Do Seniors Need To Pay Advance Tax And How To Calculate It?
Taxation can seem complex if you don’t stay updated about its rules. Advance taxes can be even more confusing for many people, especially senior citizens.
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Taxation can seem complex if you don’t stay updated about its rules. Advance taxes can be even more confusing for many people, especially senior citizens.
The Income-tax Act, 1961 requires people to pay advance tax if their tax liability is Rs 10,000 or more in a financial year. However, seniors have some exemptions
Senior citizens and super senior citizens have some special income tax benefits available to them under the Income Tax-act, 1961.
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