What is regular assessment tax and how is it paid? – TaxArithm

Under the Income-tax Act, every person has the responsibility to correctly compute and pay his due taxes.

After filing a tax return, the Income Tax Department checks it, and if necessary, asks for more details. Once everything is reviewed, is issues an assessment order that states the final tax amount. Along with such assessment order demand is raised by the department of the difference between actual tax amount paid by the taxpayer and final tax amount determined by the department. Such amount of demand is called as Tax on regular assessment.

The tax on regular assessment has to be paid within 30 days of receipt of the notice of demand through income tax challan on "Income Tax Portal" by selecting the head "Tax on regular assessment" with code "400".

Address for portal is as follows :

Income Tax Portal - https://eportal.incometax.gov.in/iec/foservices/#/e-pay-tax-prelogin/user-details

Taxpayers can avail themselves of online payment platforms, ensuring convenience and efficiency. Additionally, conventional methods such as physical payments at authorized banks remain viable options for compliance with the tax liability determined through the assessment process.

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