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  5. Ahmedabad
Tax

Advance Tax Calculator — Ahmedabad FY 2025-26

Advance tax is mandatory for Ahmedabad (Gujarat) taxpayers with residual tax liability above Rs 10,000 after TDS. A Ahmedabad professional earning Rs 7.5L salary plus Rs 8L freelance income owes Rs 0.25L in advance tax (after employer TDS and 194J TDS) — payable in four installments: Rs 3,795 by 15 June, Rs 7,590 by 15 Sept, Rs 7,590 by 15 Dec, Rs 6,325 by 15 March.

Verified Formula|Source: Income Tax Department, Government of India|Last verified: April 2026Methodology

Income Details

Total TDS deducted by employer / banks / other sources during the year.

Related Calculators

Income Tax CalculatorTDS CalculatorOld vs New Regime

Tax Liability

₹1,92,400

TDS Paid

₹1,50,000

Advance Tax Due

₹42,400

Per Quarter (Avg)

₹10,600

Advance Tax Computation

Estimated Annual Income₹20,00,000
Tax Liability (New Regime)₹1,92,400
Less: TDS Already Paid- ₹1,50,000
Advance Tax Payable₹42,400

Quarterly Installment Schedule — FY 2025-26

Due DateCumulative %This InstallmentCumulative Amount
15 June15%₹6,360₹6,360
15 September45%₹12,720₹19,080
15 December75%₹12,720₹31,800
15 March100%₹10,600₹42,400

Payment Schedule Visualization

Penalty Estimate for Late Payment

Interest u/s 234B (non-payment of advance tax)₹0
Interest u/s 234C (deferment of installments)₹1,272
Total Estimated Penalty₹1,272

Advance Tax is Mandatory

Your estimated tax liability after TDS exceeds Rs 10,000. You are required to pay advance tax in quarterly installments. Failure to pay on time attracts interest under Sections 234B (1% per month on shortfall) and 234C (1% per month for deferment of installments).

When is Advance Tax NOT Required?

If your total tax liability after TDS deductions is less than Rs 10,000 in a financial year, you are not required to pay advance tax. Senior citizens (60+) with no business income are also exempt from advance tax obligations.

Advance Tax for Ahmedabad Taxpayers — FY 2025-26 Complete Guide

Advance tax — paying income tax in quarterly installments rather than as a lump sum at year end — is a "pay-as-you-earn" obligation that applies to all Ahmedabad(Gujarat) taxpayers whose estimated annual tax liability, after TDS, exceeds Rs 10,000. While most salaried employees at Ahmedabad employers like Adani Group and TCShave their full tax covered by employer TDS (Section 192), advance tax becomes critical for the city's growing population of freelancers, landlords, equity investors, and professionals with multiple income streams. Gujarat abolished professional tax in 2009 — one of the first states to do so. Ahmedabad professionals pay zero PT, a Rs 2,400/year saving vs Bengaluru or Kolkata. Additionally, GIFT City (India's only IFSC) within Ahmedabad's metro area offers capital gains tax exemption on securities transactions for units operating there — a significant HNI advantage.

Who Must Pay Advance Tax in Ahmedabad?

The Rs 10,000 threshold for advance tax obligation means many Ahmedabad taxpayers cross it inadvertently. Common triggers:

  • Freelancers and consultants: Ahmedabad's Pharma sector supports thousands of independent consultants. Clients deduct only 10% TDS (Section 194J) on professional fees — but if your effective tax rate is 20-30%, the remaining 10-20% must be paid as advance tax.
  • Rental income landlords: Ahmedabad landlords receiving Rs 14,000/month (Rs 1.7L/year) — after 30% standard deduction, net rental income is Rs 1.2L. At a marginal rate of 5% (added to salary income), annual tax on rental = Rs 0.06L. This is close to or below the Rs 10,000 threshold — but if rental income is higher, advance tax triggers.
  • FD interest investors: A Rs 20L FD at7% generates Rs 1,40,000/year in interest. Bank deducts TDS at 10% (Rs 14,000), but your marginal slab rate may be higher. Residual advance tax liability: Rs 0.01L — requiring quarterly advance tax payments.
  • Capital gains from property/equity: Selling Ahmedabad real estate or booking equity profits creates immediate advance tax obligation in the quarter of the gain.

