What is Self Assessment Tax: How To Pay, Calculate And Download Challan Online

There is no specific due date for the payment of self-assessment tax. But if you don't pay it before filing your return, the income tax department may send you a notice or intimation. You may also have to pay interest or a penalty.

Taxpayers who miss paying a part or full amount of the self-assessment tax will be considered as defaulters (‘assess in default’). The income tax officer will decide how much penalty they have to pay, but it won't be more than the tax payable amount.

Self-assessment tax and advance tax are frequently mistaken for each other. However, they are very different. Advance tax is to be paid in advance in the year in which you earn the income if your tax liability after considering TDS is over Rs 10,000. Whereas the self-assessment tax is to be paid in the next year before, i.e. the assessment year, before filing the tax return.

Yes, you can pay self-assessment tax in instalments. But remember to make the complete payment before filing the ITR.

Yes, you can pay self-assessment tax offline. Follow the below steps:

1. Visit your bank branch and request a Challan 280 form. 
2. Fill in the required details and submit it at the bank's counter along with the payment.
3. After payment, the bank official will provide you with a receipt. Keep this receipt safe as proof of payment. 
4. It may take up to 10 days for the payment to reflect in your Annual Information System(AIS). The payment should be listed as 'Self-assessment tax' in your AIS.

As per the normal process, it takes 3 to 4 days for different banks to provide information to the department. Post that, it gets prefilled in the Tax-returns/Pre-filled JSON. Taxpayer may opt to wait for required time-period for auto reflecting details of the Taxes paid in ITR. Alternatively, in such cases where taxpayer has already filled in additional details over and above the pre-filled details, such payment details can be entered manually after clicking on ‘Add Details’ link for Advance Tax and Self-assessment Tax Payment details under Schedule “Taxes Paid”.

All direct taxes can be deposited any time (24X7) electronically (E-payment mode) by using internet banking or debit card.

Yes, you can make your tax payment over the counter or through RTGS / NEFT at your bank branch. Using the Make payment offline service, you will be able to download a Challan Form / Mandate Form for the challans already generated and saved under the Generated Challans tab.

Yes, You are required to make the tax payment within 15 days from generation of challan (i.e. 15 Days from the date of CRN generation). 

Yes. Cash transaction is allowed for an amount up to ₹10,000/- per CRN.