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Which tax to pay??

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(Querist)
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.
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Abhishek

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Abhishek (Expert)
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
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