Advance Tax Installment Schedule for FY 2025-26

The four advance tax due dates are fixed for all taxpayers in Ahmedabad:

  • 15 June 2025 — Pay at least 15% of estimated annual advance tax liability. For the freelancer scenario (Rs 0.25L residual tax): Rs 3,795 due by this date.
  • 15 September 2025 — Cumulative payments must reach 45%. Additional payment by this date: Rs 7,590.
  • 15 December 2025 — Cumulative payments must reach 75%. Additional payment: Rs 7,590.
  • 15 March 2026 — Pay the remaining 100% (balance after prior installments): Rs 6,325.

Payment is made online via the Income Tax e-filing portal (incometax.gov.in) using Challan 280 (Self-Assessment / Advance Tax). Select "Advance Tax" as the payment type. Keep payment receipts (BSR code and challan number) for ITR filing.

Freelancers and Consultants in Ahmedabad: Advance Tax Worked Example

Consider a Ahmedabad professional earning Rs 7.5L salary (employer deducts Rs 0/month TDS) plus Rs 8L in consulting income (clients deduct 10% TDS = Rs 80,000).

  • Total income: Rs 15.5L
  • Total tax (new regime): Rs 1.05L
  • Salary TDS (employer): Rs 0.00L
  • 194J TDS (clients): Rs 0.80L
  • Residual advance tax liability: Rs 0.25L
  • Advance tax required: YES (residual > Rs 10,000)

The Rs 0.25L must be paid across the four installment dates. Failure to pay results in interest under Section 234C (1% per month on the shortfall in each installment) and Section 234B (1% per month on unpaid tax after 31 March 2026).

Capital Gains and Advance Tax in Ahmedabad

Capital gains create the most complex advance tax situations because the income is event-driven — you may not be able to predict it at the start of the year.

Example: Property sale in Q2 (July-September 2025). You sell a Ahmedabadproperty (held >24 months) generating LTCG of Rs 8.9L. LTCG tax at 12.5% + cess = Rs 1.16L. Since this gain occurs in Q2, you must include it in your 15 September installment — at least 45% of the full year's tax (including this LTCG). Failure to pay by 15 September means 234C interest on the shortfall (1% per month from 15 Sept to 15 Dec on the Q2 deficit). The advance tax payment for the Q2 installment on this LTCG alone is Rs 0.52L.

Equity STCG and LTCG: Booked in Q3 (October-December)? Include in the 15 December installment — cumulative 75% of full year tax must be paid by then.

Rental Income and Advance Tax for Ahmedabad Landlords

Ahmedabad property owners collecting rent of Rs 14,000/month for a 2BHK face advance tax obligations that many landlords miss. Here is the complete computation:

  • Gross annual rent: Rs 1.7L
  • Less 30% standard deduction (Section 24a): − Rs 0.5L
  • Net taxable rental income: Rs 1.2L
  • Tax on rental at 5% marginal rate (added to salary income): Rs 0.06L/year
  • Close to advance tax threshold — if rent or other income increases, quarterly payment becomes mandatory.
  • No TDS is typically deducted by individual tenants paying Rs 14,000/month (below Rs 50K/month 194-IB threshold)— so the full rental tax may be an advance tax obligation.

Interest Penalties: Sections 234B and 234C

Missing advance tax payments in Ahmedabad triggers mandatory interest charges:

  • Section 234B: If advance tax paid is less than 90% of total assessed tax, interest at 1% per month from 1 April 2026 to the date of payment of tax. On a Rs 2L tax liability where no advance tax was paid: 234B interest = Rs 2,000/month until self-assessment tax is paid (typically at ITR filing).
  • Section 234C: Interest at 1% per month for each installment shortfall. Applies for 3 months for each of the first three installments, and 1 month for the final March installment. On a Rs 2L tax with 15% (Rs 30,000) unpaid by June 15: 234C interest = Rs 900 for Q1 alone.

The combined 234B + 234C interest can add 3-5% to your effective tax cost — avoidable with timely quarterly planning. Set a calendar reminder for these four dates: 15 June, 15 September, 15 December, and 15 March each year.

