Section 207 → Section 250
Liability for payment of advance tax
Quick Answer
Section 207 of the Income Tax Act, 1961 (Liability for payment of advance tax) corresponds to Section 250 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 207
In the 1961 statute, Section 207 deals with liability for payment of advance tax. Every person whose estimated tax liability for the year is Rs. 10,000 or more must pay advance tax.
From 1st April 2026, the same subject sits at Section 250 of the Income-tax Act, 2025 — retained and renumbered as Section 250 of the Income-tax Act, 2025. Retained. Senior citizens (not having business income) are exempt from this liability.
For Section 207, the practical impact is rated Critical. The reason why taxpayers pay taxes throughout the year in 4 installments.
Sec 207
Provision Summary
Every person whose estimated tax liability for the year is Rs. 10,000 or more must pay advance tax.
Sec 250
Provision Summary
Retained. Senior citizens (not having business income) are exempt from this liability.
Key Changes & Highlights
- The exemption for senior citizens remains a key relief feature.
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Frequently Asked Questions
What is Section 207 of the Income Tax Act, 1961 about?
Section 207 of the Income Tax Act, 1961 covers liability for payment of advance tax. Every person whose estimated tax liability for the year is Rs. 10,000 or more must pay advance tax.
Which section replaces Section 207 in the Income-tax Act, 2025?
Section 207 of the Income Tax Act, 1961 maps to Section 250 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Senior citizens (not having business income) are exempt from this liability.
What is the impact of the change to Section 207 under the new tax code?
The transition impact for Section 207 is rated Critical. The reason why taxpayers pay taxes throughout the year in 4 installments.
What should I watch out for when Section 207 moves to the 2025 code?
The exemption for senior citizens remains a key relief feature. These points are specific to Section 207 (Liability for payment of advance tax).
Disclaimer: This mapping of Section 207 (Liability for payment of advance tax) to Section 250 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 207 is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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