banner_ad

Self Assessment Tax payment timing

Tax queries 450 views 8 replies

In Income Tax, is the Self Assessment Tax paid only after March 31?

Or, can it be paid before also?

Replies (8)
Before end of FY , you can pay taxes in the form of advance tax .

After end of FY , you can choose self assessment tax .

Advance tax will be paid on estimated income and self assessment tax will be paid on actual income

It's just a term indicating it was paid after year end but before filing the return.

In effect, there's no difference, because your liability and interest is determined based on the value and date of payment anyway.

Self Assessment tax can't be paid during FY. You can pay advance tax instead
Before March 31, tax is paid in the form of advance tax. After that, tax is paid in the form of self assessment tax. Self Assessment tax is paid on actu al income, which cannot be known before March 31. Before that, Advance tax is paid which is on the basis of estimation of income.
Financial Year is relevant

Your response clarified our doubts. Thank you.

Thank you for your resonse.

Your response clarified our doubts. Thank you.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details