Monday, March 30, 2009

Online Tax payment: e-tax or e-payment service by TIN NSDL to pay direct taxes.

e-Payment service by Tax Information Network (TIN) National Securities Depository Limited (NSDL) facilitates payment of direct taxes online by taxpayers.

Procedure for e-payment:

  • Click here to start
  • To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.
  • Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.
  • If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.
  • On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.
  • The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.
  • On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed below, which are the only banks offering this facility at present.

Account Holders of Netbanking Facility
Axis Bank
State Bank of India
Punjab National Bank
Indian Overseas Bank
Canara Bank
Indian Bank
Bank of India
Corporation Bank
State Bank of Bikaner & Jaipur
State Bank of Travancore
State Bank of Indore
Vijaya Bank
HDFC Bank
Oriental Bank of Commerce
State Bank of Patiala
Bank of Baroda
IDBI Bank
State Bank of Mysore
Bank of Maharashtra
State Bank of Hyderabad
Union Bank of India
Allahabad Bank
Dena Bank
Syndicate Bank
ICICI Bank
United Bank of India
UCO Bank
Central Bank of India
Andhra Bank
Jammu & Kashmir Bank

Reference: https://onlineservices.tin.nsdl.com/etaxnew/Index.html

2 comments:

  1. This seems easy from your post.But in internet I also read that for paying tax online we need our digital signatures but you did not mentioned this in your post.Is it really mandatory or not.If yes then please make available some information about this too.Thanks

    ReplyDelete
    Replies
    1. No It is not compulsory for Individuals and HUF.....

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