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Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
Challan 280 serves as a key tool for Indian taxpayers, promoting a streamlined process for various income tax payments.
Each year, as tax season approaches, many rush to their Chartered Accountants to file their returns. However, with Challan 280, you no longer need to rely solely on your CA; you can conveniently pay your tax online.
The process for paying income tax online using Challan 280 has moved from the OLTAS e-payment portal to the e-Pay Tax facility on the E-Filing portal. With straightforward steps, you can easily file your income tax online using Challan 280. Taxpayers can choose their preferred method, whether through the convenience of online transactions or by visiting designated bank branches.
Challan 280 is a form used to pay various types of income tax in India. It is used by taxpayers to pay advance tax, self-assessment tax, regular assessment tax, and other types of tax payments, such as tax on distributed profits and tax on distributed income. The form can be filled out online through the e-Pay Tax facility on the Income Tax Department’s website or used for manual payments at designated bank branches.
As a responsible citizen, it is important to pay taxes on time. Filing income online has eased this process. Income Tax challan 280 online payment can be done by following these steps:
Go to the official Income Tax Department website. Now click “e-Pay Tax” under the Quick Links section on the homepage.
On the e-Pay Tax page, enter your PAN and registered mobile number. An OTP will be sent to your registered mobile number. Enter the OTP to proceed.
Now, choose “Income Tax” as the tax type and select the correct assessment year you are paying.
Select “(0021) Income Tax (Other than Companies)” as the significant head and choose the appropriate minor head based on the reason for payment. Enter the amount of tax you are paying and briefly describe the payment.
Select your preferred mode of payment: net banking, debit card, or credit card.
Most importantly, all the information entered must be reviewed carefully to ensure its accuracy. Once confirmed, click on “Proceed to Payment.”
You will be redirected to your bank’s net banking portal or a secure payment gateway. Log in using your net banking credentials or enter your card details to make the payment.
Upon successful payment, you will receive a confirmation message for 280 challan online payment and an acknowledgment receipt. Save or print the Challan acknowledgment receipt for your records.
After a successful transaction, a challan counterfoil with the CIN, payment details, and bank name used to process the e-payment will be shown. This counterfoil serves as proof that the transaction was completed. The process to check the tax payment:
Here is how you can verify the challan tax payment:
Mistakes happen, and realizing you have entered the wrong assessment year when calculating income tax payments can be stressful. But do not worry; there are ways to rectify the situation:
If you have only entered the wrong assessment year and the remaining details like PAN, amount, and payment head are correct, you can use the online Challan Correction feature on the e-filing portal. Follow these steps:
However, this facility is only available for minor errors in the challan, like assessment year, major head code, and minor head code. It is not available for changes in PAN, amount, or name.
If you have made mistakes beyond the scope of online correction, like entering the wrong PAN, amount, or payment head, you must visit your bank branch or the assessing officer’s office.
At Bank:
At the Assessing Officer’s Office:
The time limit for making corrections is usually seven days for online correction and 30 days for offline correction. However, it is best to act promptly to avoid any complications.
If you have already filed your ITR and realized you made a mistake in the assessment year mentioned in the challan, you can file a Rectification Request through the e-filing portal:
This option is only available if the mistake affects the tax credit claimed in your ITR.
Challan 280 facilitates multiple advantages when paying your income tax online and offline. Here are some key benefits:
Challan 280 is a standardized form for various income tax payments, eliminating the need for separate forms for different situations. It can be used for self-assessment tax, advance tax, regular assessment tax, and more.
You can pay your taxes online with Challan 280 through the e-Pay Tax portal, offering flexibility and accessibility from anywhere. Alternatively, you can use the form to make offline payments at designated bank branches.
Online Challan 280 payments get reflected in your tax records quickly, eliminating delays associated with traditional methods like cheques or demand drafts. Filling out a standardized form minimizes the risk of errors compared to manual calculations, potentially leading to smoother tax assessments.
The Challan 280 system records your tax payments, including date, amount, and purpose. You can access this information online for easy reference and tracking of your tax obligations.
Challan 280 offers convenience, efficiency, and transparency in income tax payments. It empowers taxpayers, simplifies complex processes, and ensures a smoother and more accountable financial journey. Embracing Challan 280 is a step towards a more streamlined and hassle-free tax compliance experience. After submitting Challan 280, we recommend you keep track of its status online. You can check its online status using Challan’s identification number, serial number, serial date, and the BSR bank’s code.
1
Yes, you can pay your income tax using Challan 280 after the due date, but you may be subject to interest and penalties.
2
No, you need to fill out a separate Challan 280 for each assessment year.
3
If you make a mistake, you should contact your assessing officer or the bank where the payment was made to correct the error.
4
You can check the status of your Challan 280 payment on the NSDL website under the “Challan Status Inquiry” section.
5
If you do not receive a receipt, contact the bank where the payment was made or check your payment status online.
6
Yes, NRIs can use Challan 280 to pay their Indian income tax.
7
Yes, it is safe to pay income tax online using Challan 280 as long as you use secure websites.
8
A few days for an online payment using Challan 280 to reflect in the tax records typically takes a few days.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
