I am govt employee I fill form 16 and need to pay tax but I confused about self assessment tax or advance tax . because financial year not completed yet. it urgent
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Quick Summary
This discussion clarifies the difference between Advance Tax and Self Assessment Tax for the financial year ending March 31, 2021. For government employees receiving salary income, TDS is typically deducted by the employer, meaning no immediate action is usually needed. However, if you have income from other sources, you might need to pay Advance Tax by March 15th. The conversation also touches on correcting minor head 300 in OLTS challans, noting that online correction is possible for TDS challans via TRACES, but not for income tax challans.