Section mapper · Advance tax, interest, late fees and refunds
Section 207 of the Income-tax Act, 1961 is now
section 403 of the Income-tax Act, 2025
Who has to pay advance tax.
- Was
s.207, Income-tax Act, 1961 (repealed)- Is now
s.403(1), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 403(1) keeps the liability to pay advance tax during the financial year on current income, and the exemption for a resident senior citizen without business or professional income follows in the same section.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.208 → s.404 — The ₹10,000 threshold that makes advance tax due
- s.211 → s.408 — Advance tax instalments and their due dates
- s.234B → s.424 — Interest for not paying enough advance tax