Online Income Tax payment using NetBanking

Read more about Tax filing @ http://tips4ufromsony.blogspot.com/2011/07/income-tax-process-and-e-filing.html .

Hello readers, this tip is about how to do the Online Income Tax payment using NetBanking. This is best suited for guys who didn’t pay some tax amount through their company.This might be helpful for those who joined a new company, not @ APRIL 01

Details about online tax payment are available @
https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp
http://www.axisbank.com/personal/paymenttransfers/taxepayments/Tax-e-Payments.asp

Steps to be followed :

1. Go to the Income Tax site above.
2. Click on the “CHALLAN NO./ITNS 280 (payment of Income tax & Corporation Tax)”
3. On this page choose Tax Applicable as “(0021)INCOME-TAX (OTHER THAN COMPANIES)”
4. Give your details including “Permanent Account No”
5. Choose “Assessment Year”, note that this is Assessment Year and not Financial Year
6. “Type Of Payment”: (100)ADVANCE TAX  or (300)SELF ASSESSMENT TAX: This depends on for which year you are paying the tax. If you are paying tax for current Financial year select Advance Tax (for example, if you are paying before 31-MARCH-2011 for the FY 2010-11 or AY 2011-12). If you are paying tax for a previous Financial Year select Self Assessment Tax (for example, if you are paying after 31-MARCH-2011 for the FY 2010-11 or AY 2011-12)
7. Choose your “Bank Name” where you have online banking, so that you can pay your taxes
8. Click on Proceed (located at the bottom of the page)
9. Once you have paid your taxes, Income tax department will issue you a receipt.

FAQs: https://tin.tin.nsdl.com/oltas/oltas-faqs.html