Any Person having Income Tax payable (after Rebate/Relief/TDS/TCS) exceeding Rs.10,000 is required to Pay Advance Tax. However for financial Year 2012-2013 onwards, a resident senior citizen (age is 60 years or more) is not required to pay advance tax if he does not have any Income from Business or Profession.
Advance Tax, Income tax, Online filing In this page we explained eligibility criteria of persons who can pay the advance tax as per the income tax rules.
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