Which tax to pay??
This query is : Resolved
15 March 2011
Hi
what is the difference between Self assesment tax, advance tax & tax on regular asesment and which option to select while filling the challan if my employer has not deducted any tax so far.
what is the difference between Self assesment tax, advance tax & tax on regular asesment and which option to select while filling the challan if my employer has not deducted any tax so far.
15 March 2011
Advance tax - paid at quarterly intervals based on ur income... @ 15%, 45%, 75% and 100% of your income on June 15, Sep 15, Dec 15 and March 15 respectively...
Self assessment tax - Tax paid at time of filing return..
If employer has not deducted tax - u would need pay self assessment tax
Self assessment tax - Tax paid at time of filing return..
If employer has not deducted tax - u would need pay self assessment tax
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