Senior Citizens and Advance Tax Exemption in Ahmedabad

Senior citizens (75 years and older) who reside in Ahmedabad and do not have any income from business or profession are entirely exempt from paying advance tax under Section 207. They pay all tax as self-assessment tax when filing their ITR, without any interest under Section 234B (though 234A late filing interest still applies if ITR is not filed on time). Senior citizens with business income — such as a retired professional doing consulting in Ahmedabad's Pharma sector — must still pay advance tax on the business income portion. Ahmedabad has India's highest per-capita equity investment rate — the GIFT City IFSC offers tax-free trading for qualified investors, a unique advantage for HNIs.

How to Pay Advance Tax in Ahmedabad

Advance tax for Ahmedabad (Gujarat) taxpayers is paid online:

  • Go to incometax.gov.in → e-Pay Tax (formerly NSDL/TIN)
  • Select Challan 280 → Income Tax → Advance Tax (Code 100)
  • Enter PAN, assessment year (2026-27 for FY 2025-26), and amount
  • Pay via net banking, debit card, or UPI
  • Download the BSR code and challan serial number — enter these in your ITR
  • Verify payment in Form 26AS within 2-3 working days

Disclaimer

Advance tax computations are estimates for FY 2025-26 (AY 2026-27). Actual liability depends on your complete income profile across all heads (salary, house property, capital gains, business, other sources), deductions claimed, and TDS already deducted. Section 207 exemption applies only to senior residents without business income. Interest calculations under 234B/234C are illustrative. Consult a Chartered Accountant in Ahmedabad for advance tax planning specific to your income streams.

Frequently Asked Questions — Advance Tax in Ahmedabad

Do I need to pay advance tax if I only have salary income in Ahmedabad?

Generally, no. If your only income is salary from a Ahmedabademployer who deducts TDS under Section 192 every month, your advance tax obligation is typically nil — because TDS covers your full tax liability. However, you must pay advance tax if the employer's TDS is less than your actual liability by more than Rs 10,000. This can happen if: (a) you changed jobs mid-year in Ahmedabadand the new employer calculated TDS on the remaining months only, (b) you received a large bonus or ESOP perk that the employer didn't fully account for in TDS, or (c) you earned additional income (rental, FD interest, freelancing) that takes total liability above the TDS amount.

As a Ahmedabad landlord earning Rs 14,000/month rent, do I need to pay advance tax?

It depends on your total income. Rental income of Rs 1.7L/year generates taxable income of approximately Rs 1.2L (after 30% standard deduction and municipal taxes). If this rental income, when added to your salary or other income, results in tax above Rs 10,000 after TDS, you must pay advance tax. At a marginal rate of 5% on rental income (added to your salary tax bracket), the approximate annual tax is Rs 0.06L. Since most individual tenants don't deduct TDS (unless rent > Rs 50K/month under 194-IB), this rental tax is often an advance tax obligation. Plan your four quarterly payments — 15% by June, 45% by September, 75% by December, 100% by March.

How much advance tax interest do I owe if I miss the 15 September installment in Ahmedabad?

Section 234C interest for missing the September installment: 1% per month for 3 months on the shortfall (amount that should have been paid by 15 September minus what was actually paid). For example, if your estimated total advance tax is Rs 1,20,000 and you paid nothing by 15 September (cumulative 45% due = Rs 54,000), the 234C interest is 1% × 3 months × Rs 54,000 = Rs 1,620. Section 234B interest compounds separately from 1 April onward if total advance tax paid by 31 March is < 90% of assessed tax. Always try to pay at least 45% cumulatively by September to avoid this interest — it is non-deductible and adds to your effective tax cost.

I sold my Ahmedabad property in Q2 and made a capital gain. How does advance tax work?

If you sold a Ahmedabad property in Q2 (July-September 2025) generating LTCG of Rs 8.9L, the LTCG tax of Rs 1.16L becomes part of your FY 2025-26 tax liability. By 15 September, you must have paid at least 45% of your total estimated annual tax (salary + rental + this capital gain). If 45% of total tax includes Rs 0.52L from the property gain alone, ensure this is included in your Q2 installment. The buyer would have deducted 1% TDS (not applicable — property below Rs 50L), which counts as advance tax paid and reduces your installment obligation. Missing this inclusion triggers 234C interest on the Q2 shortfall.

