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What is the Process & Precautions to Deposit Income Tax & TDS Payment through Internet Banking ?

Friends, It is common demand that how to pay Income Tax and TDS payment through Internet Banking. A few steps to pay Income Tax and TDS Payment through Internet Bank.

Procedure to Deposit TDS or Income Tax Through Internet Bank:
  1. First Log in Income Tax of India official site,i.e., www.incometaxindia.gov.in.
  2. Then go to TDS Deposit Page.
  3. Fill up TDS challan.
  4. Select Bank.
  5. Now you would be in your bank site.
  6. Perform all necessary things in order to pay tax like giving log in ID & Password, Transaction Password & Other formalities prescribed by the bank like put values from GRID CARD.
  7. Thus you complete the transaction & get the soft copy of the TDS Challan.
  8. Print out the challan for future application & save the soft copy of the challan if you like to do so.
What are the precautions take while Depositing TDS or Income Tax:
  • Tick Right Deductee, 2 Options available there,viz., Corporate and Non-corporate.
  • Select Right Code, like- for Professional Fee-94J, Contractor-94C, Rent-94I, etc.
  • Always remember you must deposit TDS separately for each code. I mean if you have 94C & 94J, you should deposit the tax through 2 challans.
  • Remember to use separate challan for Company & Non-company Deductees.
Very Important Information of TDS Challans:
  • BSR Code,
  • Challan Identification Number (CIN),
  • Challan Date/ Date of Deposit,
  • Challan Amount,
  • Bank Name, Bank-Branch.
Do You Know. What is the Procedure for e-Payment ?
If you are unknown about e-payment of Tax and 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 Authorized Banks.

Compete Procedure to Pay Income Tax/TDS/TCS Online (Click Here)
Download Free Utility of e-TDS/e-TCS (Click Here)
Free Download New Format of TDS Return (Click Here)
How to Calculate Salary & Income Tax (Click Here)

Free Download Income Tax Calculator for Assessment Year 2012-13
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