Income Tax Challan 280 Online Payment
- Bhavika Rajput
- 11 hours ago
- 8 min read
Every person has a vital duty to pay taxes, which supports the country's growth. Technology has transformed the tax payment procedure in India, making it easier and more convenient. Challan 280 is a form used for various types of income tax payments. It provides a detailed tutorial on how to utilise it to make an online income tax payment. Taxpayers can save time and effort and effectively fulfil their civic responsibility by adopting digital solutions.
Table of Contents
What is Challan 280?
When it comes to income taxes, there are several types to consider, including self-assessment tax, periodic assessment tax, advance tax, surtax, and tax on scattered income and profit. Taxpayers can easily remit these taxes using Challan 280. The form's alternating abbreviation is "ITNS 280." If you pay your taxes electronically or manually, you must use Challan 280 at the time of payment. If you have chosen the offline option, you will have to pay at a bank branch after displaying the form. However, if you decide to pay online, you must navigate to the TIN NSDL website to complete the transaction.
Different Types of Challan for Tax Payments
Customers have the convenience of paying their income taxes online with the various challan varieties listed below. To ensure accurate and timely payment, it is crucial to choose the appropriate challan according to the type of tax liability:
Challan 280: This is the most widely used challan for income tax payments. Paying income taxes is its primary goal.
Challan 281: This challan enables the payment of taxes that are either collected at source (TCS) or deducted at source (TDS). Taxpayers who must deduct or collect taxes at the source on behalf of the government use it.
Challan 282: The payment of advance tax, self-assessment tax, and regular assessment tax occurs on Challan 282. For their tax payments, individuals and non-corporate taxpayers who are exempt from the requirement to deduct or collect taxes at the source may utilize this challan.
Challan 283: This challan serves to pay the wealth tax. However, it's essential to keep in mind that the wealth tax ended beginning with the assessment year 2016–17.
Challan 284: The collectors use this Challan to deposit TCS when certain products, including scrap and minerals, are sold.
Challan 285: The IDS tax gets paid via the Income Declaration Scheme (IDS) Challan. For a limited time, people report and pay taxes on unreported income using the IDS Challan.
Steps to Pay Your Income Tax Online with Challan 280
Step 1: Go to the website of TIN NSDL.
Step 2: Pick "e-payment: Pay Taxes Online" under "Services."
Step 3: Select the option labeled "INCOME TAX & CORPORATION TAX (CHALLAN 280)."
Step 4: It will show a form on the page. You have 30 minutes to fill this.
Step 5: To access "(0021) Income Tax (Other than Companies)," click on it.
Step 6: Out of the six available "Type of Payment" options, select your preferred one, including (300) Self-Assessment Tax.
Step 7: Decide on your "method of payment." You can choose to pay using the bank's debit card or online banking.
Step 8: Enter the assessment year and your PAN. The assessment year for the 2024–2025 fiscal year will be 2025–2026.
Step 9: Enter your personal information, including your registered email address, residential address, and mobile number.
Step 10: After entering the CAPTCHA code, click "Proceed."
Step 11: Check and confirm all of the displayed tax payment information.
Step 12: Ensure your name is spelled the same way on your PAN as it is on the screen.
Step 13: By checking the "I agree" box next to the statement "Consent is provided to NSDL e-Gov," you are granting the NSDL e-Gov your consent.
Step 14: Tap the "Submit to the Bank" option.
Step 15: Open your Net Banking account and log in.
Step 16: Make the payment after entering information such as the tax amount and interest amount. If the transaction finishes successfully, you will get your "tax challan receipt." This receipt offers proof of payment for you.
It is an approach for submitting income taxes using Challan 280. For future use, remember to keep the payment receipt or snap a screenshot of it. It is also advisable that you verify all of the information you input online.
Steps to Download Challan 280 (Offline)
Step 1: Navigate to Income Tax India's official website at www.incometaxindia.gov.in.
Step 2: Select the 'Forms/Downloads' option from the top menu on the home page.
Step 3: Select 'Challans' from the 'Forms/Downloads' dialog box.
Step 4: You will visit a new page that lists all Challans that you can download.
Step 5: Go ahead and tap on 'ITNS-280' at the top of the list.
Step 6: A PDF attachment and a fillable form come with Challan 280 and all other Challans. Select the option to download the form.
Verification of Challan Tax Payment
To verify the status of your payments, log in to the NSDL website. There are two methods to check a challan's status:
CIN-based view: To monitor the status of the challan, assessors can supply information such as the challan tender date, the BSR code of the bank branch where the payment was executed, the challan identification number (CIN), and the challan serial number. When they specify the exact amount, it helps confirm that the tax payment is correct.
TAN-based view: Assessees can enter their Tax Deduction and Collection Number (TAN) and the date of the challan tender for the verification purpose. They can also indicate the amount against a specific CIN to compare it with the amount that the bank uploaded.
