Challan 280 - How to Use Challan 280 to Pay Income Tax
Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Health Shield

Insurance against medical expenses related to heart, brain, liver and Cancer. Know more

Challan 280 - How to Use Challan 280 to Pay Income Tax

Challan 280 - How to Use Challan 280 to Pay Income Tax
  • 10th Mar 2021 |
  • 5,705

Every year, when the time comes to fill out income tax, people rush to their Chartered Account to fill their returns. However, you need not depend on your CA or any other What resource because, with the help of Challan 280, you can easily pay your tax online. In this article, we shall learn about Challan 280 and how we can pay our Income Tax online using it.

is Challan 280?

Challan 280 is a form which is available on the official website of Income Tax India. You are required to fill in the details of the form. The duly filled form can then either be submitted online or offline at a bank to pay your income tax.

How to Pay Income Tax Online with Challan 280?

You can pay your income tax online with Challan 280 form by following the below-mentioned steps:

1. Visit the official website of NSDL (National Securities Depository Ltd.).

2. You will find a tab named “Services” on the main page, which will get you a drop-down list.

3. From the drop-down list, select “e-payment: Pay Taxes Online”.

4. You will be taken to the “e-Payment of Taxes” page. Alternatively, you can also click the “Pay Taxes Online” box on the right side of the website’s main page and then choose “Click to pay online tax”.

5. You will be presented with multiple options on your screen. You must select “Challan No./ITNS 280” from it.

6. On the next page, you will see a form you need to fill up with details such as applicable tax, PAN (Permanent Account Number), the year of assessment and so on.

7. You can choose the “Income Tax (Other than Companies)” option to pay your income tax. The other option, “Corporation Tax (Companies)”, is applicable to companies that pay corporate tax.

8. Now you need to select the correct type of payment from options such as:

a. (100) Advance Tax

b. (102) Surtax

c. (106) Tax on Distributed Profit

d. (107) Tax on Distributed Income

e. (300) Self-Assessment Tax

f. (400) Tax on Regular Assessment

2. Next, you need to choose the mode of payment. You can pay either via Net Banking or Debit Card. After selecting your option of choice, choose the bank name from the drop-down provided.

3. Next, you must enter your PAN details and the relevant assessment year from a drop-down box.

4. Further, you are required to fill in details related to your address, such as district, state, pin code and email id, along with your mobile number.

5. You can then enter the Captcha code on the screen.

6. Finally, you can click on the “Proceed” button, which will take you to the “e-Payment page” to pay your liable income tax.

Proof of Payment of Tax

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.

  • Here is the process to check the tax payment
  • Login to the e-Filing website with your User ID, Password
  • Date of Birth / Date of Incorporation and Captcha
  • Click on My Account and click on “Refund/Demand Status”.
  • The details would be displayed.
  • Mode of Payment is also displayed.

Verification of Challan Tax Payment

Here is how you can verify the challan tax payment.

Step – 1

View the website at https://tin.tin.nsdl.com/oltas/index.html.

Step – 2

Choose either the TAN-based view or the CIN (Challan Identification Number)-based view.

Step – 3

In order to view the Status, complete the necessary fields.

Step – 4

In order to confirm the Challan entries made in the e-TDS/TCS Statement, Tax Deductors may also download the Challan Details file for a chosen period through a TAN-based view.

Step – 3

In order to view the Status, complete the necessary fields.

Step – 4

In order to confirm the Challan entries made in the e-TDS/TCS Statement, Tax Deductors may also download the Challan Details file for a chosen period through a TAN-based view.

Correction of Wrong Assessment Year When Making Income Tax Payments

Within seven days of the challan being deposited, the taxpayer must submit an application to the bank for a correction. The taxpayer may send a challan rectification application form to the appropriate bank.

While correcting the information, one can change the following
Challan 280 for Advance Tax

  • Assessment year
  • Tax deduction
  • Nature of payment
  • Total amount
  • Minor and major head code

One method of paying your advance tax, regular assessment tax, self-assessment tax, additional costs, etc., is using Challan 280.

The following taxes come under Challan 280 advance tax.

