How to pay your Income tax online in india

Income tax payments can be done online by a person  who is having net banking facility in any approved bank like HDFC, SBI.

If you do not have net banking account then you can use your friend’s or relative’s or any other individual’s bank account for payment of your tax. However, while paying, you have to enter your own PAN number or his or her PAN number on whose behalf tax payments are made.

You can not pay your taxes online by using your credit card. This facility is not available till date.

We hope income tax department will also be able to enable this facility so that an individual can pay taxes online by using credit card.

One can follow following steps for payment of income tax or depositing TDS.

Keep your Net Banking login details ready

Before preparing for e-payment of tax, you need to check your mode of payment first. If you have net banking facility then keep your account ID and password ready to enter when system asked for it.

Following banks are authorized for e-payment of tax ;

  1. Allahabad
  2. Andhra
  3. Axis
  4. BOB
  5. BIO
  6. BOM
  7. Canara
  8. CBI
  9. Corporation
  10. Dena
  11. HDFC
  12. ICICI
  13. IDBI
  14. Indian Bank
  15. IOB
  16. J&K
  17. OBC
  18. Punjab and Sind
  19. PNB
  20. State Bank of Bikaner & Jaipur, Hyderabad, Mysore, Patiala, Travancore
  21. SBI
  22. Syndicate
  23. UCO
  24. UBI
  25. United Bank of India
  26. Vijaya

Select Challan for payment of tax

You need to select the relevant challan as applicable to you to fill up details.

After filling up, the challan will have an online check for PAN/TAN validity. After validating the details, it will allow you to make payments. For this reason, before payment, you need to double check your details shown on the challan.

How to pay your taxes online in india

Here are the challans available for e-payment of tax. You need to choose the one that suits your need.

Challan No. Applicable to
281  TDS / TCS from corporate or non-corporate
280 Payment of income or corporate tax
282 Payment of Security Transaction, Hotel Receipts , Estate Duty, Interest, Wealth Tax, Expenditure/Other direct taxes & Gift tax
283 Payment of Banking Cash Transaction and Fringe Benefits Tax
26QB Payment of TDS on sale of property

We use challan 280 for payment of self assessment or advance tax.

Fill up PAN and Tax Details in Challan

On submission of the challan, system will be asking for a confirmation of the details that you entered. Then system will take you to the net banking site that you selected at the beginning. Please make sure that the PAN number and assessment year has been filled up correctly.

How to pay your taxes online in india

Make payment of tax

You need to login to your bank net banking account and make the tax payment that you want to make. On successful payment of tax a counterfoil will be generated with the details of making payment.

Have that counterfoil as a proof of payment of your tax. While making payment make sure to mention tax and interest amount separately.

Details in the tax payment acknowledgement copy such as BSR code of the bank, date of payment, Serial number of the challan and amount paid will be required while filing your income tax return.