How to Pay income Tax online Secure and Quick

Pay Taxes Online – e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of the Authorized Banks.

However, the credit card company records expenditures as high-value transactions and may report it in AIR. Or, you may have received a large sum as a gift but missed reporting it in the return. Such expenses can raise taxman’s suspicion but if you have documentary evidence, you should not get flustered. “Taxpayers should preserve the relevant bills and documents to explain the transaction in case of an enquiry from the tax department

 

Follow The Steps Below Carefully

Step-1

To pay taxes online, login to http://www.tin-nsdl.com > Services > e-payment : Pay Taxes Online or click here on the tab “e-pay taxes” provided on the said website. Provide proper link of e-payment

Step-2

Select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284 or Form 26 QB demand payment (only for TDS on sale of property) as applicable.

Step-3

Enter PAN / TAN (as applicable) and other mandatory challan details like accounting head under which payment is made, address of the tax payer and the bank through which payment is to be made etc.

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Step-4

On submission of data entered, a confirmation screen will be displayed. If PAN / TAN is valid as per the ITD PAN / TAN master, then the full name of the taxpayer as per the master will be displayed on the confirmation screen.

Step-5

On confirmation of the data so entered, the taxpayer will be directed to the net-banking site of the bank.

Step-6

The taxpayer has to 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.

Step-7

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.

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Be Careful on False 80C and other Tax Exemptions:

Income tax department allows salaried tax payers to claim tax exemption u/s 80C while filing income tax returns even if they had not submitted the proof for the same to their employer. Unfortunately, this has been misused by people as while filing ITR NO proof is required. But again, last year a lot of salaried received income tax notices as their Form 16 details from employer did not match with ITR. In reply to these notices people had to attach the relevant proof of 80C exemptions.

4 thoughts on “How to Pay income Tax online Secure and Quick

  1. Hmm is anyone else having problems with the pictures on this blog loading?
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