calculate_advance_tax
Calculate quarterly advance tax installment schedule to avoid interest penalties under Sections 234B and 234C. Get due dates and amounts for each installment based on estimated income and tax regime.
Instructions
Calculate quarterly advance tax installment schedule per Sections 234B and 234C.
Use when planning quarterly tax payments to avoid interest penalties. Provides due dates and amounts for each installment.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| estimated_income | Yes | Estimated total income for FY in rupees | |
| regime | No | 'new' or 'old' tax regime | new |
| taxpayer_type | No | 'individual', 'senior_citizen', or 'super_senior_citizen' | individual |
| existing_tds | No | TDS already deducted or to be deducted in rupees |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||