As far as payment of advance tax is concerned in case your tax liability after any TDS exceeds Rs 10,000 then you have to pay advance tax in three instalments before 15th December, 15th March and 15th September.
The ratio is 30 percent for 15 September, 30 percent is for 15th December and 40 percent on 15th March, however in case of senior citizen who is not carrying on any business or profession, he does not have to pay any advance tax.
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