What is Self Assessment Tax? When and How to Pay it Online?

Self Assessment Tax or SAT in short is the balance income tax that an income tax assessee has to pay before the filing of income tax return (ITR) after deducting the TDS and Advance Tax paid from his total tax liability. Self Assessment Tax (SAT) = Total Tax Liability – Advance Tax – TDS Why … Read more…

Advance Tax – Who Needs to Pay And How?

Advance Tax, as the name suggests is the tax that you pay to the Income Tax Department in ‘advance’ i.e., in the same financial year in which you earn the income. Hence it is also called as ‘Pay as you earn’ scheme of income tax. Let’s learn more about the Advance Tax. Who needs to … Read more…