Are Senior citizens exempted from paying advance tax?. If so, where do I get the relevant instructions?.
N.V.kumar
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Advance tax for senior citizens
Replies (2)
Yes, senior citizens who do not have income from business or profession are exempt from payment of advance tax.
Kindly see para 3.7 of the following attachment.
https://www.bcasonline.org/articles/artin.asp?1055
For the AY 2014-15, senior citizen have do not income earn from the business or profession are excempt from the payment of advance tax. 
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