Read more about Tax filing @ http://tips4ufromsony.blogspot.com/2011/07/income-tax-process-and-e-filing.html . If you are a salaried person there is tax deduction at source (TDS), which takes care of the tax payments for your salary. At the same time, there will be additional liabilities for income like interest on deposits, bonds and even capital gains which might require you to pay Advance Tax. Advance tax has to be paid in several installments in September, December and March. Self-assessment tax is the difference between the tax paid and the tax payable.You can figure out the self-assessment tax amount when you make the final income tax calculation. There is no specific date for paying this tax but it has to be done before you file your income tax return so that no further amount of tax remains to be paid. While computing advance tax, income-tax on the current income has to be first determined and the tax on such income has to be determined. As per section 208, advance tax s
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