Compliance Hacks
easy
low risk
Automatic
1 min read
Updated October 2025
Senior Citizen Advance Tax Exemption
Seniors 60+ exempt from quarterly advance tax
Potential Savings
Simplified compliance
Time Required
Automatic
Complexity
easy
Legal Status
fully legal
Applicable to:
Senior Citizen 60+
What is This Hack?
Individuals 60+ not having business income are exempt from paying quarterly advance tax per Section 207, simplifying compliance
Key Benefits
- Potential savings: Simplified compliance
- Implementation time: Automatic
- Legal status: fully legal
- Risk level: low
Related Topics
senior citizen
advance tax
exemption
section 207