Senior citizen self assessment tax due date

But it should be less than 1 lakh else u have to pay int

Thank you all for the reply.   In case the tax payable is more than Rs. 1 lac, whether tax roughly calculated at

95% can be remitted before 31st July and to go in for actual filing before 30th September.  Kindly clarify

If you file your return by 31st July 2021, then all tax payments made up to the date of filing of return would be treated as advance tax. No interest is payable in this case.

But if you intend to file ITR after 31st July 2021, then if the tax liability is >1lac, then you are required to pay tax with interest at the time of filing of ITR.

I read on the Incometax site that:

A resident senior citizen who does not have any income from business or profession is not required to pay advance tax and he can pay the entire tax by way of self-assessment tax. For computing the limit of Rs. 1 lakh (as specified above), the self-assessment tax paid by a senior citizen on or before 31-07-2021 shall be deemed to be the advance tax. 

So I presume if the total tax of senior citizen is around say, Rs 150000/-, and if one pays Rs. 100000 on or before July 31, 2021, then this payment in respect of the senior citizen will be treated as advance tax and if the balance tax (in this case Rs 50000) is less than Rs. 100000/- then no interest will be charged for delayed payment. But I would need this to be clarified.

In case my tax as a senior citizen is Rs.1.50 lakhs and I pay Rs. 1 lakh before July 31, 2021, then my tax liability to be paid before filing ITR2 will not be charged to delayed interest, isnt it?

I have no income from Business or profession.

Yes absolutely correct.

Where this part of the provision is appearing ??

https://www.incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx

https://www.incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx