Step-by-Step Guide on How to Pay Income Tax That is Due

Step 1: Select Challan 280

Go to the tax information network of the Income Tax Department and select Challan 280.

Click here to go to the goStep 1: Select Challan 280

Step 2: Enter Personal Information:

  • Tax Applicable:  (0021) Income Tax (Other than Companies)
  • Permanent Account No: 
  •  Please choose the Assessment Year correctly
  • Full Name, Address, email, Mobil etc
  • Type Of Payment*
    (300) Self Assessment Tax.

Step 3: Double Check Information

You will be redirected to the net banking page. Double check the information entered here and enter the income tax amount to be paid in the income tax field.

Tip: You can leave surcharge, education cess, interest and penalty blank.

Step 4: Check Receipt (Challan 280)

This is your Challan 280. You will be able to see details about your payment on taxpayer’s counterfoil. Add BSR code and challan number on the right.

Self-Assessment Tax

Your income tax return cannot be submitted to the Income Tax Department unless you have paid tax dues in full. Sometimes, you may see tax payable at the time of filing your return. This tax amount must be paid online, so that return is successfully e-filed afterward. Usually, interest under section 234B and 234C will also have to be paid along with your tax due, if you are paying tax after 31st March.

 

assuredgain

Promoter & Certified Personal Financial Advisor(CPFA) at AssuredGain Wealth and Financial Planners (P) Ltd, a financial planning and wealth management company in Chennai. I hold certification from “The Options Institute” (Chicago Board Options Exchange). I have also completed NSE’s Certification in Financial Markets (Options Trading Strategies Module) and CMP(Certified Market Professional) from NSE.

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