Resident senior citizens need not to pay advance tax

As per provisions of section 208, Advance tax shall be payable during a financial year in every case where the amount of such tax payable by the assessee during that year, as computed in accordance with the provisions of this Chapter, is ten thousand rupees or more but the individual resident in India who is a senior citizen( is of the age of sixty years or more at any time during the previous year) need not to pay the advance
tax provided such resident senior does not have any income chargeable under the head "Profits and gains of business or profession”. No interest u/s 234B and 234C will be charged while calculating thier tax liabilty even if the tax due is more than Rs. 10000/-.