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Online tax payment: How to use Challan 280 for e-tax payment?

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We answer all your questions regarding Challan 280 – What is it? When is it applicable? How to use it?

What is Challan 280?

Challan 280 is the Income Tax Department form, to pay income tax online and offline. To pay your income tax offline, take a printout of the form, fill in the details and submit it.

Challan 280 is one of the many forms made available, for the purpose of online tax payment in India.

e Tax payment challans

  • Challan ITNS 280
  • Challan ITNS 281
  • Challan ITNS 282
  • Challan ITNS 283
  • Challan ITNS 284
  • Challan ITNS 285
  • Challan ITNS 286
  • Challan ITNS 287
  • Challan Form 26QC
  • Challan Form 26QB
  • Challan Form 26QD
  • Form 26QB/ 26QC/26QD

When is Challan 280 used?

Self-employed, business people, and working professionals, use Challan 280 to pay advance tax, self-assessment tax, and regular assessment tax. Challan 280 is not applicable for salaried employees.

When is Challan 280 applicable?

Challan 280 is applicable when you want to pay:

  • Advance tax
  • Self-assessment tax
  • Tax on regular assessment
  • Surtax
  • Tax on distributed profits of domestic company
  • Tax on distributed income to unitholders

E tax payment: How to pay tax online using Challan 280?

Step 1: Visit the official portal of TIN NSDL and select the ‘Challan 280’ option.

 

Online tax payment: How to use Challan 280 for e-tax payment?

 

Step 2: Select the relevant challan from ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284, and Form 26QB (only for TDS on sale of the property). Also, select the type and mode of payment.

 

Online tax payment: How to use Challan 280 for e-tax payment?

 

Step 3: Enter PAN / TAN no. and other required details.

 

Online tax payment: How to use Challan 280 for e-tax payment?

 

Step 4: On submission of the information, a confirmation message will appear on the screen. You will be directed to your net-banking site.

Step 5: Log in to your net banking and make the payment. On successful payment, a challan counterfoil will be displayed with the CIN, payment details, and bank name. This counterfoil is proof of payment.

Note: To avail of the e-tax payment facility, you are required to have a net-banking facility or debit card from select banks.

Remember, after making the online tax payment, file the same in your income tax return.

Also read all about the ITR filing last date for AY 2023-24

Offline method of paying tax through Challan 280

Step 1: Download Challan 280 and fill in all the details.

Step 2: The duly filled form should be submitted, along with the due amount, to a bank branch.

Source:-https://housing.com/news/challan-280-income-tax-payment/

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