Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
When it applies
Like anyone, a professional owes advance tax if their net tax (after the TDS clients deducted) is ₹10,000 or more. Since clients usually deduct only 10% under Section 194J, professionals often have a balance to pay as advance tax — especially higher earners.
The 44ADA concession
Professionals declaring income under 44ADA get a simplification: they can pay 100% of advance tax in a single instalment by 15 March, instead of the four-instalment schedule. Those on actual computation follow the normal 15 June / Sept / Dec / March instalments, with 234B/234C interest for shortfalls. Confirm the presumptive concession applies to your case.
A worked example
Example: a doctor on 44ADA with ₹25 lakh deemed income and ₹2 lakh of TDS still owes advance tax — she pays the lot by 15 March in one go, avoiding the quarterly schedule. A clinic computing actual income spreads its advance tax across the four dates. Estimating early prevents 234B/234C interest. Our team can compute and schedule your advance tax.