Self Assessment 2024. Self assessment tax is the portion of tax paid by individuals on their taxable income that is not subjected to tds (tax deducted at source) or advance tax payments. Most of the income tax changes announced in july 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (itr) in july.
Report your income and claim tax reliefs and any repayment due to you using the sa100 return. How to report profit on your self assessment tax return from 2023 to 2024 if your accounting year does not end on or between 31 march to 5 april.