Proof of Payment of Tax
After you remit your tax amount, a counterfoil of the challan gets generated. This document includes essential details such as the Challan Identification Number (CIN), the payment date, the tax amount, and extra information. An acknowledgement for the amount of tax paid generates the CIN. It is best to have the CIN on file for future use, particularly when submitting income tax returns. An individual who wishes to have the challan counterfoil regenerated can also contact their bank.
The CIN provides the following information:
Challan serial number
The bank branch's seven-digit BSR code, where the tax gets filed
The date that the money gets transferred
Correction of Details in Challans
If an assessee thinks that some information on the challan payment is incorrect, they can request that the information be changed. The fields listed below can be modified while making corrections:
The Tax Deduction and Collection Account Number (TAN) or Permanent Account Number (PAN)
Assessment Year
Type of payment
The codes for the major and minor heads
The entire sum
The banks in question can make these adjustments. After the challan gets deposited, the banks have seven days to make any necessary adjustments to the TAN and PAN, the assessment year, and the total amount. However, they have three months to modify the other fields, which include the payment type, the Major Head Code, the Minor Head Code, and the date of the challan deposit.
Challan 280 for Advance Tax
You can pay the advance tax if you owe Rs. 10,000 or more in annual tax. Your company will handle the advance tax payment through TDS deductions if you are a salaried employee.
When to Make an Advance Tax Payment
You will be required to pay advance tax if you work as a freelancer.
If you operate your own company.
If you receive a salary but earn more from capital gains, interest, or rental income.
How Advance Tax is Calculated and Paid
As with the income tax return filing process, add up all capital and interest profits, including the income from salary.
Provide an estimate of your yearly income if you work as a freelancer, subtracting any expenses.
You can include information about your expenses, such as rent, phone and internet bills, and travel expenses.
Due Dates of Payment of Advance Tax
You must pay up to 15% of the advance tax if you make your payment before or on June 15th at the latest.
Paying on or before September 15th will result in a payment of up to 45% less than the advance tax already paid.
Paying by December 15th at the latest will result in a payment that is up to 75% less than the advance tax previously paid.
Payment gets submitted by March 15th at the latest, and you must pay up to 100% of the advance tax that is less than the advance tax already paid.
Conclusion
Challan 280 is a safe and effective way to pay your income taxes online. You may quickly submit your tax payments and maintain compliance with the Income Tax Act by following the straightforward instructions provided in this article. To prevent fines, be sure to thoroughly review your payment information, save the receipt for future use, and make your payments on schedule. The online payment system simplifies the process more than ever before, whether you're paying advance tax, self-assessment tax, or any other type of tax.
Frequently Asked Questions
What kind of income tax payments can be covered under Challan 280?
Advance tax, self-assessment tax, regular assessment tax, surcharge, and tax on distributed income or profits, are some instances of payments that can be made via Challan 280.
What to do if I face issues with making income tax payments?
You can contact the call center at 1800-222-080 if you experience any problems entering non-financial information on the NSDL website.
Which taxes can be paid online?
The majority of taxes, including corporate tax, income tax, securities transaction tax (STT), tax collected at source (TCS), and tax deductible at source (TDS), can be paid online.
How is a declaration of Challan 280 tax payment made?
Following tax payment, you must fill out your income tax return (ITR) by entering the tax challan receipt details, including the BSR Code, Date of Deposit, Challan Serial Number, and Amount Paid. You can file your ITR only after paying your taxes with Challan 280 and entering the details from the challan receipt.
Is online tax payment for Challan 280 compulsory?
No, only firms and individual taxpayers who are not corporations are required to pay the Section 44AB Challan online. Challan 280 is available for offline payment.
Can I verify my Challan 280 online?
Yes, you can go ahead and click on the 'Challan Status Enquiry' tab, then choose 'Verify' to confirm your Challan 280 online.
Can Challan 280 be paid using a debit card?
Yes, a debit card or another online banking method for Challan 280 payment.
What should I do if a mistake is made while filling Challan 280?
You can apply formally to your jurisdictional Assessing Officer or request a correction through your bank. PAN, assessment year, or payment type corrections might be permitted.
How can I check if my tax payment was successful?
You will receive a CIN (Challan Identification Number) upon payment. Using your CIN, you can check the status on the "Challan Status Enquiry" area of the TIN NSDL website.
What is challan 280 counterfoil?
A Challan 280 counterfoil serves as evidence that you have paid. Following a successful transaction, it includes the bank name, CIN, and payment details needed to make the electronic payment.
What is a Challan ID number or CIN?
A unique identifier called the Challan Identification Number (CIN) confirms tax payments. It includes the seven-digit BSR codes for the bank branch, the serial number of the challan, and the date the tax was deposited (in the format DD/MM/YY).
What is the difference between Challan 280 and 281?
Challans 280 and 281 serve different purposes when it comes to paying taxes, which makes them distinct from each other. Challan 281 is used to pay taxes for TDS and TDS. On the other hand, Challan 280 is used to pay self-assessment taxes, regular assessment taxes, advance taxes, surtaxes, taxes on profits distributed by domestic companies, and taxes on income distributed to unit holders.
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