Self-Assessment Tax#
What is Self-Assessment Tax?#
Self-assessment tax (SAT) is the balance tax payable after considering TDS, advance tax, and other credits.
When is SAT Applicable?#
- After calculating total tax liability
- If tax payable > TDS + Advance Tax paid
- Must pay before filing ITR
How to Calculate SAT#
Step 1: Calculate total income Step 2: Calculate tax on income Step 3: Add education cess Step 4: Deduct TDS/Advance tax paid Step 5: Balance = Self-assessment tax
How to Pay SAT Online#
- Login to income tax portal
- Go to "e-Pay Tax"
- Select "Self-Assessment Tax"
- Choose "Balance Tax"
- Enter assessment year
- Pay via net banking/debit card
Challan Types#
- ITNS 280 (for regular tax)
- Different code for self-assessment
Points to Remember#
- Pay before ITR filing
- Interest may apply if paid after due date
- Keep Challan for records
- Will reflect in Form 26AS