Filling Out Challan

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Peter Boxer (Querist)
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05 July 2011 I have to pay tax for current year (AY2011-12) since TDS was not enough. In filling out the challan no. ITNS 280 (electronic using NSDL e-Payment), what Type of Payment do I use:

Advance Tax (100) or
Self Assessment Tax (300)or
Tax on Regular Assessment (400)

Same question with respect to payment of demand for tax due for prior years (AY 2009-10 and AY 2010-11)

Thank you,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 July 2011 1. asst year 2011-12 -- 300.
2. asst year 2009-19 and 2010-11 -- 400.

Peter Boxer

Peter Boxer (Querist)
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05 July 2011 Thank you very much for the very prompt reply.

Just for my knowledge, why the different payment types for the 2 years?

Thank you once again for your help.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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06 July 2011 Self Assessment you have to pay on your calculation of tax liability and to pay the same as you have admitted the same and that is to be paid in challan 300.

Regular payment is to be made after the assessment has been done and the payment is to be made in challan 400.

The two type of payment are made to know the direct payment by the assessee and the collection made by the assessing officer. These data are required by the finance ministry for their assessment.

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
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06 July 2011 In case, no regular assessment is done, pls mention 300-self assessment tax in all the three cases,

Peter Boxer

Peter Boxer (Querist)
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06 July 2011 Thanks to all of you for your very helpful replies.

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