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Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Making E-Payment of Taxes on the Income Tax Portal
Making E-Payment of Taxes on the Income Tax Portal
In today’s digital age, the Indian Income Tax Department has embraced online technology, facilitating a smoother and more efficient tax payment process. E-payment of taxes allows taxpayers to make payments from the comfort of their homes, reflecting the government's commitment to leveraging technology for better tax administration.
Eligibility for E-Tax Payment
Since April 1, 2008, the scope of mandatory electronic tax payments has expanded. The following categories of taxpayers are required to pay taxes electronically:
Corporate Assessees: All corporate entities, regardless of their size, must make tax payments electronically.
Assessees Under Section 44AB: Individuals and entities to whom the provisions of Section 44AB of the Income Tax Act, 1961 apply, which generally includes businesses and professionals whose income exceeds specified thresholds, must also pay taxes electronically.
Prerequisites for E-Tax Payment
Before making an online tax payment, ensure that the following prerequisites are met:
Bank Account with Authorised Banks: You must hold an account with a bank that is authorised to process tax payments. This includes most major banks in India.
Internet Banking Activated: Your bank account should have internet banking enabled. This is necessary for making the online payment.
Don’t Fall Behind on Your Taxes!
Ensure you file your taxes early to avoid any last-minute rush. ClearTax offers a straightforward 3-step filing process that can help you complete your tax obligations efficiently, allowing you to enjoy peace of mind.
Procedure for E-Tax Payment
Here is a step-by-step guide to making tax payments on the Income Tax Portal without logging in:
Access the Income Tax Portal and Navigate to ‘E-Pay Taxes’
Visit the Income Tax Portal at https://www.incometax.gov.in/.
On the left side of the home page, you will find the ‘Quick Links’ section. Click on ‘e-Pay Tax.’ Alternatively, you can search for ‘e-Pay Tax’ using the search bar available on the site.
Enter PAN/TAN and Mobile Number
On the ‘e-Pay Tax’ page, you need to enter your Permanent Account Number (PAN) and re-enter it for confirmation.
Provide your mobile number, then click ‘Continue.’
You will receive a 6-digit OTP (One-Time Password) on your mobile phone. Enter this OTP and click ‘Continue.’
Select the Correct Assessment Year and Payment Type
On the payment page, select ‘Income Tax’ from the first box and click ‘Proceed.’
From the ‘Assessment Year’ dropdown menu, choose 2024-25 if you are making payments related to the Financial Year 2023-24.
Under ‘Type of Payment,’ select ‘Self-Assessment Tax (300)’ and click ‘Continue.’
Enter Tax Payment Details
Input the payment amounts under the correct category. You may refer to a pre-filled challan on ClearTax to ensure you have the correct figures.
Choose Payment Method
Select your preferred payment method from options such as internet banking, debit card, credit card, RTGS/NEFT, UPI, or opt to pay at the bank counter.
Choose the bank you want to use for the payment and press ‘Continue.’
Verify Payment Information
After clicking ‘Continue,’ you will be presented with an option to preview the challan details.
Double-check all the payment information to ensure accuracy. If everything is correct, click ‘Pay Now’ at the bottom of the page. If you need to make any changes, click on ‘Edit.’
Submit the Payment
Read and agree to the Terms and Conditions by ticking the checkbox.
Click ‘Submit To Bank’ to finalize your payment.
Receive Payment Confirmation
Upon successful submission, you will receive a confirmation of your tax payment.
Download and save the challan as you will need the BSR code and Challan number for completing the return filing process.
Update Details on ClearTax
Resume your tax filing process on ClearTax.
Click on ‘Add Paid Tax Details’ and enter the tax amount paid along with other details from the challan, such as the date of payment, BSR Code, and Challan Serial Number.
Proceed to ‘e-file’ and ‘e-verify’ your tax return.
Steps to E-Pay After Logging into the E-Filing Portal
If you prefer to make your tax payment after logging into the e-filing portal, follow these steps:
Log in to the E-Filing Portal
Access the e-Filing portal and log in using your User ID and Password.
