Glossary
Self-Assessment Tax
Self-Assessment Tax
Self-Assessment Tax Self-Assessment Tax is the remaining balance of income tax paid by a taxpayer after deducting TDS and Advance Tax from their total tax liability, usually paid at the time of filing the return.
Where it appears in practice
It must be paid before filing the Income Tax Return. If paid after the financial year ends (after March 31), interest under section 234A [VERIFY] may apply for late filing, along with 234B and 234C for shortfalls.
A worked example
If total tax is ₹100,000, TDS is ₹60,000, and Advance Tax paid is ₹30,000, the taxpayer must pay the remaining ₹10,000 as Self-Assessment Tax before submitting their ITR.
Related terms
Let the practice handle it
This term sits inside real compliance work — returns, filings, and deadlines. That work is one of the services the practice runs end to end.
Income Tax Returns