02 January 2017
# No advance tax is payable if the total tax liability after reducing the tax deducted at source is less than Rs. 10,000/-.
#Senior citizens ( i.e. resident individuals aged 60 years or above ) who do not have any income from business / profession are exempted from the payment of advance tax w.e.f. 01/04/2012.
For Senior Citizens having Business Income due dates of payment of advance tax for FY 2015-16 are:
On or before 15th June 15% of advance tax On or before 15th September 45% of advance tax On or before 15th December 75% of advance tax On or before 15th March 100% of advance tax
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