24 January 2013
If the income is not from 'business or profession' no need to pay advance tax by a senior citizen for assessment year 2013-14 and subsequent years vide section 207(2) of the Income tax Act,1961.
24 January 2013
from F.Y. 2012-13. if an individual is atlest 60 years in any time during the year and doesn't has income from business/profession then he is not liable to pay advance tax
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