Please reply me
This query is : Resolved
12 August 2011
still not satisfied,please tell me briefly on self assessment tax
13 August 2011
Self assessment tax is the tax which calculated by assessee own based on the provisions of the act. it need to be paid installment in advance
15 August 2011
A) Compute taxable income
B) Determine tax liability alongwith surcharge and education cess
C)deduct Advance Tax paid by the assessee from tax liability as determined in B
D) Deduct TDS from B-C
E) Charge Interest U/s 234A, 234B and 234C
F) Self Assessment Tax =B-C-D+E
B) Determine tax liability alongwith surcharge and education cess
C)deduct Advance Tax paid by the assessee from tax liability as determined in B
D) Deduct TDS from B-C
E) Charge Interest U/s 234A, 234B and 234C
F) Self Assessment Tax =B-C-D+E
16 August 2011
Thanks Sir,So Its being paid in Assessment year(unlike Advance tax),is it.
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