Advance/Self Assessment Tax

Advance/Self Assessment Tax

  1. Advance tax - It is the Tax amount paid by you on or before the 31st of March,19.
  2. Self assessment tax - It is the tax amount paid by you after 31st march,2019 and before filing income tax return. 
  3. For Advance/Self Assessment Tax you will have to provide the BSR code, date of tax deposit, challan no and tax deposited.
  4. BSR Code- 7 digit unique code Given on the receipt of Advance/Self Assessment Tax
  5. Challan no= 5 digit number Given on the receipt of Advance/Self Assessment Tax

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    • What is Self Assessment Tax (SAT)?

      Self-assessment tax is the added tax liability of an assessee on his income after accounting for TDS and advance tax. This should be calculated before filing returns at the financial year end. You cannot submit your returns to the IT Department till ...
    • How do I pay Self-Assessment Tax or Advance Tax to the government?

      Self Assessment Tax or Advance Tax is to be credited to the Government by using the challan prescribed in this behalf, i.e., ITNS​ 280. The Challan can be downloaded from here. You can then pay the tax via designated banks through physical mode, i.e. ...
    • How to Pay Self Assessment Tax online

      Steps to Pay Self Assessment Tax Online Step 1: Visit the NSDL website: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Step 2: For Self Assessment Tax payment, click on proceed button of Challan No: 280 as highlighted in red Step 3: ...
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      There is no specified date or period of time mandated for filing the self-assessment tax. However, SAT must be filed before ITR filing.
    • What are the steps for paying the Self Assessment tax online?

      It has become very convenient to pay SAT now, due to online facility of netbanking. You can follow the steps below: Log in to the income tax website. After signing in, you can click on the e-Pay taxes option. You will be redirected to the National ...