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

  1. Income Tax
  2. Advance Tax Computation
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.