Self assessment tax or advance tax for ay 19-20

394 views 9 replies

Hi..

Due to change in company by an employee, TDS has not been deducted for last two months.Now I would like pay the tax balance tax.

Whether Should I make it as Advance tax or can I pay as Self Assessment Tax for the AY 19-20.

Is there any interest for the delay in payment of advance tax as Balance tax short fall below 75% which is due on 15th Dec,2018.

Please help on this issue.

Replies (9)

can i pay it as self assessment tax instead of advance tax?

Yes there will be interest liability since tax falls short below 75% which was due on 15th Dec, 2018

Also select Advance tax if payment made below 31.3.19 and Self Assessment Tax if payment made on or after 1.4.19

Thank you!

welcome

Does it make any difference if I pay Self assessment tax? Is it allowed in e pay tax website If i proceed with Self assessment tax?

As a Salaried employee, Usually it's company's responsibility to deduct TDS, which it failed to deduct in this case, & there is no requirement of advance tax if all the TDS deductions were made. Hence I am paying only the balance tax and not a advance tax

You cannot make payment as Self Assessment Tax before 1.4.19 since the financial year has not ended.
any tax payment made during the financial year for that same financial year is counted as Advance tax.
Also the portal e pay tax website won't allow you to make payment as Self Assessment Tax before 1.4.19

But the portal did not allow me to pay advance tax and instead i paid self-assessment before 1.4.2019

My bad it was advance tax

advance tax payable in case tax liability of 10k or more
or where AO has passed order

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details