Are Senior citizens exempted from paying advance tax?. If so, where do I get the relevant instructions?.
N.V.kumar
Sankalp Garg
(Student)
(30 Points)
Replied 22 July 2014
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
Kannan Murali
(ARTICLE ASSISTANT)
(52 Points)
Replied 22 July 2014
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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