handle everything — you just provide documents.

Documents Required

Previous year ITR and tax computation
Current year income details (salary slips, business P&L projections)
Capital gains transactions (equity, MF, property)
Rental income details
Investment income (interest, dividends)
TDS certificates (Form 16, Form 16A) received
Details of any expected large transactions during the year

Don't have all documents ready? Contact us — we'll guide you step by step.

Send Documents on WhatsApp

Estimated Timeline

Four instalments: 15 June (15%) | 15 September (45%) | 15 December (75%) | 15 March (100%)

Companies must pay 100% of advance tax by 15 March. Presumptive taxation taxpayers under Section 44AD/44ADA pay 100% by 15 March.

Professional Fee

Request a personalised quote

All fees exclude 18% GST. Transparent pricing, no hidden charges.

Frequently Asked Questions

Who is required to pay advance tax?
What is the interest for not paying advance tax?
What if my income is unpredictable (e.g., capital gains)?
How is advance tax paid?
What is the difference between advance tax and self-assessment tax?

You May Also Need

Income Tax Return Filing

ITR filing with advance tax credit and self-assessment tax computation.

Learn More

Tax Planning & Advisory

Year-round tax planning that informs your advance tax estimates.

Learn More

Income Tax Notices

Expert handling of advance tax demand notices.

Learn More

TDS / TCS Compliance

TDS compliance that reduces your advance tax obligation.

Learn More

Ready to get started?

Our team responds within 1 hour.