Advance tax

This query is : Resolved 

19 March 2014 dear sir who can pay advance tax?

19 March 2014 Every assessee whose estimated tax liability after considering TDS is more than Rs. 10,000 is required to pay advance tax.

However, a senior citizen NOT having business income is NOT required to pay advance tax.

An assessee may voluntarily pay advance tax even if he is not liable to pay the same.


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