Navigate to the E-Pay Tax Section
On the Dashboard, click on ‘e-File’ and then ‘e-Pay Tax.’ This will take you to the e-Pay Tax section.
Initiate New Payment
On the e-Pay Tax page, click on the ‘New Payment’ option to start the online tax payment process.
Follow Subsequent Steps
Follow steps 3 to 9 mentioned above for making e-payment of taxes without logging in.
Benefits of E-Tax Payment
E-payment of taxes provides numerous advantages that make the process more convenient and efficient:
Time Savings: You can make payments at your convenience, avoiding the need to wait in long queues at banks.
Automatic Updates: The tax department’s records are updated automatically, reducing the need for taxpayers to manually update their records.
Instant Receipt Generation: Once the payment is processed, you receive an immediate receipt, which serves as proof of payment.
Online Verification: You can easily verify the status of your tax payment online, ensuring that there are no discrepancies.
Authorized Banks for E-Tax Payment
The following banks are authorized to process e-tax payments as of April 28, 2023:
Allahabad Bank
Andhra Bank
Axis Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
City Union Bank
DCB Bank
Federal Bank
HDFC Bank
ICICI Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
IndusInd Bank
Jammu and Kashmir Bank
Karur Vysya Bank
Karnataka Bank
Kotak Mahindra Bank
Punjab National Bank
Punjab & Sind Bank
RBL Bank
State Bank of India
South Indian Bank
UCO Bank
Union Bank of India
Conclusion
The advent of electronic tax payments has revolutionized the way taxpayers manage their tax obligations. By following the steps outlined above, you can ensure that your tax payments are made efficiently and accurately. E-payment not only simplifies the payment process but also ensures that tax records are updated in real-time, enhancing transparency and reducing the potential for errors.
Make the most of this convenient payment method to stay on top of your tax responsibilities and avoid last-minute hassles. For more information and assistance, consider using tax filing platforms like ClearTax, which offer additional features to streamline your tax filing process.
In today’s digital age, the Indian Income Tax Department has embraced online technology, facilitating a smoother and more efficient tax payment process. E-payment of taxes allows taxpayers to make payments from the comfort of their homes, reflecting the government's commitment to leveraging technology for better tax administration.
Eligibility for E-Tax Payment
Since April 1, 2008, the scope of mandatory electronic tax payments has expanded. The following categories of taxpayers are required to pay taxes electronically:
Corporate Assessees: All corporate entities, regardless of their size, must make tax payments electronically.
Assessees Under Section 44AB: Individuals and entities to whom the provisions of Section 44AB of the Income Tax Act, 1961 apply, which generally includes businesses and professionals whose income exceeds specified thresholds, must also pay taxes electronically.
Prerequisites for E-Tax Payment
Before making an online tax payment, ensure that the following prerequisites are met:
Bank Account with Authorised Banks: You must hold an account with a bank that is authorised to process tax payments. This includes most major banks in India.
Internet Banking Activated: Your bank account should have internet banking enabled. This is necessary for making the online payment.
Don’t Fall Behind on Your Taxes!
Ensure you file your taxes early to avoid any last-minute rush. ClearTax offers a straightforward 3-step filing process that can help you complete your tax obligations efficiently, allowing you to enjoy peace of mind.
Procedure for E-Tax Payment
Here is a step-by-step guide to making tax payments on the Income Tax Portal without logging in:
Access the Income Tax Portal and Navigate to ‘E-Pay Taxes’
Visit the Income Tax Portal at https://www.incometax.gov.in/.
On the left side of the home page, you will find the ‘Quick Links’ section. Click on ‘e-Pay Tax.’ Alternatively, you can search for ‘e-Pay Tax’ using the search bar available on the site.
Enter PAN/TAN and Mobile Number
On the ‘e-Pay Tax’ page, you need to enter your Permanent Account Number (PAN) and re-enter it for confirmation.
