TAX COMPLIANCE ADVISORY Payment of Advance Income Tax under the Income-Tax Act, 2025 Statutory Framework: Income-Tax Act, 2025 (Replacing Income-Tax Act, 1961) Applicable Period: Tax Year 2026–27 onwards Target Audience: All Individual Taxpayers, Salaried Persons with Non-Salary Income, Professionals, Business Owners & Corporate Assessees 1. Statutory Applicability & Exemption Under Section 404 read with Section 403 of the Income-Tax Act, 2025 , advance tax is payable during any financial year in respect of the estimated current income of the assessee where the net tax payable for the Tax Year is ₹10,000 or more (after adjusting TDS, TCS, eligible tax reliefs, and foreign tax credits). EXEMPTION FOR SENIOR CITIZENS (Section 403(3)): An individual resident in India who is 60 years of age or older at any time during the tax year and does NOT have any income c...