Pay your Advance Tax on time and avoid interest under Section 234B & 234C. Our CAs in Dwarka help with accurate tax calculation, Challan 280 preparation, and online e-payment. Serving salaried individuals, businessmen, and professionals since 2008.
Get accurate calculation & pay before deadline
Pay your advance tax in quarterly installments to avoid interest under Section 234B & 234C
First quarter advance tax covering income from April to June
Second quarter payment for income from July to September
Third quarter payment for income from October to December
Final installment covering January to March income
Understanding different challan types, codes, and their purposes
Select the correct minor head code based on your tax payment type
| Minor Head Code | Tax Type | Description | When to Use |
|---|---|---|---|
| 100 | Advance Tax | Tax paid in advance during the financial year in quarterly installments before assessment | Use when paying quarterly installments on June 15, Sept 15, Dec 15, March 15 |
| 102 | Surtax | Additional tax levied on companies (now abolished for most purposes) | Rarely used - specific old assessments only |
| 106 | Tax on Distributed Profits | Dividend Distribution Tax (DDT) paid by companies on dividends (abolished from FY 2020-21) | For payments before April 2020 or pending demands |
| 107 | Tax on Distributed Income | Tax on distributed income by mutual funds, specified companies | Mutual fund houses, specific corporate distributions |
| 300 | Self Assessment Tax | Tax paid after calculating total tax liability while filing ITR (difference between total tax and TDS/Advance Tax) | MOST COMMON - Use when paying tax at time of ITR filing |
| 400 | Tax on Regular Assessment | Tax paid after assessment order is passed by Assessing Officer with additional demand | Use when paying demand raised after scrutiny/assessment |
Selecting wrong minor head code can create problems:
Our Dwarka CA team ensures correct code selection every time. Contact us for error-free tax payment.
Section 234B - Default in Payment of Advance Tax:
Interest @ 1% per month (simple interest) from April 1 of AY to date of payment if advance tax paid is less than 90% of assessed tax.
Section 234C - Deferment of Advance Tax:
Interest @ 1% per month for 3 months for shortfall in quarterly installments. Calculated on shortfall amount for each quarter.
Complete guide to e-payment of income tax through official portal
Go to www.incometax.gov.in → Click on e-Pay Tax under Quick Links. No login required for tax payment.
Enter your PAN number, confirm mobile number, verify OTP. Select Assessment Year (e.g., 2025-26 for FY 2024-25).
Choose Income Tax (Other than Companies). Select Minor Head: 100 for Advance Tax, 300 for Self Assessment.
Enter tax amount, pay via Net Banking/Debit Card/UPI. Download Challan 280 with BSR code & CIN for records.
Need help with online payment? Our Dwarka team can do it for you!
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Advance tax is mandatory if your estimated tax liability exceeds ₹10,000
Self-employed individuals, proprietors, partners in firms with business income not covered by TDS must pay advance tax on profits.
Doctors, lawyers, CAs, consultants, freelancers receiving professional fees without TDS deduction or with partial TDS.
Salaried employees with capital gains, rental income, interest income, freelance income where additional tax exceeds ₹10,000.
Individuals with house property income from rent where TDS under Section 194-IB is not deducted or is insufficient.
Anyone with capital gains from sale of property, shares, mutual funds, jewellery where tax liability is significant.
Resident senior citizens (60+ years) without business/profession income are exempt from advance tax payment obligation.
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