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of <h1>Income Tax Bill 2025 Clause 403 maintains advance tax framework while exempting seniors without business income</h1> The Income Tax Bill 2025's Clause 403 establishes advance tax liability during the tax year for current income, maintaining the existing framework from Section 207 of the Income Tax Act 1961. The provision exempts resident individuals aged 60 or above without business or professional income from advance tax obligations. Key changes include replacing 'financial year' terminology with 'tax year' and reorganizing structural references. The clause defines current income as total income chargeable for that tax year and continues the policy of balancing revenue collection with taxpayer convenience, particularly for senior citizens.
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