Missed the Last Advance Tax Date? Here’s How to Pay Self-Assessment Tax Before Filing ITR!

Why This Is Timely:
March 15 was the last date for paying advance tax, but many taxpayers (especially freelancers, investors, and high earners) miss it. The good news? You can still pay Self-Assessment Tax before filing your ITR — and avoid bigger penalties.

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1. What Is Self-Assessment Tax?

• It’s the final tax payment you make before filing your return, to cover any shortfall in TDS or advance tax
• Needed if your total tax liability > TDS + advance tax already paid

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2. How to Calculate It?

• Total income tax (based on regime)
• Minus: TDS already deducted (check Form 26AS)
• Minus: Advance tax already paid (if any)
• = Balance amount = Self-assessment tax

Also add interest under Sections 234B & 234C, if advance tax was missed

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3. How to Pay It Online (Step-by-Step):

1. Go to https://incometax.gov.in
2. Click on e-Pay Tax
3. Choose “Other Receipts – 300” → “Self-Assessment Tax” (Minor Head 400)
4. Enter PAN, assessment year (2025–26), and payment details
5. Pay via net banking, UPI, debit card, etc.
6. Save challan receipt to upload during ITR filing

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4. What Happens If You Don’t Pay?

• Return will show “tax payable” → Not processed
• Refunds (if any) will be blocked
• You’ll be liable for additional interest + notice under 139(9) (defective return)

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5. Where to Show It in ITR?

• While filing, go to “Tax Paid and Verification” section
• Enter Challan Number, Date, Amount
• ITR will auto-adjust your final tax position

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Social Caption:
Missed advance tax? Don’t worry — just pay self-assessment tax before filing your ITR. Here’s the step-by-step guide to do it right.

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Want the next one on “How Interest Under Sections 234A, 234B & 234C Is Calculated” or “Can I Still File ITR if I Miss Paying Self-Assessment Tax?”