Advance Tax or Self Assessment Tax

Share This Thread
  1. AKD

    AKD Member

    I am a senior citizen having income only from pension and bank fixed deposits and nothing else.
    So, I am not required to pay any advance tax. But, if I want to pay a portion of my estimated tax liability for FY 2017-18 corresponding to AY 2018-19 before 31.03.2018, how should I define it in IT challan 280? Advance tax or self-assessment tax?
    Kindly inform me.
  2. Nikil Mohan

    Nikil Mohan Member

    You can please mention it as Advance tax since you are paying before 31.3.2018.
Draft saved Draft deleted
Similar Threads Forum Date
How can a Salaried Employee pay Advance Tax himself Income Tax Mar 28, 2016
Advance tax vs Self Assessment tax Income Tax Mar 14, 2016
Advance Tax Income Tax Jan 14, 2018
Advance to Employees in Cash exceeding 20,000/- Tax and penalty provisions regarding Income Tax Jul 6, 2017
Income Tax against Advance Money Income Tax Apr 17, 2017