Advice on income tax

Refer:: 

https://cleartax.in/s/interest-imposed-by-income-tax-department-under-section-234c

@ Dhirajlal Ji

Namaskar.

My understanding is :-

For Senior Citizens, there is no need for paying advance tax, and only Self Assessment Tax to be paid[without 234c interest] before the last day of ITR Filing.

Is my understanding wrong?

The understanding is correct if the senior citizen do not earn anything from business or profession. (i.e no income under PGBP head). Here there is income under profession.

@ Dhirajlal Rambhia

Thanks for clearing my confusion.

You are welcome.                    

Thank you sir for your prompt reply. I went through the link .In the table as given in clear tax site person with presumtive income is liable to pay interest under sec 234c only  if advance tax is not paid by 15th march so the lability is only for one month. But in my case i have income from other sources as well as presumtive income so will normal rules of 234c apply or that of presumptive income. please clarify.

also can someone suggest an online excel utility for calculation of interest under sec 234 a,b and c. the result from the one i am using is not tallying with figure being calculated in itr when i file online

@ Monika Khanna

I-T Portal has an utility for calculating tax.

It is on the web page before logging in.

I am not sure, whether this utility has been updated to take into account all the changes in last few years. 

You could give it a try in any case.

@ Dhirajlal Ji

namaskar 

would appreciate your advice on my subsequent query on sec 234c

The rule for interest u/s 234C applies normally except for individuals above 60 years age having no business (u/h PGBP) income.

It means even for these inviduals if they have income u/h. PGBP, the rule applies as ususal.