Tax payers can make online payment of income tax and other direct taxes applicable by using e-payment facility where income tax payments can be made through internet, using net-banking facility.
To avail of this facility the taxpayer is required to have a net-banking account with any of the Authorized Banks.
Here are different types of direct taxes:
* Challan No. ITNS 280: Income Tax (Advance Tax, Self Assessment Tax, Tax on Regular Assessment, SurTax, Tax on Distributed Profits and Tax on Distributed Income).
Challan No. ITNS 281: Tax Deducted at Source (TDS)/Tax Collected at Source (TCS) from Corporates or Non-corporates.
Challan No. ITNS 282: Securites Transaction Tax, Gift Tax, Hotel Receipts Tax, Interest Tax, Estate Duty Tax, Wealth Tax, Expenditure Tax and Other Direct Taxes.
Challan No. ITNS 283: Banking Transaction Tax and Fringe Benefit Tax.
Steps to pay tax online:-
a) Log on to NSDL-TIN website (www.tin-nsdl.com).
b) Go to "e-payment: pay taxes online"
c) 'Click to pay tax online'
d) Choose the reight challan
After selecting the required challan, you will be directed to the screen (online challan Form) for entering the following data:-
a) PAN for non-TDS payments or TAN for TDS payments
b) Address of the taxpayer
c) Assessment Year or Financial Year
d) Major Head Code
e) Minor Head Code
f) Type of payment (for TDS payments)
g) Select the bank name from the drop down provided
In case of challan no. 280, 282 and 283 the Permanent Account Number (PAN) needs to be entered.
In case of challan no. 281 Tax Deduction/Collection Account Number (TAN) needs to be entered. Please ensure that you enter PAN/TAN correctly, as this is extremely important for further processing.
The system will check the validity of PAN/TAN. In case PAN/TAN is not available in the database of the Income Tax Department then you cannot proceed with the payment of tax.
Click on PROCEED button after entering the data.
(The system will check the validity of PAN/TAN. In case PAN/TAN is not available in the database of the Income Tax Department then you cannot proceed with the payment of tax)
If PAN/TAN is available then TIN system will display the contents you have entered along with the "Name" appearing in the ITD database with respect the PAN/TAN entered by you.
Verify the details entered by you. Incase of changes or correction, click on "EDIT" to correct the same. If all the detail and name as per ITD is correct, click on "SUBMIT"button.
Login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.
On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.