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How to Pay Income Tax Online via E-filing Portal and Offline at the Bank?

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Last Updated on September 20, 2023 by Sumitha

How to Pay Income Tax Online/Offline Methods?

Paying income tax is a crucial responsibility for every individual, and the Indian government has streamlined the process by offering both online and offline methods. This article will provide a detailed guide on how to pay income tax using Challan 280, whether through the e-filing portal or at an authorized bank. We will explore the step-by-step procedures for each method, ensuring you clearly understand the process.

How to Pay Income Tax Online via E-filing Portal?

Step 1: Accessing the E-filing Portal: The first step to paying income tax online is to visit the official e-filing portal of the Income Tax Department at https://www.incometax.gov.in/iec/foportal. You can find the ‘e-pay Tax’ button under the ‘e-file’ button if you have already logged in. If not, it will be visible under the ‘quick links’ section.

Step 2: Initiating the Payment: A new webpage will open once you click the ‘e-pay Tax’ button. Here, you must provide essential details such as the Assessment Year (A.Y.) for which you intend to pay income tax and the payment type (advance tax, self-assessment tax, etc.). After filling in these details, click ‘Continue.’

Step 3: Tax Break-up Details: On the next webpage, you must enter the tax break-up details, including the tax amount, surcharge (if applicable), cess (if applicable), etc. In the case of advance tax payment, you may not need to fill in the additional rows; simply enter the advance tax amount in the ‘Tax’ row.

Step 4: Payment Options: The final step involves choosing your preferred payment method. You have two options: online and offline. Online payment methods include debit cards, credit cards, RTGS/NEFT, UPI, and net banking. Notably, RTGS/NEFT is the common option for both online and offline payments.

Offline Payment Process:

Some individuals may opt for offline payment, especially when dealing with substantial income tax payments or facing internet connectivity issues. The Income Tax Department offers two offline tax payment options: RTGS/NEFT and bank challan.

RTGS/NEFT:

If you prefer to pay tax offline via RTGS/NEFT, follow these steps:

  1. Select the RTGS/NEFT option from the payment options page.
  2. Click ‘Continue,’ and a new webpage will open with a ‘download mandate form’ button.
  3. Download the RTGS/NEFT mandate form, print it out, and take it to your bank for payment.

Offline Bank Challan Method (Pay at Bank Counter):

The offline bank challan method offers another way to pay income tax, but it comes with specific requirements:

  1. Check if your preferred bank is listed among the ‘authorized banks’ for this payment method.
  2. Select your authorized bank from the drop-down menu on the e-filing portal.
  3. Click ‘Continue,’ and a new webpage will open.
  4. You will find a ‘Download challan form’ button on this page. Click on it to download the challan form.
  5. Print out the downloaded challan form.

Important Note:

It’s crucial to remember that if you choose the bank challan method, you must pay your income tax only at the selected authorized bank. Using any other authorized bank will not be accepted.

Conclusion

Paying income tax is a fundamental obligation, and the Income Tax Department offers online and offline methods for your convenience. Whether you prefer the ease of online payments or the reliability of offline methods, you can now navigate the process confidently. Double-check the authorized bank list using the offline bank challan method to ensure a smooth tax payment experience. This guide should assist you in fulfilling your income tax obligations efficiently and effectively.

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Sumitha

I'm a professional content creator passionate about writing. My articles span law, business, finance, investments, and government schemes, always simplifying complex topics. Exploring and embracing novelty are my off-duty joys.