Challan no: required

This query is : Resolved

S. Anand (Querist)
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24 July 2008 Dear Experts,
I am a salaried individual.
On computing my personal income tax return I have arrived at an amount of Rs.2530/- income tax to be paid. As an individual I have to remit this tax and then file my returns.
Please let me know the challan no through which I should remit this amount to the bank.
Regards
S. Anand

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 July 2008 If you are a salaried employee, your company would have already debited taxes from your salary. However, in case any tax liability still exists, you would have to get a challan for your tax payments.

Hitherto, a taxpayer had to go to a bank, fill up a challan and pay his taxes at the bank branch. Now, he has an option to sit at home or office and avoid that hot summer visit to a bank branch. Taxes can now be paid online.

National Securities Depository (NSDL) has made available an online tax payment facility via its website https://tin.tin.nsdl.com/etax/Index.html. To avail this facility, you would need a netbanking account with the listed banks.

There are a total 23 private and public sector banks whose clients have been permitted to pay taxes online and the list is expanding.

On the website, you would first have to select the relevant challan to be filled, depending on the kind of taxes are to be paid. Challan No. 280 or ITNS 280 is meant for payment of corporation tax, income tax and wealth tax, while Challan No. 281 is for payment of tax deducted at source. Challan No. 282 has to be filled for other taxes like interest tax and gift tax, while fringe benefit tax have to be paid via Challan No. 283.

On the challan, you would have to provide your permanent account number (PAN) and tax deduction and collection account number (TAN). PAN should be quoted for non-TDS payments and TAN for TDS payments. The website would then confirm your PAN or TAN number with the records available with the income tax department. Once the website confirms the PAN and TAN number, the rest of the personal details would be asked for.

After all the details have been submitted, the website would ask you to give a final confirmation on the information provided. If you wish to change any, you can at this stage. You do not have to go to your bank's netbanking site separately. After you confirm the details, the online tax payment website itself will divert you to the selected bank's website.

Make sure you have the required login and password ready to open your netbanking account. Here, you can mention the amount of tax to be paid. Once the payment is accepted on the online gateway, a challan counterfoil would be seen. This counterfoil contains all the details that you would require for filing your income tax returns, the deadline for which is July 31.

Make a note of the challan identification number (CIN), amount and the bank through which you have made a payment. You can also print this page and preserve it as a proof of having paid taxes online. However, there is no need to attach this challan with your income tax returns. It usually takes about a week for the challan to be actually credited.

One can check the status of the challan on the same website. Once you see a debit in your statement of accounts, you can be sure the payment has been made.