Advance tax for senior citizen

Hello,

Yes you are required to pay advance tax because your gross total income includes income from business and profession.

Regards,

Siddharth Bumb

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www.siddharthbumb.blogspot.com

Advance Tax is Payable if the Tax Payable exceeds Rs. 10,000 in a Financial year.

Yes, Since Your Tax Liability is morethan that, You need to Pay advance tax.

Refer the below Link, which explains in detail , each and eveything about advance tax & As well as all complainces for advance tax.

link:https://www.exploreincometax.com/Income-tax-Ready-Reckoners/advance-tax-due-dates-compliances-interest-for-default