The Income Tax Portal has been updated with a new development. When selecting Assessment Year (AY) 2024-25, the system will automatically display “Advance Tax (100)” as the first option. Similarly, when choosing AY 2023-24, the system will show “Self-Assessment Tax (300)” as the first option. This enhancement aims to save time for taxpayers and reduce the likelihood of errors. Two images related to this update are also provided.



Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.
