What Is Self Assessment Tax Explained Simply
Understanding what is self assessment tax is important for individuals whose tax liability exceeds TDS or advance tax paid. Knowing how to calculate self assessment tax and how to pay self-assessment tax ensures accurate compliance. This is especially important for freelancers learning how freelancers pay self assessment tax. Understanding the difference between self-assessment tax and advance tax helps avoid confusion. Awareness of mistakes to avoid when paying self assessment tax prevents interest charges and penalties.