3 min read.Updated: 11 Mar 2022, 12:54 AM ISTNitesh Buddhadev
A resident senior citizen without any income is not liable to pay advance tax
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Advance tax is payable by every person whose net tax liability for the financial year is ₹10,000 or more. This includes every person, be it salaried individual, professional, business owner, firm, company, etc. However, a resident senior citizen (i.e., an individual of the age of 60 years or above during the relevant financial year) not having any income from business or profession is not liable to pay advance tax.
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