Home > Income Tax Act 2025 > Section-403Last Updated: Feb 18th 2025
Section-403 : Liability for payment of advance tax
Learn to understand the section-403 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
1. Section-403 as per act
- Advance tax shall be payable during any tax year in respect of the current income of the assesse, as per the provisions of this Part.
- For the purposes of this Part, “current income” means the total income of the assessee which would be chargeable to tax for that tax year
- The provisions of sub-section (1) shall not apply to an individual resident in India, who––
- does not have any income chargeable under the head “Profits and gains of business or profession”; and
- is of the age of sixty years or more at any time during the tax year.
2. Help and useful links for Section-403
- Income Tax Help Center
- Income Tax Act 2025 Home
- Self Service (DIY) Income Tax Filing made Easy
- TDS, TCS, Advance, Self assessment Tax FAQs
- Advance Tax: What, When & How to Pay?