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The Income Tax Department of India has improved the tax paying facility across the country by many folds. Taxpayers can now pay their income tax online as per their comfort and convenience. The department has made the entire process of paying income tax hassle-free and time saving.
Follow the step by step procedure to make e-tax payment.
In order to pay your taxes online, you must ensure the following:
With effect from April 1st, 2008, the following assesses are required to pay taxes electronically.
There are a number of advantages attached to the e-payment of income tax. Some of these benefits are mentioned below.
Below listed are some of the public and private sector banks in India that provide an e-payment platform for taxpayers for the purpose of income tax payment.
What should I do if I get an error while making e-tax payment?
You can contact TIN via call at 020 – 27218080. Alternatively, you can write an email to email@example.com in case you face nay e-payment related issues.
How can I avoid multiple tax deductions from my bank account?
While making an e-tax payment, it is important to check whether the tax amount has been deducted from your bank account or not. In case it is not deducted, only then should you try to make the e-payment again. However, in case the amount gets deducted from your account, but an error is thrown, you should contact your bank for furnishing the payment counterfoil.
Is e-tax payment safe?
Yes. E-tax payment is safe as such transactions are encrypted via SSL (Secured Socket Layer).
I misplaced the acknowledgement receipt received after making e-tax payment. What should I do?
You can contact your bank, and it will reissue a duplicate acknowledgment receipt for the submission of e-tax payment.
What is the ideal time for making e-tax payment?
You can find these details on your respective bank’s official website and can make e-tax payment accordingly.
How do I know if my bank provides this facility?
The list of private and public banks providing this facility is available on the official website of TIN-NSDL. Alternatively, you can get this information from your bank.
What will happen once I confirm the payment of e-tax at my bank’s website?
Your bank will process the transaction electronically by deducting the tax amount from your bank account and issue an acknowledgement indication (CIN). Moreover, you can check the status of the challan in the "Challan status enquiry" section on the TIN-NSDL website using CIN number after a week of making payment.
How can I know that I have successfully completed the e-tax payment?
Apart from the CIN number issued by the bank, you can check your bank account statement to confirm the transaction.
How does e-tax payment benefit me as a taxpayer?
e-tax payment is beneficial to you as a taxpayer as you are not required to visit the bank personally to make a tax payment. Payment can be made online at your convenience from any place where the internet facility is available. Further, you get an acknowledgement online in the form of CIN (Challan Identification Number), which is useful while filing an income tax return.
What are some important dates to remember when paying income tax?
Here are some of the important dates to remember for taxpayers who fall under the tax slab to pay income tax for the financial year 2019-20 and assessment year 2020-21 is mentioned in the table below:
Important due dates Tasks that must be completed Before January 31st Individuals must submit the proof of investment Before March 31st It is the deadline for which any investment can be made under Section 80C of the Income Tax Act, 1961 Before July 31st Due date to file income tax return Between October and November month Tax returns should be verified by this time
Income Declaration Scheme
Income from House Property
Income from Other Sources
Income Tax Calculator
Income Tax Department
Income Tax Features
Income Tax for Pensioners
Income Tax for Senior Citizens
Income Tax Refund
Income Tax Return
Income Tax Slab
How to pay Income Tax online
Payment of Tax through Credit Cards
E-Filing of Income Tax Returns