Income Details
₹
₹0₹10,00,00,000
₹
₹0₹15,00,000
New Regime Tax Slabs
Up to ₹3,00,000Nil
₹3,00,001 - ₹7,00,0005%
₹7,00,001 - ₹10,00,00010%
₹10,00,001 - ₹12,00,00015%
₹12,00,001 - ₹15,00,00020%
Above ₹15,00,00030%
+ 4% Health & Education Cess on tax
Total Tax Liability
₹1,30,000
Including ₹5,000 cess
Net Tax Payable
₹80,000
After TDS deduction
Advance tax is applicable. Pay in quarterly installments to avoid interest under sections 234B and 234C.
Advance Tax Schedule (FY 2024-25)
Q1
15 Jun 2024
15% of tax (15% cumulative)
₹12,000
Due passedQ2
15 Sept 2024
30% of tax (45% cumulative)
₹24,000
Due passedQ3
15 Dec 2024
30% of tax (75% cumulative)
₹24,000
Due passedQ4
15 Mar 2025
25% of tax (100% cumulative)
₹20,000
Due passedTax Calculation Breakdown
Gross Income₹15,00,000
Standard Deduction- ₹75,000
Taxable Income₹14,25,000
Income Tax₹1,25,000
Health & Education Cess (4%)₹5,000
Total Tax Liability₹1,30,000
Less: TDS Paid- ₹50,000
Net Tax Payable₹80,000