Ahmedabad's advance tax landscape reflects the city's layered economic identity: the salaried pharmaceutical and IT professional with occasional consulting income, the Gujarati business family member who straddles salaried employment and ancestral dividend portfolios, the GIFT City IFSC employee receiving USD-linked performance bonuses, and the textile sector manager who inherits real estate rental income from family properties in Navrangpura or Paldi. The advance tax obligation — payment of quarterly income tax instalments when total residual liability (annual tax minus TDS) exceeds Rs 10,000 — activates most commonly in Ahmedabad through three channels: dividend income from Gujarat-headquartered listed companies (Adani Group, Torrent Power, Torrent Pharmaceuticals, Zydus Lifesciences, Alembic Pharmaceuticals) held in inherited demat accounts; rental income below the Rs 50,000/month 194-IB threshold (most Ahmedabad rentals fall in the Rs 15,000-40,000 range, generating no tenant TDS); and professional consulting income from pharmaceutical companies where foreign clients (multinational pharma licensing consultants) pay directly without deducting Indian TDS. Gujarat's cooperative banking tradition (Ahmedabad District Cooperative Bank, AMCO Bank, Mehsana Urban Cooperative) creates another advance tax dimension: cooperative bank fixed deposits pay interest without TDS below Rs 40,000 per cooperative per year, and multiple FDs across multiple cooperatives can accumulate to significant untaxed interest that crosses the Rs 10,000 advance tax threshold. The Rs 9L average CTC salaried employee whose employer fully TDS-deducts — and who holds no side income — has zero advance tax obligation. But Ahmedabad's business community's cultural affinity for investment and multiple income streams means a much larger fraction of the city's working population has advance tax obligations than in a comparable IT-services city.

Key Insight — Ahmedabad

Ahmedabad's cooperative bank FD advance tax trap: the city has approximately 300+ registered cooperative credit societies and cooperative banks where Gujarati families park short-term surplus in FDs at 7.5-8.5% (above scheduled bank rates). The critical distinction: Section 194A TDS threshold for cooperative banks is Rs 40,000/year (same as scheduled banks post-FY2019 enhancement) — but most families hold FDs at amounts that generate Rs 38,000-42,000 interest per cooperative, intentionally or accidentally staying near the threshold. If total cooperative FD interest across three societies = Rs 1,15,000, and TDS (10% on amounts above Rs 40,000 per cooperative) = Rs 7,500, residual tax = Rs 30,000 approximately — a significant advance tax obligation that surprises many Ahmedabad families accustomed to thinking of cooperative bank income as 'local savings' rather than taxable investment income requiring quarterly compliance.

Ahmedabad's Financial Context and Advance Tax Calculator

A Torrent Pharmaceuticals Ahmedabad scientist (Rs 9L salary, full TDS by employer) who additionally receives dividend income from family-held Torrent Power shares (Rs 1,50,000 annual dividend, zero TDS since Torrent Power does not deduct TDS on dividend below Rs 5,000 per shareholder — but multiple dividend payments from different companies can aggregate): if aggregate dividends from Adani Enterprises, Zydus, and Torrent Power = Rs 1,50,000/year, tax at 20% (income at Rs 9L in old regime) = Rs 30,000. TDS on dividends: typically 10% if dividends cross Rs 5,000/year per company and company deducts. If TDS deducted = Rs 15,000 (10% on Rs 1.5L), residual = Rs 15,000 — advance tax required. Four installments: June Rs 2,250; September Rs 6,750; December Rs 11,250; March Rs 15,000. The Rs 1.5L annual dividend portfolio creates meaningful advance tax obligation at Ahmedabad's typical family equity holding scales.

