To facilitate the payment of various types of income taxes such as self-assessment tax and advance tax, individuals are required to use challan 280, a government form designed for this purpose. According to The Economic Times report, it is important to note that there are two methods available for filling up and submitting income tax payments using challan 280: online and offline.
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The report added even if an individual opts for the offline method, the process begins by downloading the challan from the e-filing Income Tax Return (ITR) portal, which means an initial online step is necessary.
Here’s an overview of the online processes for tax payment using challan 280:
Step 1: Visit the e-filing portal at https://www.incometax.gov.in/iec/foportal. If you haven’t logged into the e-filing ITR portal, you’ll find the ‘e-pay Tax’ button under quick links. If you’re already logged in, the button will be located under the ‘e-file’ section.
Step 2: Clicking on the ‘e-pay Tax’ button will open a new webpage. This page remains the same whether you access it after logging into the e-filing ITR portal or directly without logging in. On this webpage, you need to provide details such as the assessment year (A.Y.) for which you intend to pay income tax and the type of payment (e.g., advance tax, self-assessment tax). Fill in these details and click ‘Continue.’
Step 3: Subsequently, you will be required to enter tax-related information, including the tax amount, surcharge (if applicable), cess (if applicable), etc. In most cases, for advance tax payments, penalties, or cess, you may not need to fill in additional rows; it is typically sufficient to enter the advance tax amount in the ‘Tax’ row.
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Step 4: The next step involves the actual payment of advance tax. At this point, you have two payment options available: online (debit card, credit card, RTGS/NEFT, UPI, net-banking) and offline (bank challan and RTGS/NEFT). Please note that for RTGS/NEFT, the online option is the only one available.