Chartered Accountant
1375 Points
Joined August 2012
Note: The following answer is relevant only upto AY 2016-17..
1. In case of senior citizen, Income other than from PGBP, shall not be subject to Advance Tax due to the following provision:
The provisions of Advance Tax [ie., section 207(1)] shall not apply to an individual resident in India, who—
(a) does not have any income chargeable under the head "Profits and gains of business or profession (PGBP)"; and
(b) is of the age of sixty years or more at any time during the previous year.]
2. In case of senior citizen, Income subject to presumptive taxation u/s 44AD shall not be subject to Advance tax due to foll. reason:
As per section 44AD(4), the provisions of Chapter XVII-C (Advance Tax) shall not apply to an eligible assessee in so far as they relate to the eligible business.
Hence reading above 2 provisions together; in your case, no advance tax shall be payable.