How to pay income tax online?

Here is the detailed information to help you undergo the online tax payment process.

Online payment of income tax is quite beneficial, and it helps to save a lot of time. As digitalisation is spreading rapidly, online income tax payment provides many benefits. 

 

Income tax online payment: Benefits

The online tax payment procedure provides the benefits mentioned below:

  • When you are going for the online tax payment, you can pay it whenever or wherever you want to pay. It will be easy for you to pay via any net banking account.
  • When you pay the income tax online, the tax amount will be directly transferred to the tax department.
  • You can fill out the form on your own. The data will be sent to the Income Tax Department directly.
  • When you complete the online payment, you can save your challan and receipt copies. 
  • When the online payment starts, you will get a legal copy or receipt from your bank.
  • You can check your e-payment transaction in your account statement.
  • You can check whether your money has reached the Income Tax Department. 

 

How to pay income tax online?

Here is the detailed process of paying your income tax online.

  • Go to the Income Tax Portal.
  • On the homepage, find the ‘Quick Links’ section on the left side.
  • Click on ‘e-Pay Tax’ or use the search bar to locate ‘e-Pay Tax’.
  • Enter your PAN and re-confirm it.
  • Provide your mobile number and click ‘Continue’.
  • Enter the 6-digit OTP received on your mobile and click ‘Continue’.
  • Select the first box labeled ‘Income Tax’ and click ‘Proceed’.
  • From the ‘Assessment Year’ dropdown, choose the financial year for which you’re paying tax.
  • Under ‘Type of Payment’, select ‘Self-Assessment Tax (300)’ and click ‘Continue’.
  • Enter the accurate payment amounts under the relevant categories.
  • Choose the payment method and bank for tax payment and press ‘Continue’.
  • Payment options include internet banking, debit/credit card, RTGS/NEFT, UPI, or payment at the bank counter.
  • Preview the challan details after clicking ‘Continue’.
  • Double-check the payment information for accuracy.
  • Click ‘Pay Now’ to make the payment or ‘Edit’ to modify details.
  • Tick the checkbox to agree to the Terms and Conditions.
  • Click ‘Submit To Bank’ to proceed with the payment.
  • You will receive a confirmation once your tax payment is successfully submitted.

 

Income tax online payment NSDL: Correction in case of wrong information

In case you think that you have made any mistake in the challan payment, you can change a few fields. Those are

  • Assessment year
  • TAN and PAN number
  • Nature of the payment 
  • The total amount of tax
  • Major head code
  • Minor head code

 

FAQs

Can I pay my income tax online?

Yes, it is possible to pay your income tax online.

How can I download my challan from NSDL?

What are the charges for the NSDL mode of payment?

Net banking-based payment will charge Rs 4 per transaction, and card-based payment will charge 1.8% per transaction.

What is the complete name of the NSDL?

The complete name of NSDL is National Securities Depository Limited.

In which ways can income tax payments be made?

Income tax payments can be made online and offline, and you must visit the TIN NSDL website for details.

Can I get any assistance while getting into trouble with tax payments?

If you face any problems while paying the tax online, you can contact the assistance centre at 1800-222-080.

Was this article useful?
  • 😃 (0)
  • 😐 (1)
  • 😔 (0)

Recent Podcasts

  • Keeping it Real: Housing.com podcast Episode 45Keeping it Real: Housing.com podcast Episode 45
  • Keeping it Real: Housing.com podcast Episode 44Keeping it Real: Housing.com podcast Episode 44
  • Keeping it Real: Housing.com podcast Episode 43Keeping it Real: Housing.com podcast Episode 43
  • Keeping it Real: Housing.com podcast Episode 42Keeping it Real: Housing.com podcast Episode 42
  • Keeping it Real: Housing.com podcast Episode 41Keeping it Real: Housing.com podcast Episode 41
  • Keeping it Real: Housing.com podcast Episode 40Keeping it Real: Housing.com podcast Episode 40