Payment under self assessment under QRMP scheme

This discussion clarifies payment procedures under the QRMP scheme for the April-June 2024 quarter. A user opting for QRMP found a significant difference between the 35% challan method and self-assessment, with self-assessment being considerably lower. The consensus is that paying the lower self-assessed amount is permissible, and it's even suggested that paying a slightly higher amount than the calculated tax (e.g., an extra £3,000) can help mitigate potential mismatches and avoid late fees or interest. This excess payment can be equally distributed between CGST and SGST.