Challan 280 – How to pay Self-Assessment Tax of Individuals
Challan 280 – How to pay your Self-Assessment Tax of Individuals: Step by Step guide by SattvaCFO to pay income tax online through a net-banking account with selected banks.
By following the steps given below, you can easily pay your income tax online:
- Step 1: Go directly to https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
- Step 2: Scroll down to the Non-TDS/TCS section and choose “CHALLAN NO./ITNS 280”. This challan is used for the payment of Income-tax and Corporation tax. Click on ‘Proceed’
- Step 3: Fill up details
- Tax Applicable: Select (0021) Income Tax (Other than Companies)
- Type of Payment: Select (300) Self-Assessment Tax out of the following options:
- Select 100 for Advance Tax Payment
- Select 102 for Surtax
- Select 106 for Tax on Distributed Profit
- Select 107 for Tax on Distributed Income
- Select 300 for Self-Assessment Payment
- Select 400 for Tax on Regular Assessment
- Mode of Payment: Select either Net Banking or Debit Card;
- Enter PAN number details
- Select relevant Assessment Year (AY) from the drop-down menu. For the period 1st April 2020 – 31st March 2021 the relevant AY is 2021-22
- Enter address, email and mobile number (* Compulsory)
- Enter captcha & click proceeds
- Step 4: Then it opens up a ‘Confirm Data Page – Please confirm your information before proceeding’.
- Cross-check the name (masked) shown against the PAN number entered on the previous page;
- If details are correct then click the checkbox ‘I Agree’and then
- ‘Submit to the Bank’ or in case of any modification is required, click edit. Please note that there is no need to enter the amount here.
- Step 5: Log in to your net banking account by login ID & password. Enter the amount of tax along with other details, if relevant. Then Click confirm to proceed and after final confirmation payment is complete and a challan is generated.
- Step 6: You will receive a challan counterfoil containing the Name of the Bank, BSR Code, Challan Serial number, Date of Receipt, payment details and amount paid. Kindly share the same with your tax consultant.
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