Unable to complete your ITR filing?
Taxpayers can pay Income Tax online through the e-Pay Tax facility available on the Income-tax e-Filing portal. This facility can be used for payments such as Advance Tax, Self-Assessment Tax, tax on regular assessment and other applicable Income-tax payments.
This guide explains the step-by-step process to pay tax online through Net Banking.
Before you start: Keep your PAN, mobile number, Assessment Year, tax payment type and tax amount breakup ready. You may also need access to your bank’s net banking facility to complete the payment.
Steps to Pay Income Tax Online
Step 1: Go to the Income-tax e-Filing portal
Visit the Income-tax e-Filing portal at www.incometax.gov.in and click on e-Pay Tax.
Step 2: Enter the required details
On the e-Pay Tax page, enter the required details such as PAN/TAN, confirm PAN/TAN, mobile number and other applicable information. Then click on Continue.
Important: Enter the PAN carefully. Payment made under a wrong PAN may not reflect correctly in your tax records.
Step 3: Complete OTP verification
On the OTP Verification page, enter the 6-digit OTP received on the mobile number entered in the previous step. Then click on Continue.
Step 4: Confirm PAN/TAN details
After OTP verification, a success message will be displayed along with your PAN/TAN and masked name. Verify the details and click on Continue.
Step 5: Select the Income Tax payment option
On the e-Pay Tax page, click on Proceed under the Income Tax card.
Step 6: Select Assessment Year and payment details
Select the applicable tax payment title, Assessment Year, minor head and other required details. After selecting the correct options, click on Continue.
Common minor heads:
- 100: Advance Tax
- 300: Self-Assessment Tax
- 400: Tax on Regular Assessment
Step 7: Add tax breakup details
On the Add Tax Breakup Details page, enter the breakup of the tax amount. This may include tax, surcharge, cess, interest, penalty or fee, as applicable. Then click on Continue.
Tip: If you are paying Self-Assessment Tax before filing ITR, first check the final tax payable in your return summary and then enter the correct breakup on the e-Pay Tax page.
Step 8: Select payment mode
On the Select Payment Mode page, select Net Banking. Then choose your bank from the available options and click on Continue.
Step 9: Preview and make payment
On the Preview and Make Payment page, carefully verify all details, including PAN/TAN, Assessment Year, minor head, tax amount and breakup details. If everything is correct, click on Pay Now.
Check before payment: Assessment Year and minor head are very important. A wrong selection may create mismatch in your tax payment records.
Step 10: Accept terms and submit to bank
Read and accept the Terms and Conditions. Then click on Submit to Bank. You will be redirected to the selected bank’s website. Log in to your net banking account and complete the payment.
After Successful Payment
After successful payment, you will receive a confirmation on your registered email ID and mobile number. You should download and save the Challan Receipt for future reference.
Save your challan: The challan receipt is important while filing your Income-tax Return. It may also be available later under the Payment History tab on the e-Pay Tax page.
What details should be checked on the challan receipt?
After downloading the challan receipt, verify the following details:
- PAN or TAN
- Name of taxpayer
- Assessment Year
- Minor head
- Amount paid
- Bank name
- Challan Reference Number or payment reference details
- Date of payment
Common mistakes to avoid
- Selecting the wrong Assessment Year.
- Selecting the wrong minor head, such as Advance Tax instead of Self-Assessment Tax.
- Entering the wrong PAN or TAN.
- Entering an incorrect tax breakup.
- Not saving the challan receipt after payment.
- Filing the return without updating the tax paid details, if required.
Conclusion
The e-Pay Tax facility on the Income-tax e-Filing portal allows taxpayers to pay Income Tax online in a simple manner. While making the payment, carefully check the PAN, Assessment Year, minor head and amount breakup before proceeding.
After successful payment, download the challan receipt and keep it safely. If you are filing your ITR after making the payment, ensure that the tax payment details are correctly reflected or entered in your return.
FAQs
1. Where can I pay Income Tax online?
You can pay Income Tax online through the e-Pay Tax facility available on the Income-tax e-Filing portal at www.incometax.gov.in.
2. Can I pay Self-Assessment Tax through e-Pay Tax?
Yes. You can pay Self-Assessment Tax through the e-Pay Tax facility by selecting the correct Assessment Year and minor head.
3. What is the minor head for Self-Assessment Tax?
The commonly used minor head for Self-Assessment Tax is 300.
4. What is the minor head for Advance Tax?
The commonly used minor head for Advance Tax is 100.
5. What should I do after making the payment?
Download the challan receipt and keep it safely. If you are filing your ITR, make sure the tax payment details are correctly reflected or entered in the return.
6. Where can I find my challan later?
You may check the Payment History tab on the e-Pay Tax page on the Income-tax e-Filing portal.
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