1. As per section _____________, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of
“advance tax”.
(a) 205 (b) 208 (c) 215 (d) 218
Q2. A resident senior citizen (i.e., an individual of the age of 60 years or above) not having any income from business or profession is not liable to pay advance tax.
(a) True (b) False
Q3. All taxpayers (other than the eligible assessee as referred to in section 44AD or section 44ADA) are required to pay up to 45% of advance tax by ___________.
(a) 15th June (b) 30th June (c) 15th September (d) 30th September
Q4. Taxpayers opting for presumptive taxation scheme of Section 44AD are required to pay up to of advance tax by 15th June?
(a) 15% (b) 45% (b) 75% (d) Nil [As amended by Finance Act, 2017]