Can Self Assessment Tax Be Paid Monthly?

Tax to be paid under Self Assessment(300) or Regular Assessment(400) ?

  • As per my Tax Calculations of ITR-1 Excel Utility i must pay some additional tax. Will this fall under: Tax on Regular Assessment(400) OR Self - Assessment(300)? I need to ...show more

  • Answer:

    I was e-filing my taxes for AY 2010 - 2011 and had to pay a nominal difference. I am under ITR 1. I have made the payment under 300 (self assessment tax) instead of 400 (Tax on regular assessment). Will this affect my returns? What should I do to correct this mistake?

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