online income tax payment
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Income tax dept allows you to make Income tax &
Corporation Tax payments through online. Internet payment is easy and safe method. Now a days companies/firms etc pay Income Tax & Corporation tax for every year through cheques. Cheques payment is long and late process and required man power. If you use Income Tax & Corporation tax payment through online, you can save lot of time and complete the payment with out fail.
ADVANTAGES OF E-PAYMENT
- No need to fill forms and cheques.
- Cheques, cash deposit is not required. so you can reduce your long process transactions and save your valuable time. [Eg: Cheque preparation, Chque signing]
- Went to bank and waiting for acknowledgment
- Cheques payment takes more time than online payment. so there may be chances to penalty for late payments. So you can reduce penalty and Interests for online payment.
- You can complete payment with in 5-10 mins.
- You can make payment at any time (24X7). the NSDL website allows you to make payment at any time. But some banks fixed cutoff time. so check your company/firm.. bank's website for this information.
- You can also make payment from other persons net-banking account.
HOW TO PAY ONLINE E-PAYMENT
(CHALLAN 280 - Payment of Income Tax & Corporation Tax)
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Step-1:
Click/Visit the following link.
https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp
Click on "CHALLAN NO./ITNS 280"
Step-2:
Fill the mandatory* fields.
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A)
Select (0020) Corporation Tax (Companies)
or
(0021) Income Tax (Other Than Companies)
Eg:
Select 0020, If you pay income tax for Pvt, Ltd companies..
Select 0021, If you pay income tax for firm, partnership firm, proprietorship firm..
B) :Enter your company/firm.. 10 digit PAN number.
C) :Select Assessment year
Eg: If you pay Income Tax for FY 2015-16, select this filed as A.Y: 2016-17/ etc....
D) :Enter you company/firm.. city, Postal Code and select state.
E: Select (300) Self Assessment Tax
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F) : Select Mode of Payment
Eg:
- If you pay through Net-Banking, Select Net-Banking and select Bank Name
- If you pay through Debit Card, Select Debit Card and Bank Name (Note: As of now SBI only accepted Debit Card Payments)
G) :Enter verification code
H) :Click on Proceed button
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I) :Verify Your PAN Number, A.Y, Address.. then Click on Submit To the Bank
Step-3:
Enter Net-banking UN & PW/ SBI Debit card details and follow next steps as per banks requirements.
After complete the e-payment, save receipt. It is useful when income tax return filing
Thanking you
G.Srinivas
Also Read
Nice article.
ReplyDeleteIncome Tax Return may be defined as a document providing the tax collector information about the taxpayer’s tax liability. Taxpayers who are earning more than 5 lakhs taxable income is mandatory for E-filing of income tax return. Income tax is basically a percentage of income that is paid to the government.
File your Income Tax Return Online with ITR Filing portal by Legalraasta.
Thanks