Implications if I use advance tax head ( 100) instead of self assessment tax (300)

s. siva kumar (Finance Executive) (27 Points)

30 April 2020  

Hi,

This is related individual asessee  only "salary Income"

could you please guide me...........due to  this Covid -19 lock down i could not get my tax calculation details from my employer which i recently left, about the TDS deducted  for the AY 2020-21 & the Gross income calculation...

1)Hence , i did one approx calculation from my side &  felt i will have to pay  approx 40% of my total tax liability. My concern is now we already at 30th April' 2020, iam willing to pay some tax towards the income tax (lump sum), under what head i should pay it , should it be as advance tax (100) or Self assessment tax ( 300) ?what would be the implications if there is mistake while selecting the head? 

2) Any idea that there is extension of due date for advance tax payment for AY 2020-21 till 30th June '2020 ? If yes will there be any interest on  it considering it is as  delayed payment ?

Note :- why i have a doubt if i  can pay it as advance tax (100) ,  there is scrolling  showing in the website "NSDL SITE, "PURSUANT TO COVID-19 RELIEF  MEASURES ITD HAS NOW PERMITTED TAX PAYERS TO PAY ADVANCE TAX FOR 2020-21 AS WELL TILL 30TH JUNE 2020"

Thanks in advance

Siva