Self Assessment tax

Income Tax || Self Assessment tax

Self Assessment Tax →

Upon filing your income tax return, any TDS (Tax Deducted at Source) or advance tax paid during the financial year is offset against your total tax liability. If a balance remains due after this, it is classified as self-assessment tax.
This tax must be paid after the financial year has ended but prior to submitting your income tax return. Prompt payment of self-assessment tax ensures compliance and helps avoid penalties or interest charges.

To Enter Self Assessment Tax Details in the Software :
  1. Navigate to "Transactions → Tax Detail".
      
  1. Click on the Self Ass. Tax button.
      
  1. Enter the required information, including: Date, Amount, Challan No., Bank Name, Branch Name, BSR Code
  2. Save the details.

Note:
These details are also available in the Annual Information Statement (AIS). After importing the AIS data, relevant information will be automatically fetched from the Insight-Reporting Portal.

For AIS Import :  Please follow the steps in the AIS IMPORT PROCESS.

This guide should clarify the steps for data entry and AIS portal import.

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