Question
Advance tax for salaried people with capital gains or other income
Answer
Bottom line: If your total tax after TDS is ₹10,000 or more, you must pay advance tax — and salary TDS often does not cover capital gains, interest or rent.
1. When it applies
Salary TDS handles your salary, but gains on shares or property, FD interest or rental income can leave a shortfall that needs advance tax.
2. Instalments
Pay 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. A capital gain arising later can be paid in the remaining instalments without 234C interest.
3. Exception
Resident senior citizens with no business income are exempt from advance tax.
Plan it with our Advance Tax Calculator.
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.