Provide your mobile number, then click ‘Continue.’
You will receive a 6-digit OTP (One-Time Password) on your mobile phone. Enter this OTP and click ‘Continue.’
Select the Correct Assessment Year and Payment Type
On the payment page, select ‘Income Tax’ from the first box and click ‘Proceed.’
From the ‘Assessment Year’ dropdown menu, choose 2024-25 if you are making payments related to the Financial Year 2023-24.
Under ‘Type of Payment,’ select ‘Self-Assessment Tax (300)’ and click ‘Continue.’
Enter Tax Payment Details
Input the payment amounts under the correct category. You may refer to a pre-filled challan on ClearTax to ensure you have the correct figures.
Choose Payment Method
Select your preferred payment method from options such as internet banking, debit card, credit card, RTGS/NEFT, UPI, or opt to pay at the bank counter.
Choose the bank you want to use for the payment and press ‘Continue.’
Verify Payment Information
After clicking ‘Continue,’ you will be presented with an option to preview the challan details.
Double-check all the payment information to ensure accuracy. If everything is correct, click ‘Pay Now’ at the bottom of the page. If you need to make any changes, click on ‘Edit.’
Submit the Payment
Read and agree to the Terms and Conditions by ticking the checkbox.
Click ‘Submit To Bank’ to finalize your payment.
Receive Payment Confirmation
Upon successful submission, you will receive a confirmation of your tax payment.
Download and save the challan as you will need the BSR code and Challan number for completing the return filing process.
Update Details on ClearTax
Resume your tax filing process on ClearTax.
Click on ‘Add Paid Tax Details’ and enter the tax amount paid along with other details from the challan, such as the date of payment, BSR Code, and Challan Serial Number.
Proceed to ‘e-file’ and ‘e-verify’ your tax return.
Steps to E-Pay After Logging into the E-Filing Portal
If you prefer to make your tax payment after logging into the e-filing portal, follow these steps:
Log in to the E-Filing Portal
Access the e-Filing portal and log in using your User ID and Password.
Navigate to the E-Pay Tax Section
On the Dashboard, click on ‘e-File’ and then ‘e-Pay Tax.’ This will take you to the e-Pay Tax section.
Initiate New Payment
On the e-Pay Tax page, click on the ‘New Payment’ option to start the online tax payment process.
Follow Subsequent Steps
Follow steps 3 to 9 mentioned above for making e-payment of taxes without logging in.
Benefits of E-Tax Payment
E-payment of taxes provides numerous advantages that make the process more convenient and efficient:
Time Savings: You can make payments at your convenience, avoiding the need to wait in long queues at banks.
Automatic Updates: The tax department’s records are updated automatically, reducing the need for taxpayers to manually update their records.
Instant Receipt Generation: Once the payment is processed, you receive an immediate receipt, which serves as proof of payment.
Online Verification: You can easily verify the status of your tax payment online, ensuring that there are no discrepancies.
Authorized Banks for E-Tax Payment
The following banks are authorized to process e-tax payments as of April 28, 2023:
Allahabad Bank
Andhra Bank
Axis Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
City Union Bank
DCB Bank
Federal Bank
HDFC Bank
ICICI Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
IndusInd Bank
Jammu and Kashmir Bank
Karur Vysya Bank
Karnataka Bank
Kotak Mahindra Bank
Punjab National Bank
Punjab & Sind Bank
RBL Bank
State Bank of India
South Indian Bank
UCO Bank
Union Bank of India
Conclusion
The advent of electronic tax payments has revolutionized the way taxpayers manage their tax obligations. By following the steps outlined above, you can ensure that your tax payments are made efficiently and accurately. E-payment not only simplifies the payment process but also ensures that tax records are updated in real-time, enhancing transparency and reducing the potential for errors.
Make the most of this convenient payment method to stay on top of your tax responsibilities and avoid last-minute hassles. For more information and assistance, consider using tax filing platforms like ClearTax, which offer additional features to streamline your tax filing process.
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