What is self assessment challan?
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Self assessment tax is just like income tax. such tax is paid by the assessee at the time of filing of his/her income tax return i.e. after completing the respective financial year like. if you are liable to pay tax of 6500 for the financial year 01/04/2014-31/03/2015.
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Dear Kruthika,
Self assessment tax is just like income tax. such tax is paid by the assessee at the time of filing of his/her income tax return i.e. after completing the respective financial year like. if you are liable to pay tax of 6500 for the financial year 01/04/2014-31/03/2015. but you have paid the tax on 20/05/2015 than such tax is known as self assessment tax and for the purpose of making payment of self assessment tax use Challan 280. and such challan is known as self assessment challan.
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