Self assessment tax payment

Nischal Shetye (Asst. Manager - Finance)   (46 Points)

16 August 2014  

Hi,

I have missed the date for filing of ITR for FY 13-14 (AY 14-15) i.e. 05 Aug 2014.

As i calculated my taxable income for the above period i noticed that due to change in jobs my TDS on salary was not calculated correctly by my employer/s.

My total tax liability comes to 11,609/- (including tax on FD interest) however TDS deducted by employer/s is 7500/- also TDS deducted on FD as taken from Form 26AS is 1203/-

Therefore total tax payable 11,609/- and tax paid is 8,703/- 

My question is as follows:

1) I need to pay an additional self assesment tax of 2906/- before i can file my ITR. which form to use for payment of tax? can i pay it online or thru net banking?

2) In case i decide to pay by 31 August 2014 how much interest is attracted on 8703/- and under which section?

3) In case i pay in September 2014 does the interest amount change? if yes what will be the amount then?

4) After payment of my dues (tax plus interest) should i file my ITR in the same month ie. Aug or Sep as the case may be above?

Appreciate a prompt response please

Thank you