Which Challan should I select for online tax payment for my part time work ?

POSTED BY nkumar1 ON March 26, 2014 8:19 pm COMMENTS (3)

Hi,

I am a salaried employee. Apart from that i have earned some part time income (70k) approx which is credited to my account without any other slip. I tried to pay online but get confused which chalan should i fill.

please suggest for paying tax for part time income . (TDS is already deducted from the employer for the job i am doing )

3 replies on this article “Which Challan should I select for online tax payment for my part time work ?”

  1. ashalanshu says:

    Dear Nkumar, it’s advance tax for you hence code is 100.

    Regarding wrong entry you w’d have to contact your Income Tax assessing officer for reversal of wrong entry to correct entry.

    If you pay less, Income Tax people ‘ll ask to pay the remaining. If you pay more, you ‘ll get refund of excess tax after you filed your Income Tax return.

    Thanks

    Ashal

  2. nkumar1 says:

    further i have some more quries :
    1) what will be type of payment i should select in challan from following-
    (100)ADVANCE TAX
    (102)SURTAX
    (300)SELF ASSESSMENT TAX
    (106)TAX ON DISTRIBUTED PROFITS
    (400)TAX ON REGULAR ASSESSMENT
    (107)TAX ON DISTRIBUTED INCOME
    (800)COMMODITIES TRANSACTION TAX

    2) What if someone fill wrong challan and pay tax, can we correct it latter anyway?
    3) the amount i am will pay will be based on self calculation. what will happen if calculated more/less than the actual tax that i should pay as i am not hiring any CA for calculation.

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