Income Tax
Advance Tax Computation

1. If tax payable is upto Rs 10,000


2. In case of Resident Senior Citizen not having PGBP Income

    Senior citizen


     Not having PGBP income




3.  Assessee covered under section 44AD (Presumptive Business Income)

(If he has other income also, other than Section 44AD income, then he is liable to pay Advance Tax on it, only Section 44AD income is exempt from the provisions of Advance Tax)

(New Amendment from 1-6-2016)

Now They have to Advance tax by 15 th march


 Note: -

1. Exemption is only for Section 44AD and not for section 44AE,

Section 44AE deals with Assessees who are in business of plying/hiring/leasing goods carriages. They have to pay advance tax


2. Senior Citizens having PGBP Income

They have to pay advance tax if tax payable is > 10000 

However if they have other income like pension income or interest income,then there is no liability for Advance Tax

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.