TheTaxHeaven Dictionary - Know the meaning of tax

Self Assessment Tax

To submit your income tax return, you must pay all tax dues. If you see tax payable when filing your return, you can pay this online or via an offline challan [bank deposit with details like BSR Code, Challan Date, Deposit Amount]. If you're paying tax after the due date, you'll also need to pay interest under section 234B and 234C.