It is the duty of every eligible earning individual in the country to pay income tax, with the income tax department keeping a watchful eye on tax evaders.
The IT Department sends out notices and reminders to people who have taxes due, thereby ensuring that people are aware about their tax liability and can pay the same in order to avoid penalties in the future.
Individuals who are expected to pay their due taxes can do so by following the steps mentioned below:
Note: You will receive a confirmation email and SMS on the email address and mobile phone registered with the e-Filing portal after a successful payment. Upon payment success, the Challan Receipt and payment information are accessible under the Payment History Tab on the e-Pay Tax page.
The requirements to use the service of paying your tax due online are given below:
Option | Requirements |
Before Login |
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After Login |
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Note: Six authorised banks—Canara Bank, Federal Bank, HDFC Bank, Kotak Mahindra Bank, Bank of Maharashtra, and State Bank of India—are currently accepting payments for taxes using the e-Filing Portal's (e-Pay Tax service) Payment Gateway mechanism.
The steps to pay your tax online without logging in to the e-filling portal are given below:
Note: You will receive a confirmation email and SMS on the email address and mobile phone registered with the e-Filing portal after the payment is successful. The Challan Receipt can be downloaded for future use if the payment is successful. After logging in, go to the ‘Payment History’ tab on the e-Pay Tax website to view the payment information and the Challan Receipt.
The refund process for online income tax takes around two to six month from the date of e-filing returns online. If you need to track the income tax refund status, you can follow these steps:
These are different kind of status that will see:
Pay income tax online through debit/credit card
The IT department facilitate the website - http://www.tin-nsdl.com to make online income tax payments. An individual can choose to either use a debit or credit card to make the payment. After the individual has completed furnishing the required details, he/she will be redirected to their bank’s website (the individual can choose to make the unpaid income tax payment through ICICI Bank or HDFC Bank).
The individual will require to login to their net bank account by using the user ID and password. The bank’s payment gateway will guide the individual in completing the payment process.
Most of us pay advance tax on our income, ensuring that the overall tax liability is split up into portions, thereby reducing burden on us to pay a lump sum in one go. A look at our salary slips shows the amount deducted every month as tax, with this computation being done at an approximate level, but the actual tax liability can differ from the amount which has been deducted.
A number of taxpayers self-assess their taxes, which are almost equal to the actual tax liability (in most cases), but there could be times when self-assessment goes off track, providing erroneous results. Again, this results in a situation where additional amounts need to be paid to clear tax dues after the IT return has been filed.
Advance Tax
You are required to pay the advance tax if your annual tax obligations exceed Rs.10,000. Employers often handle these income tax payments for the salaried class through TDS deductions.
You can pay the advance tax if you fall under any one of the categories:
The payment of advance taxes of income tax for individual and firms:
Due Date | Tax Payable |
On or before 15th June | 15% |
On or before 15th September | 45% |
On or before 15th December | 75% |
On or before 15th March | 100% |
There are a few things one should consider while paying dues in order to avoid further hassles.
To satisfy a demand for an income tax notice, you might occasionally need to make a payment. You can pay the demand online if you concur with the officer who assessed you and are prepared to do so. A different name for it is the tax on regular assessment.
The IT Department sends out notices and reminders to people who have taxes due, thereby ensuring that people are aware about their tax liability and can pay the same in order to avoid penalties in the future.
Individuals who are expected to pay their due taxes can do so by following the steps mentioned below:
Step 1:
Click on the link https://www.incometax.gov.in/iec/foportal/.
Step 2:
Log in using your user ID which can be your PAN number, Aadhaar Number, or any other user ID you may have set earlier and click on ‘Continue’, followed by the password, and tick the box ‘Please confirm your secure access message displayed above’.
Step 3:
Click on ‘Continue’ and you will be logged into the portal.
Step 4:
Then click e-File and then on e-Pay Tax on the Dashboard.
Step 5:
Your navigation will take you straight to the e-Pay Tax. To start the online tax payment, select ‘New Payment’ on the e-Pay Tax page.
Step 6:
Click ‘Proceed’ on the tax payment option that applies to you on the New Payment screen.
Step 7:
After choosing the appropriate Tax Payment options, click ‘Continue’ after selecting the Assessment Year, Minor head, and other information only if necessary.
Step 8:
Add the breakdown of the total tax payment on the ‘Add Tax Breakup Details’ screen, then click on ‘Continue’.
Step 9:
Select Payment Gateway mode on the ‘Select Payment Mode’ page and click on ‘Continue’.
Step 10:
Verify the information and tax break up information on the ‘Preview and Make Payment’ page before clicking on ‘Pay Now’.
Step 11:
Click ‘Submit to Bank’ after reading, selecting, and agreeing to the terms. You will be taken to the website of Payment Gateway where you may login or enter the details of your Net Banking, debit card, credit card, or UPI and make the payment. Before choosing a payment method, you can examine the transaction fees (per Annexure 1) of the five payment gateways.
If you don't pay your taxes by the deadline, you could be subject to fines or interest. To prevent further fees, it is important to file as soon as possible. Some nations provide filing extensions; however, these frequently have requirements.
It's normally advisable to still file your return by the deadline even if you can't pay your taxes in full to avoid further fines. Then you can consider choices like creating a payment schedule or negotiating a smaller payment or penalty with the taxing body.
Depending on your overall income, deductions, and credits, you may or may not have to pay income tax. Generally, you have to pay taxes if your income exceeds a specific amount.
Calculating your income tax requires calculating your taxable income, applying tax rates, and taking any deductions or credits into account. You can estimate your tax liability using tax calculators or tables that are available in many countries.
Typically, you must submit an income tax return to the tax authority in your nation. Online forms or paper forms can frequently be used for this. You must include information regarding your earnings, deductions, and credits.
By completing an income-tax return, you can claim a refund for the extra tax. You will receive a refund by having it credited to your bank account via an ECS transfer.
Only the taxpayers listed below are required by law to make their tax payments online: a. Businesses b. Taxpayers who are not businesses subject to Section 44AB audits. By filing the challan at authorised banks, the rest of the taxpayers can make physical tax payments.
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