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E Payment

cca44 (dsff) (29 Points)

17 May 2008

E-Payment howto https://brainstorms.in/?p=79

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v.viswanathan (chartered accountant) (79 Points)
Replied 18 May 2008

what is ur question

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CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 18 May 2008

e-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed below, which are the only banks offering this facility at present. -------------------------------------------------------------------------------- Account Holders of Axis Bank ,State Bank of India ,Punjab National Ban,Indian Overseas Bank, Canara Bank ,Indian Bank Bank of India, Corporation Bank, State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Indore, Vijaya Bank ,HDFC Bank, Oriental Bank of Commerce, State Bank of Patiala, Bank of Baroda ,IDBI Bank ,State Bank of Mysore, Bank of Maharashtra ,State Bank of Hyderabad ,State Bank of Saurashtra, Union Bank of India, Allahabad Bank ,Dena Bank, Syndicate Bank ,ICICI Bank ,United Bank of India ,UCO Bank, and Central Bank of India -------------------------------------------------------------------------------- Procedure for e-payment: 1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable. 2. Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered. 3. If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc. 4. On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank. 5. The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site. 6. On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.