Advance Tax per Old Regime

21522152

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 MethodEndpointDescription
POST/calculators/income-tax/advance-tax/oldA Request Body (JSON) is uploaded for calculating the Advance Tax Liability as per new Regime.

API EndpointAPI Endpoint

Request Body

ParamTypeDescriptionExample
financial_yearstringFInancial year for which Advance Tax has to be calculated.FY 2020-21
panstringPAN number of the taxpayer.ASDPF1234G
filing_categorystringCategory of the type of filingGeneral
residential_statusstringResident, Not Ordinarily Resident or Non-resident.Non Resident
basic_salarynumBasic Salary of Taxpayer.1500000
hra_receivednumHome Rent Allowancenull
rent_paidnumActual Rent Paidnull
other_allowancesnumOthe Taxable Allowances given to Taxpayernull
addressobjectAddress of the Taxpayer"city": "Ahmedabad"
interest_paid_on_let_out_hp_loannumInterest on Borrowed Capital on Home Loan. (Rented out)null
rent_receivednumRent recieved from home rental.null
property_tax_paidnumMunicipal Tax paid on home ownership.null
interest_paid_on_self_occupied_hp_loannumInterest on Borrowed Capital on Home Loan. (Self occupied)null
capital_gains_by_quarterobjectCapital Gains for the Quarter
stcg_15numShort Term Capital Gains 15%0
stcg_30numShort Term Capital Gains 30%0
stcg_slabnumShort Term Capital Gains slab-15000
ltcg_10numLong Term Capital Gains 10%0
ltcg_20numLong Term Capital Gains 30%0
savings_interest'num'Savings Account Interestnull
fd_interestnumFixed deposit Interestnull
dividend_incomenumDivdended Income.null
other_incomenumOther Incomenull
regular_business_turnovernumBusiness Turnovernull
regular_business_profitnumBusiness Profitsnull
speculative_business_turnovernumSpeculative Business Turnovernull
speculative_business_profitnumSpeculative Busines Profitnull
elssnumSection 80C - ELSS investments85000
tax_creditsobjectTax Credits of Taxpayer [Object with following information]
typestringType of Tax CreditTDS
date_of_depositdateDate of Deposit of particular Tax Credit01/04/2020
amountnumAmount of Tax Creditnull

Response

ParamDescriptionExampleType
advance_tax_installmentsGives the installments of Advance Tax.218400,
15,
32760,
35000,
0,
3,
0
object