income tax is one of the major revenue models for the government, which is used for the development of the country. And, therefore, Income tax is obligatory for every salaried person. But, if you think paying income tax is a tedious task, then you probably haven’t been introduced to the online payment system. To make the income tax payment easy, the tax department has gone digital. Follow the below-mentioned steps!
You can pay Taxes in two ways- online and offline mode. If you are looking for a simple, quick & hassle-free process, then paying online is the right option for you.
Follow the following steps:
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Step 4- For instance, if you click on the Challan 280, you will have to choose tax applicable year, whether it is 2020 or 2021.
Step 5- Following which you will find an option of the type of payment.
Step 6- In the next step, you have to choose mode of payment i.e.,- either Debit Card or net banking.
Step 7- Hereafter, you have to fill all the details given, such as - permanent account no, address details, mobile no, etc. After entering all valid information you will be re-directed to the net-banking.
The payment may take 10 days to reflect on your Form 26AS after the payment of tax. It will be appeared as ‘Advance Tax’ or ‘Self-Assessment Tax’ based on the type of tax.
If you want to opt a physical process of paying taxes or in case you are unable to do the tax deposit online, you can visit your nearest bank and follow the steps:
1) Go to the bank and ask for the Challan 280 form. You have to fill the Challan with relevant details.
2) Submit the Challan 280 to the bank counter along with the amount to be paid as your income tax. In case of a huge amount, submit the cheque. When the payment is done the bank assistant will hand over a receipt, which you have to keep safely for future references.
The payment may take up to 10 days to reflect on someone’s Form 26AS after the payment of tax. It will be appeared as ‘Advance Tax’ or ‘Self-Assessment Tax’ based on the type of tax.
Paying income tax online is one of the best and easy ways to pay taxes. As it doesn’t require physical effort to move from one counter to another.
Income tax is mandatory for every citizen! Ideally, opting for online payments is suggested as it is hassle-free and you can find every record easily.
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