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of <h1>Advance tax under Sections 208-219 is payable on total current income for the next assessment year; senior non-business residents exempt</h1> Tax for a financial year must be paid in advance under sections 208-219 based on the assessee's total current income chargeable for the immediately following assessment year. The advance tax obligation applies generally to all assessees except resident individuals who are at least sixty years old at any time in the previous year and who have no income chargeable under 'Profits and gains of business or profession,' in which case the advance payment requirement does not apply.
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