Gujarati Dividend Portfolio and the Advance Tax Calendar for Ahmedabad Investors

Ahmedabad's business community maintains one of India's densest concentrations of direct equity ownership in Gujarat-headquartered companies — Adani Group, Torrent Power, Torrent Pharmaceuticals, Zydus Lifesciences, Alembic Pharmaceuticals, Gujarat Gas, Welspun India, Arvind Limited. These holdings, often acquired over decades and passed through families, generate annual dividend income that creates systematic advance tax obligations for holders who are also salaried employees. The dividend TDS mechanics relevant to Ahmedabad holders: Section 194 requires companies to deduct 10% TDS on dividends exceeding Rs 5,000 per shareholder per company per financial year. A shareholder holding Torrent Power, Torrent Pharma, and Adani Ports — three separate companies with separate Rs 5,000 thresholds — receives dividends as follows: Torrent Power: Rs 60,000 annual dividend → TDS 10% = Rs 6,000. Torrent Pharma: Rs 50,000 → TDS Rs 5,000. Adani Ports: Rs 40,000 → TDS Rs 4,000 (above Rs 5,000 threshold per dividend declaration). Total dividends Rs 1,50,000, TDS Rs 15,000. Tax liability on dividends (added to total income and taxed at slab rate): at Rs 9L salary (new regime, salary tax = 0) + Rs 1,50,000 dividends: total income Rs 10,50,000. New regime tax: Rs 10,50,000 minus SD Rs 75,000 = Rs 9,75,000. Tax: 0-4L nil, 4-8L 5% = Rs 20,000, 8-9.75L 10% = Rs 17,500. Total Rs 37,500 minus 87A (income below Rs 12L): rebate of Rs 37,500. Tax = Rs 0. Dividend TDS paid = Rs 15,000 → this becomes a refund at ITR filing. But wait: the 87A rebate under new regime covers all tax, so the Rs 15,000 TDS on dividends becomes a refund. No advance tax required in this scenario. However: if the dividend income pushes total income above Rs 12L (the 87A threshold): advance tax becomes relevant. At Rs 9L salary + Rs 3,60,000 in dividends = Rs 12,60,000 total income. New regime tax: 0-4L nil, 4-8L Rs 20,000, 8-12L Rs 40,000, 12-12.6L × 15% = Rs 9,000. Total Rs 69,000. 87A does not apply (income > Rs 12L). TDS deducted: 10% on dividends above Rs 5,000 per company — assume Rs 36,000 TDS. Residual: Rs 33,000 advance tax required. This scenario — salaried employee with significant Gujarat equity portfolio — is where Ahmedabad's advance tax obligation most commonly arises. Compute dividend income from all sources in April, add to expected salary TDS gap, determine if residual > Rs 10,000, and schedule quarterly installments accordingly.

Pharmaceutical Consulting Income and GIFT City IFSC Foreign Payments — Advance Tax for Ahmedabad's Specialist Earners

Two specific Ahmedabad income sources create advance tax complexity beyond the standard dividend portfolio scenario: pharmaceutical consulting income from international licensing companies, and GIFT City IFSC employment income with performance bonuses paid by international entities. Pharmaceutical consulting in Ahmedabad: senior scientists, regulatory affairs professionals, and pharmacovigilance specialists from Zydus, Alembic, or Sun Pharma who moonlight as consultants to multinational pharmaceutical companies (Novartis India liaison, Roche clinical trial coordination, Pfizer regulatory submission consulting) often receive fees from the Indian subsidiary of the MNC with 10% TDS under Section 194J. However, some engagements with directly overseas pharma entities (no Indian PE) result in zero TDS on professional fees. A consultant earning Rs 3,50,000/year from a US-based pharma company paying directly to their Indian bank account: no 194J TDS (foreign company without Indian PE). Under Section 44ADA (professional income, presumptive): deemed profit 50% = Rs 1,75,000. Tax: at Rs 9L salary (zero new regime tax) + Rs 3,50,000 consulting: total income Rs 12,50,000. New regime: Rs 12,50,000 minus SD Rs 75,000 = Rs 11,75,000. Tax: 0-4L nil, 4-8L Rs 20,000, 8-11.75L Rs 37,500. Total Rs 57,500. 87A does not apply (Rs 11,75,000 > Rs 12L threshold... actually Rs 11,75,000 < Rs 12L, so 87A applies, tax = Rs 0). Add the consulting fees: total income Rs 12,50,000 minus SD Rs 75,000 = Rs 11,75,000 (below Rs 12L). 87A covers Rs 57,500. Zero advance tax. The threshold is very sensitively positioned at Rs 12L total taxable: consult the precise income figure with a CA if you are near this boundary. For GIFT City IFSC performance bonuses: GIFT City employees at HDFC Bank IFSC or ICICI Securities IFSC receiving performance bonuses in USD equivalent (converted at prevailing rate and credited to Indian accounts): the bonus TDS is deducted by the GIFT City employer at the time of payment under Section 192. The employer, as an Indian entity (even if operating as an IFSC unit), must deduct TDS on employment income. No advance tax obligation for bonus income already covered by employer TDS. The complication arises if GIFT City employees receive ESOPs or stock appreciation rights in the parent international company — perquisite income on ESOP vesting requires FMV computation and may generate an advance tax gap if the employer's TDS computation on the vesting perquisite is lower than actual tax liability at the individual's combined income level.

