I am having income from shares and interest income.
I will be becoming senior citizen in current financial year.
As per the income tax rules, I need not pay any advance tax being a senior citizen.
My query is whether I have to pay income tax on March 31 or just before filing my I-T return before the due date.
Ans: If you are a senior citizen as on March 31 and have no business income, then there is no advance tax payment required to be paid by you.
You can file your return and pay tax on the filing date.
Practically, you can pay the tax just before you file your return and include the details of the tax paid in your return.