E-Tax Payment: How to Pay Tax online on the Income Tax Portal?

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E -Tax Payment allows taxpayers to remit their taxes online by electronically through authorized channels, such as internet banking, mobile banking, or through the government’s designated online tax portals.

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The steps to pay e tax on the Income Tax Portal are :

1.Visit the official Income Tax e-filing portal and click on ‘e-Pay Tax‘ option.

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2.On the e-Pay Tax page :

  • Fill your PAN and re-enter to confirm it.
  • Provide your mobile number and click ‘Continue‘.
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3.On the OTP Verification page, enter the 6-digit OTP received on your mobile number and click ‘Continue‘.

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4.On the e-Pay Tax page, select the correct form for tax payment category that applies to you and click ‘Proceed‘.

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5.Enter the necessary details such as Assessment Year and type of payment and click ‘Continue‘.

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6.On the Add Tax Breakup Details page, enter the payment amounts accurately and click ‘Continue‘.

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7.Choose the bank through which you want to make the payment after selecting payment mode and click ‘Continue‘.

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8.After clicking ‘Continue’ you’ll be able to verify the details (the amount, assessment year, and type of tax payment) and click ‘Pay Now‘.

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9.Read and select the terms and conditions and click ‘Submit‘ to Bank.

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10.After successful payment, you will receive a confirmation email and an SMS on the email ID and mobile number registered with the e-Filing portal.

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11.You can download the Challan Receipt for future reference. The details of your payment and the Challan Receipt are available under the ‘Payment History‘ tab on the ‘e-Pay Tax‘ page after you log in to the portal.

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Applicable Rates For FY 2023-24 and AY 2024-25 Click Here

FAQs

How do I check my e tax payment status?

To check your e-tax payment status, you can use your Challan Identification Number (CIN).

What is payment type?

Payment type refers to the method used to complete a financial transaction. Common types include cash, check, credit card, and debit card.

How is tax calculated?

Tax is calculated based on government-set rates for various income levels. The formula for calculating income tax is:
1. Determine Taxable Income: Gross Salary – Deductions = Taxable Income
2. Calculate Income Tax: (Taxable Income x Applicable Tax Rate) – Tax Rebate

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