The tax authorities need to amend the process of capturing the date of payment
The first instalment of advance tax for the current year is due by 15 September 2012. If your tax liability, net of tax deductible at source (TDS), is likely to exceed ₹ 10,000, you need to pay advance tax. However, from the current year, if you are a senior citizen, you are exempted from payment of advance tax, provided you do not have any business or professional income. If you are liable to pay advance tax by 15 September, but pay it even a day late, you would end up paying interest on the entire instalment of advance tax for a period of three months till the next due date, that is 15 December.