Salaried individuals generally do not worry about timely payment of Advance Income tax because their employers deduct taxes on their behalf and submit to the government on time. However, businessmen and professionals need to voluntarily assess their Income tax liability and pay Income Tax online in the form of Advance Tax. Even those salaried individuals who have some sources of income other than salary, need to pay Advance Tax timely to avoid late payment fees/ penalties.
By following the steps given below, you can easily pay your income tax online:
A. Government has made e-filing mandatory for all the taxpayers who fall in any of the below mentioned categories:
A. Generally, salaried people do not need to worry about paying taxes as their employers deduct taxes from their salary in the form of TDS. However, people with professional or business income need to pay their tax themselves in the form of Advance Tax. A person whether salaried or not also needs to pay Income Tax himself if a demand is raised from the tax department due to the insufficient payment of tax.
[ Read: Advance Tax Payment Rules ]
A. These days, almost all the major banks have online payment facility. However, if your bank does not have an online payment facility or is not an authorised bank for e-tax then you have another option to pay tax online. You can use the bank account of any other person for this job if that account belongs to any authorised bank having an online facility. However, the challan you generate to make such payment must indicate your PAN clearly.
A. You can pay taxes from any location using the netbanking facility of your bank.
A. Generally, banks provide a facility for re-generation of electronic challan counterfoil, so you don’t need to worry if you misplaced or lost the original counterfoil. You can check your bank’s website for this option. If your bank’s website does not provide this option, then you should directly contact your bank & request for a duplicate challan counterfoil.
A. You can verify the status of the challan in the “Challan Status Inquiry” at NSDL-TIN website after 5 to 7 days of making e-payment. In case of non-availability of the challan status, kindly contact your bank.
A. If you encountered any error on e-tax website, you should contact TIN call centre at 020-27218080 or write an email to TIN. Write the subject of the email as Online Payment of Direct Tax.
A. The problem may be encountered because of the following:
Reason 1: If the error occurs due to incorrect entry of TAN/PAN in challan data entry screen.
Reason 2: If the error occurs due to issue with Internet Explorer browser. To solve this problem, the temporary internet files should be deleted. You can do so by following the given steps:
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