Tips on how to pay earnings tax on-line or deposit challan at banks


You might have crammed up your ITR kind after which discover out that you must pay a specific amount of earnings tax that’s due. The taxpayer can do it each on-line and offline. The web option to deposit earnings tax provides lots of comfort. The taxpayer can deposit earnings tax offline at designated branches of banks by filling up Challan 280 or on-line by means of Earnings tax division e-Submitting web site. Challan No. ITNS 280 is used for fee of earnings tax. Keep in mind which you can submit your ITR solely after you pay earnings tax that’s due.

Tips on how to pay earnings tax offline

For those who pay the earnings tax that’s due offline, obtain Challan No 280 kind from Earnings Tax Division web site. Tick “(0021) Earnings tax (aside from firms) beneath Tax Relevant.

Fill in related particulars corresponding to tax quantity, 12 months of evaluation, deal with and PAN. Keep in mind to gather the challan receipt, which ought to have the 7-digit BSR code of the financial institution department, date of deposit of challan, and challan serial quantity. These particulars should be quoted in your earnings tax return.

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Challan 280 kind

Tips on how to pay earnings tax on-line

To pay earnings tax on-line, go to the earnings tax division’s e-filing web site. On the choose “e-Pay taxes” choice, earnings tax division has additionally launched a Fast ITR Submitting choice. Whenever you fill within the ITR kind, you robotically get the ePay choice there.

These hyperlinks will take you to the Nationwide Securities Depository Ltd’s web site, the place you should choose “Challan no./ITNS 280″. Beneath the pinnacle “Tax Relevant” select “(0021) Earnings tax (aside from firms)”.

Watch: Did you meet your Type 26AS but?

Then, beneath the pinnacle “sort of fee”, choose “(300) Self Evaluation Tax”. Fill in all the main points—PAN and different particulars and choose the evaluation 12 months for which you make the fee.

A snapshot of National Securities Depository Ltd’s tax payment website

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A snapshot of Nationwide Securities Depository Ltd’s tax fee web site

You possibly can selected web banking or debit card modes to make the fee. On profitable fee, a challan counterfoil will probably be displayed. It will have particulars corresponding to tax paid, BSR code of the financial institution department, date of deposit of challan, and challan serial quantity. It can save you the challan as a doc as nicely. You possibly can fill in these particulars in your ITR kind and submit the shape after verifying it.

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