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Indira Panda   22 January 2016

Self assessment tax on bank interests

For the A.Y 2014-15 I had deposited an amount of rupees 13190/- for self assessment tax on the accrued bank interest in SBI on 30-07-2014. 

The tax has been deposited in Major Head:INTEREST TAX[0024] and Minor Head : SELF ASSESSMENT TAX[300]. 

Is it the wrong head for paying self assesment tax on bank interests? 

What are the correct Major and Minor Heads? 

What should I do to rectify this mistake as I have been intimated by IT Dept that the tax deposited by me is Unmatched Tax and I have to pay that amount again. 

Regards,
Indira



Learning

 1 Replies

R K JAIN (Advocate)     03 February 2016

Contact to your ITO.


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