More Questions — Advance Tax Calculator in Ahmedabad

I have FDs in three Ahmedabad cooperative societies totalling Rs 18 lakh. How much advance tax do I pay on the interest?

Cooperative society FD interest is taxable as 'Income from Other Sources' at slab rate. TDS rules: cooperative societies deduct TDS at 10% on interest exceeding Rs 40,000/year per cooperative. If each cooperative pays Rs 1,35,000 (at 7.5% on Rs 18 lakh, assuming equal split across three = Rs 6 lakh each): each cooperative pays Rs 45,000 interest → Rs 5,000 TDS per cooperative (10% on Rs 45,000 - Rs 40,000 exemption... actually TDS applies on entire amount above Rs 40,000: 10% × Rs 45,000 = Rs 4,500). Three cooperatives: TDS = Rs 13,500. Total interest = Rs 1,35,000. At Rs 9L salary in new regime (zero salary tax), adding Rs 1,35,000 interest: total taxable = Rs 9L + Rs 1,35,000 - SD Rs 75,000 = Rs 8,60,000. Tax = 4-8L (5%) Rs 20,000 + 8-8.6L (10%) Rs 6,000 = Rs 26,000. 87A applies (below Rs 12L): tax = Rs 0. TDS Rs 13,500 becomes refund. Zero advance tax at this income combination. If total cooperative FD interest causes combined taxable income to exceed Rs 12L, advance tax applies on the excess. Track cooperative FD interest in April when you receive interest certificates from the cooperatives.

I sold my SG Highway flat (purchased in 2018, sold in 2025) at a gain of Rs 25 lakh. What is the advance tax implication?

Real estate capital gains require advance tax planning. Holding period: 2018 to 2025 = 7 years — qualifies as Long Term Capital Gain (LTCG) since held more than 24 months. LTCG tax rate on real estate FY2025-26: 12.5% without indexation (per Finance Act 2024 changes eliminating indexed LTCG for real estate; taxpayer can choose 20% with indexation or 12.5% without — whichever is lower). On Rs 25L LTCG: at 12.5% = Rs 3,12,500. At 20% with indexation: depends on cost inflation index. Assume CII-adjusted gain = Rs 18L: 20% × Rs 18L = Rs 3,60,000 — 12.5% wins. Advance tax: Rs 3,12,500 LTCG tax due in the year of sale. TDS: buyer deducts 1% TDS under Section 194-IA if property value exceeds Rs 50L. If sale consideration = Rs 80L: buyer deducts Rs 80,000 TDS, you receive Rs 79,20,000. Your advance tax liability: Rs 3,12,500 minus TDS credit Rs 80,000 = Rs 2,32,500 residual advance tax. Pay by March 15 installment (if sale is in Q3 or Q4): full Rs 2,32,500. If sale is in Q1 (April-June): pay 15% by June 15 = Rs 34,875, 45% by Sept 15 = Rs 1,04,625, 75% by Dec 15 = Rs 1,74,375, 100% by March 15. Section 54 exemption: if you reinvest the Rs 25L gain in another residential property within 2 years of sale or construct within 3 years, LTCG is exempt — reducing or eliminating this advance tax obligation.

My GIFT City employer pays my bonus in December. Do I need advance tax for December installment?

Your GIFT City employer (as an Indian entity with IFSC status) deducts TDS on your total salary including bonus at the time of payment under Section 192. The employer aggregates your annual expected salary + bonus, computes annual tax, and deducts proportionate TDS from each payment including the December bonus. So if the employer correctly accounts for the December bonus in their TDS computation — increasing TDS deduction in December to account for the bumped annual income — your advance tax obligation on the bonus income is fully covered by employer TDS. Verify this by checking your December payslip: TDS deducted in December should be higher than regular months. If the employer TDS on the bonus month is significantly higher than regular months, it confirms the correct computation. Where the advance tax gap arises: if your employer under-deducts TDS on the bonus (perhaps they compute bonus TDS at a flat 30% without considering your full annual income slab) and your actual slab rate is different. Or if you have additional income (dividends, consulting) beyond your GIFT City salary. In those cases, compute: (total annual tax on all income) minus (all TDS credits) — if > Rs 10,000, pay the residual as advance tax by the appropriate installment date.

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