POSTED BY March 11, 2013 12:33 pm COMMENTS (3)
ONHi Guys,
My dad retired from govt service and recieving pension. TDS was not deducted so I want to submit his tax online, which comes out to be 7,000 Rs.
I am filling challan no 280 and Self Asessment tax options, but it says that asessment year would be 2012-2013, I am confused. Am i doing something wrong?
Regards,
Javed
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Assumption 1: FY 2012-2013
Assumption 2: Today’s date is 11 March, 2013 and u r trying to pay tax today
The tax you pay for FY 2012-2013 till March 31, 2013 is called advance tax
The tax you pay for FY 2012-2013 from 1 April, 2013 to 31st July 2013 (last day for filing return) is called self assessment tax.
Hi Ramprakash,
yes i am trying to pay for FY 2012-13.
The salary for the month of March has also come, and no Tax has been given for this year. So how can we say that its an advance tax? Its a tax based on the asessment of all the money that is taxable so it should be asessment tax isint it.
Regards,
Javed
Hi Javed
I am assuming you are trying to pay the tax for FY 2012-2013.
If that is the case, then you should be paying Advance Tax and not Self Assessment Tax.
FY 2012-2013 is same as Assessment Year 2013-2014.
Thanks