e-Payment - Pay Your Income Tax Online

Friends,

The last date to file your Income Tax return is running. It should be filed by 31.07.2011. If after calculating tax there is any tax liability on your side then you can deposit your Income Tax on line. No need to rush for Bank.

Procedure for e-payment:
1.     To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.

2.     Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.

3.    If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.

4.    On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.

5.     The taxpayer will 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.

6.    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.

CHALLAN NO./ITNS 281  (For Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporates)

CHALLAN NO./ITNS 280     (payment of Income tax & Corporation Tax)
 

CHALLAN NO./ITNS 282  (payment of Security Transaction Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax /Other direct taxes & Gift tax)

CHALLAN NO./ITNS 283     (payment of Banking Cash Transaction Tax and Fringe Benefits Tax) 

Here is the List of Authorised Banks which provides the facility to deposit your Tax ONLINE.

Authorized Banks:

        Allahabad Bank
        Andhra Bank
        Axis Bank
        Bank of Baroda
        Bank of India
        Bank of Maharashtra
        Canara Bank
        Central Bank of India
        Corporation Bank
        Dena Bank
        HDFC Bank
        ICICI Bank
        IDBI Bank
        Indian Bank
        Indian Overseas Bank
        Jammu & Kashmir Bank
        Oriental Bank of Commerce
        Punjab and Sind Bank
        Punjab National Bank
        State Bank of Bikaner & Jaipur
        State Bank of Hyderabad
        State Bank of India
        State Bank of Mysore
        State Bank of Patiala
        State Bank of Travancore
        Syndicate Bank
        UCO Bank
        Union Bank of India
        United Bank of India
        Vijaya Bank 

Make your e-Payment here