Step by Step Guide on Online Payment of Income Tax

(Last Updated On: December 14, 2017)
Want to pay income tax before the last date to avoid penalty? 

Here’s is a step-by-step guide for online income tax payment using government’s website:

Step 1:
Click on Link:    
Step 2:
Under applicable challan, Click on Challan no./ ITNS 280 – Payment of Income tax / Corporate tax
online payment of income tax

: Fill in your details in the Income Tax Challan-
  • If you are an individual , select (0021)INCOME-TAX (OTHER THAN COMPANIES) under tax applicable.
  • Fill in your PAN No. and Assessment Year (A.Y.) correctly . A.Y. is the next year to financial year(F.Y.) – 
          F.Y. 2014-15   –  2015-16 is the A.Y.
          F.Y. 2015-16   –  2016-17 is the A.Y.
          F.Y. 2016-17   –  2017-18 is the A.Y.
  • Fill in your contact details : address, phone number and email address
  • Then, under the Type of Payment, you need to select the type based on your tax liability situation.

Out of all six sub-option, only three becomes applicable on you.

Choosing the correct applicable option for online income tax payment:
Type Of PaymentApplicability
(100)Advance TaxIf pay taxes  during the financial year then it will be called as advance tax. For example, F.Y. 2016-17, if you are paying tax till 31st March, 2017, it will be called as advance tax, and code 100 needs to be selected.
(300)Self Assessment Tax When you  pay tax  after the end of the F.Y. and before filing the return, then it will be called as Self Assessment Tax. For eg, for FY 2016-17, if tax is paid after the 31st March, 2017, then it will be called as  Self Assessment Tax and code 300 needs to be selected.
(400)Tax on Regular AssessmentWhen you get a demand notice from the Tax Department then this demand needs to be deposited under the head of code 400. This normally used after the order passed under scrutiny assessment or demand as per the intimation received as per section 143(1).
  • Select the bank from down-drop menu, through which you wish to make online tax payment. Here is the lists of banks through whom you can pay tax online-
    • Allahabad Bank
    • Andhra Bank
    • Bank of Baroda
    • Bank of India
    • Canara Bank
    • Central Bank of India
    • Bank of Maharashtra
    • Corporation Bank
    • Dena Bank
    • HDFC Bank
    • ICICI Bank
    • IDBI Bank
    • Indian Bank
    • Indian Overseas Bank
    • Jammu & Kashmir Bank
    • Oriental Bank Of Commerce
    • Punjab & Sindh Bank
    • SBBJ
    • State Bank of Hyderabad
    • State Bank of Travancore
    • Syndicate Bank
    • Sate Bank of India
    • State Bank of Patiala
    • UCO Bank
    • State Bank of Mysore
    • Union Bank Of India
    • Vijaya Bank
  • Enter Captcha Code and click on “Proceed” button.

income tax online payment

Then a confirmation window with a summary of your details comes. Recheck all your details & Click on “Submit To The Bank” button.

online submission of Income tax return

Then you would be redirected to Net Banking Page.Here, you need to enter your tax payment details like Tax, Surcharge, Interest etc.
However, you can leave surcharge, education cess, interest and penalty blank.

filing income tax online

Step6 :
: Once the payment is cleared, Challan 280 will be generated.This is a receipt of payment of taxes by the tax department. 
When you file your Income Tax Return then you need to enter the Challan Details like Amount, BSR Code and Challan Serial No, in prepaid taxes column.
You can verify the amount of taxes paid in your account from your Form 26 AS on income tax department’s website.Generally it takes 10 -15 days for data to be updated in 26 AS account.

efiling itr for 2017

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