Procedure for Paying Income Tax (Advance Tax/Self Asst. Tax) Online

epayment income taxStep 1: Visit TIN-NSDL Portal for E-Payment of Taxes by following this link https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp

 

Step 2: Click on Challan No. / ITNS 280

 

Step 3:

    • Fill in your PAN, Name, Address and while choosing type of payment, if you are paying income tax for the financial year 2012-13 (asst. year 2013-14) all the installments paid on or before 31st March 2013 will come under “(100) Advance Tax” type, taxes paid on or after 1st April 2013 for the said financial year i.e., 2012-13 (asst. year 2013-14) will come under (300) Self Asst. Tax type.
    • You need not enter the tax amount in this window, it can be entered in the next window i.e., on Bank’s Site

 

Step 4: You need to choose your bank’s name for which you have Internet Banking Facility. Currently there are about 30 Banks* (Which may change from time to time) list of which is as below:

      1. Allahabad Bank
      2. Andhra Bank
      3. Axis Bank
      4. Bank of Baroda
      5. Bank of India
      6. Bank of Maharashtra
      7. Canara Bank
      8. Central Bank of India
      9. Corporation Bank
      10. Dena Bank
      11. HDFC Bank
      12. ICICI Bank
      13. IDBI Bank
      14. Indian Bank
      15. Indian Overseas Bank
      16. Jammu & Kashmir Bank
      17. Oriental Bank of Commerce
      18. Punjab and Sind Bank
      19. Punjab National Bank
      20. State Bank of Bikaner & Jaipur
      21. State Bank of Hyderabad
      22. State Bank of India
      23. State Bank of Mysore
      24. State Bank of Patiala
      25. State Bank of Travancore
      26. Syndicate Bank
      27. UCO Bank
      28. Union Bank of India
      29. United Bank of India
      30. Vijaya Bank

Alternatively: If you do not have internet banking option or choose not to do it online you can always download the physical advance tax challan here, fill it up and head to any bank for paying.

Step 5: After filling in all the details, a confirmation screen will be displayed. If you confirm the data entered in the challan, it automatically directs to the net-banking site of the bank you chose.

If you are looking to calculate your Advance Tax amount then you can use our Advance Tax Calculator utility 

Step 6:  Then you need to login to the net-banking site (which was automatically opened after step 5) with the user id/ password as provided by your bank for net-banking purpose and enter payment details at the bank site.

 

Step 7: On successful payment, a challan counterfoil will be displayed which contains CIN and payment details. This counterfoil is proof of payment being made (Details appearing in this counterfoil are to be entered in Income Tax Return)

 

Have questions? need answers? don’t hesitate to comment here in the comment section. We would be happy to answer your questions.

 

 

 

Dilip Kumar

+Dilip Kumar (Author and Editor of The Tax Info) is a CA Student from Hyderabad, Loves Blogging on Tax related matter.

You can Subscribe for his updates on Facebook & Google+

 

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