How to make online tax payment and what are its advantages to Taxpayee ?

There are many facility to make payment of Tax by online process, but due to non-awareness about net-banking every taxpayee feeling inconvenient with this.  Therefore the following instructions to make payment of Tax by online process from home/office, we hope these instructions may help to all Taxpayee.

• Open a net-banking account with any of the banks listed above.
• Go to website www.incometaxindia.gov.in , click on ‘pay taxes on-line’.
• Fill in the required challan online. Help is available on screen as FAQ, downloads etc.
• Make tax payment through net-banking account online.
• A challan counterfoil will be available instantaneously on the screen with CIN (challan identification number). The Challan Identification Number (CIN) on this counterfoil should be quoted in Return of Income.
• Print the counterfoil and also save it in the computer if required.
• Check if your payment has reached the Income Tax Department at https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer.

The advantages of online paying taxes:

• You can pay taxes from any location at any time through your net-banking account.
• Instant transfer of funds from your account.
• What you write on the e-challan will be directly sent to Income Tax Department. Banks will not do any data entry.
• You can save/print the challan copy and the receipt copy.
• As soon as your Bank authorizes payment of the amount, you will receive a clear, legible receipt/counterfoil from your Bank.
• Transaction id of the e-payment transaction will be available to you in your bank statement.
• You can check online if your money has actually reached the I-T Department. For this you have to go to Tax Information Network Website: https://tin.tin.nsdl.com/oltas/index.html and click the box

The facility is available about how to view Tax Credit Statement/Form 26AS  View Demo

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Procedure for payment of outstanding Demand related with Late Filing.

As per the records of Centralized Processing Cell (TDS), the TDS Statement(s) for some of the quarters have not been submitted within the prescribed due date.

Intimation u/s 200A of the Income Tax Act, 1961 intimating an outstanding demand for the relevant quarters, including demand under section 234E towards Fee for delayed filing of TDS Statement(s), have already been sent by CPC (TDS) on Registered email address and by post, at the address, as mentioned in the relevant TDS Statement

Your attention is hereby drawn towards the provisions of section 234E of the Act, which reads as follows:

Levy for Late filing of TDS Statement (Section 234E of Income Tax Act)

• Without prejudice to the provisions of the Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues.
• The amount of fee referred to in sub-section (1) shall not exceed the amount of tax deductible or collectible, as the case may be.
• The amount of fee referred to in sub-section (1) shall be paid before delivering or causing to be delivered a statement in accordance with sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C.
• The provisions of this section shall apply to a statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C which is to be delivered or caused to be delivered for tax deducted at source or tax collected at source, as the case may be, on or after the 1st day of July, 2012.

You are advised to pay the outstanding demand at an early date to avoid Penal Interest u/s 220(2) of the Act apart from intimation of other recovery proceedings as per Income Tax Act, 1961. If the demand has already been paid, you are requested to file a Correction Statement by tagging the challan and the Justification report can be verified for closure of demand, if the revision has already been submitted and processed.

How to pay the demand:
    The following steps shall help you analyze and pay the demand:

• Download the Justification Report from our portal TRACES to view your latest outstanding demand. Please click here for assistance on downloading the Justification Report.
• Use Challan ITNS 281 to pay the above with your relevant Banker or use any other Challan, which has adequate balance available
• Download the Conso File from our portal. Please use the e-tutorial for necessary help
• In case of payment towards late filing fee, please Tag the challan towards the payment, in the "Fee" column" (Column Number 305 for 24Q, 404 for 26Q, 706 for 26Q) using RPU Ver. 3.8, mentioning appropriate amount in such column and validate to generate the FVU.
• Submit the Correction Statement at TIN Facilitation Centre.
• The demand can also be paid by using the Online Correction facility. Please refer to the e-tutorial for assistance.

For any assistance, you can write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.
 

CPC (TDS) is committed to provide best possible services to you.

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Payment of Income Tax by Book Entry or by Income Tax Challan.

Payment of Income Tax by Book Entry:

In the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan [Book Entry], the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the deductor reports the tax so deducted and who is responsible for crediting such sum to the credit of the Central Government, shall-

(a)    submit a statement in Form No. 24G within ten days from the end of the month to the agency authorized by the Director General of Income-tax (Systems) [TIN Facilitation Centres currently managed by M/s National Securities Depository Ltd.] in respect of tax deducted by the deductors and reported to him for that month; and

(b)    intimate the number (hereinafter referred to as the Book Identification Number or BIN) generated by the agency to each of the deductors in respect of whom the sum deducted has been credited. BIN consist of receipt number of Form 24G, DDO sequence number and date on which tax is deposited.

The procedure of furnishing Form 24G is detailed in Annexure IV. PAOs/DDOs should go through the FAQs therein to understand the correct process to be followed.

Payment Income Tax by an Income Tax Challan:

(i)                 In such a case the amount of tax so deducted shall be deposited to the credit of the Central Government by remitting it within the time specified in Table 4.4.1 above into any branch of the Reserve Bank of India or of the State Bank of India or of any authorized bank;

(ii)               In case of a company and a person (other than a company), to whom provisions of section 44AB are applicable, the amount deducted shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income-tax challan.

The amount shall be construed as electronically remitted to the Reserve Bank of India or to the State Bank of India or to any authorized bank, if the amount is remitted by way of:

(a)    internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorized bank; or

(b)    debit card (Notification No.41/2010, dated 31st May, 2010)

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All Income Tax payment facility through ATMs starts with HDFC Bank

Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank’s ATMs. “With this facility, the bank has given its vast customer base the freedom from waiting in long queues at counters or logging into the internet to pay their taxes,” the bank said in a statement.

The service was flagged off by Controller General of Accounts C R Sundaramurti at the bank’s Deer Park branch here.

The service can now be accessed by the bank’s 115 lakh debit card holders at 5,998 HDFC Bank ATMs in 1,111 cities across the country.

For availing the service, customers will have to register themselves and the ATM payment option will be activated immediately, it said.

For the quarter ended June 30, the bank’s total income was Rs 7,098 crore as against Rs 5,411.0 crore in the year-ago period. Net revenues Rs 3,968 crore in the first quarter of the fiscal as against Rs 3,392 crore in April-June, 2010.

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Mode of payment of arrears of pay.

The arrears of pay to which any Government servant may be entitled in respect of the period from the 1st day of January 2006 to 31st day of March 2009 (both day inclusive) under these rules shall be credited to the Provident Fund Account of the Government servant in five equal installments over the next five years after adjusting the amount of advance sanctioned vide Government Resolution, Finance Department No. RPS 1208/CR-72/SER-9, dated the 6th day of October 2008 in the first installment.

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