Advance Tax vs Self-Assessment Tax#
Advance Tax#
- Paid during financial year
- Quarterly installments
- For tax liability above ₹10,000
- Due dates: June, Sept, Dec, March
Self-Assessment Tax#
- Paid at year end
- Balancing payment after ITR calculation
- Before ITR filing
When to Pay?#
Advance Tax#
- Regular taxpayers
- Business income
- Capital gains
Self-Assessment Tax#
- Salary with TDS
- Balance tax after credit
How to Pay#
- Through tax portal
- Challan 280
- Net banking
Conclusion#
Both ensure timely tax payment.