Self Assessment Tax explained in simple manner with charts and diagrams

Self Assessment Tax  alongwith interest is required to be deposited before furnishing the return of income and the proof of such payment should be attached with the return of income.

Note 1: Where the amount paid by the assessee under section 140A is less than the amount required to be paid under section 140A, then the amount so paid shall be first adjusted towards the interest aforesaid and the balance towards the tax.