Advance Tax per Old Regime

About

  • The API takes in the Request Body and calculates the Advance Tax Installments for the income calculated based on the New Regime.

Definitions

  • Advance tax is the “Pay as you earn” tax that has to be deposited to the Income Tax Department during the financial year.
  • Every person whose tax liability for a financial year exceeds INR 10,000 has to pay it on an instalment basis.

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Know More

Advance Tax: Rules, Calculations, and Due Dates


Endpoint

HTTP Method

Endpoint

Description

POST

/calculators/income-tax/advance-tax/old

A Request Body (JSON) is uploaded for calculating the Advance Tax Liability as per new Regime.

API EndpointAPI Endpoint

Request Body

Param

Type

Description

Example

financial_year

string

FInancial year for which Advance Tax has to be calculated.

FY 2020-21

pan

string

PAN number of the taxpayer.

ASDPF1234G

filing_category

string

Category of the type of filing

General

residential_status

string

Resident, Not Ordinarily Resident or Non-resident.

Non Resident

basic_salary

num

Basic Salary of Taxpayer.

1500000

hra_received

num

Home Rent Allowance

null

rent_paid

num

Actual Rent Paid

null

other_allowances

num

Othe Taxable Allowances given to Taxpayer

null

address

object

Address of the Taxpayer

"city": "Ahmedabad"

interest_paid_on_let_out_hp_loan

num

Interest on Borrowed Capital on Home Loan. (Rented out)

null

rent_received

num

Rent recieved from home rental.

null

property_tax_paid

num

Municipal Tax paid on home ownership.

null

interest_paid_on_self_occupied_hp_loan

num

Interest on Borrowed Capital on Home Loan. (Self occupied)

null

capital_gains_by_quarter

object

Capital Gains for the Quarter

stcg_15

num

Short Term Capital Gains 15%

0

stcg_30

num

Short Term Capital Gains 30%

0

stcg_slab

num

Short Term Capital Gains slab

-15000

ltcg_10

num

Long Term Capital Gains 10%

0

ltcg_20

num

Long Term Capital Gains 30%

0

savings_interest

'num'

Savings Account Interest

null

fd_interest

num

Fixed deposit Interest

null

dividend_income

num

Divdended Income.

null

other_income

num

Other Income

null

regular_business_turnover

num

Business Turnover

null

regular_business_profit

num

Business Profits

null

speculative_business_turnover

num

Speculative Business Turnover

null

speculative_business_profit

num

Speculative Busines Profit

null

elss

num

Section 80C - ELSS investments

85000

tax_credits

object

Tax Credits of Taxpayer [Object with following information]

type

string

Type of Tax Credit

TDS

date_of_deposit

date

Date of Deposit of particular Tax Credit

01/04/2020

amount

num

Amount of Tax Credit

null

Response

Param

Description

Example

Type

advance_tax_installments

Gives the installments of Advance Tax.

218400,
15,
32760,
35000,
0,
3,
0

object


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