IT Returns - how to pay income tax

While filing it returns, it showed that I need to pay around 25000 as tax (including penalty). 

Now how do I pay this tax amount? under which challan and which category ?

which type of payment?
(100)advance tax 	
(102)surtax
(300)self assessment tax 	
(106)tax on distributed profits
(400)tax on regular assessment 	
(107)tax on distributed income
Asked 2 years ago in Income Tax from Bangalore, Karnataka
If you have assessed the tax liability , then you need to pay the tax amount under self assessement tax.But if the tax liability is of any other nature, then the category may change.
Shyam Sunder Modani
CA, Hyderabad
1183 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani
Then it is (300) self assessment tax.
Shyam Sunder Modani
CA, Hyderabad
1183 Answers
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  Talk to Shyam Sunder Modani
The question is silent about the asst year for which income tax is being paid. But it says that while filing Income tax return, apparently financial year is over and tax is being paid now, which can be paid as self assessment tax (300).
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale
Again the answer is that it should be paid as self assessment tax (300).
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale
Self Assessment Tax is the tax which is computed by the taxpayer on his own and then deposited with the govt. It shall be paid before the filing of income tax returns.

In your case, if it is self assessment tax , then you can pay the same along with interest or  penalty as applicable.
Shiv Kumar Agarwal
CA, Delhi
197 Answers
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  Talk to Shiv Kumar Agarwal
You will have to pay the tax as self assessment tax.
B Vijaya Kumar
CA, Hyderabad
454 Answers
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  Talk to B Vijaya Kumar

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