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 Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
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.
Related Sections
Related Articles from the Tax Academy
Frequently Asked Questions
What does Section 207 of the Income Tax Act 1961 deal with?
Section 207 (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.
What is the new section number for Section 207 under the Direct Tax Code 2025?
Section 207 of the ITA 1961 maps to Section 250 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 207 under the new tax code?
Section 207 is marked as "Retained" with status "Active". Impact: Critical - The reason why taxpayers pay taxes throughout the year in 4 installments.
What are the key changes to Section 207 under DTC 2025?
The exemption for senior citizens remains a key relief feature.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
Need professional help on Section 207?
Compare trusted providers — both offer DTC 2025-ready CA services.
*Affiliate links — we may earn a small commission at no extra cost to you. Disclosure.
Want to calculate tax on this section?