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
CAclubindia