  • Payment of Advance tax
  • Self-Assessment tax
  • Tax on Regular Assessment
  • Surtax
  • Tax on Distributed Profits of Domestic Companies
  • Tax on Distributed income to unit holders

Kotak’s Tax Saving Guide

While Challan 280 has made paying income tax online easy, having a good knowledge base regarding your tax is crucially important. Kotak Life’s Tax Saving Guide can assist you in making smarter decisions while you pay your tax. Kotak Life’s Guide, crafted by financial experts, can help you be more aware of the various tax-saving instruments available. You can enjoy tax benefits and save on the amount of tax paid yearly from your hard-earned money.

Conclusion

Challan 280 will offer you a seamless taxpayer experience. After submitting Challan 280, we recommend you keep track of its status online. You can check its online status using Challan Identification Number, Challan Serial Number, Challan’s Serial Date and the BSR bank’s code.

FAQs on Challan 280 Online Payment

1.What are the ways through which I can make income tax payments?

Step 1: Choose Challan 280. Go to the Income Tax Department’s tax information network and select “Proceed” for the Challan 280 option.

Step 2: Enter your personal data. For tax-paying individuals:

Step 3: Verify the information again.

Step 4: Verify the Receipt (Challan 280)

2.What do I do if I have any problems with making income tax payments?

Taxpayers must contact their jurisdiction’s assessing officer if they need to adjust to the challan’s specifics. Each taxpayer has an assessing officer assigned to them who reviews their income tax forms and other related documents.

Download Brochure

Features

  • Increasing Life Cover*
  • Guaranteed^ Maturity Benefits
  • Enhanced Protection Through Riders
  • Tax Benefits
  • Dual Benefits: Guaranteed^Maturity + Death benefits

Ref. No. KLI/22-23/E-BB/999

T&C

Browse our library of resources

Download Brochure

Features

  • Enhanced Protection Through Riders
  • Life Cover
  • Tax Savings
  • Multiple Premium Payment Terms
  • Guaranteed @ Loyalty Addion
  • Accrued Guaranteed @ Additions

Ref. No. KLI/22-23/E-BB/490

T&C

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Should one prefer a guaranteed savings plan over monthly income schemes?

How to Save Income Tax with Insurance

सुकन्या समृद्धि योजना (SSY) के कर लाभ क्या हैं?

Can You Get Term Insurance Without Income Proof?

Home Investment Plan to Buy Dream Home

धारा 80सी आयकर अधिनियम, 1961

Tax-Savings Investments and Options in India

Income Tax Exemption for Disabled

What is Section 80C Deduction?

How to Check Income Tax Returns Status Onine?

Everything You Need to Know About Tax Benefits of National Pension Scheme (NPS)

How to e-Verify your Income Tax Return

How To Save Tax Using Life Insurance?

Tax Saving Options for Salaried Employees

Things to Do After Filing Income Tax Returns

What is HRA (House Rent Allowance) and How is HRA Exemption Calculated?

What Investment Options Come with Tax Incentives?

What is Form 16A?

Pradhan Mantri Suraksha Bima Yojana

Top 8 Tax-Saving Methods in India- Budget Planning

Save Income Tax by 31st March: Here Is a Checklist

A Guide to Life Insurance Policy’s Tax Benefits and Taxability

All about TDS Payment Online & Due Dates

TDS Due Dates of FY 2020-21 For Return Filing

What is Section 10D of the Income Tax Act?

What To Do If Your TDS Is Not Deposited With The Government?

How to Calculate returns on an assured savings plan?

How to File Form 16 for Salaried Employees?

How to File Income Tax Return - Everything You Need to Know

ITR-6: Guide to filing ITR-6 Form online

Budget 2019: Impact on the Common Man in India

Section 80G of the Income Tax Act

What is Section 80CCC of the Income Tax Act 1961

What is the TDS Rate on Salary?

Section 10 (10d) of Income Tax Act, 1961 on Payouts of Life Insurance Policy

Financial Planning and Best investment options for Housewives

A Complete Guide for Filing ITR 3 Form

Tax Benefit of Investing in Term Plan

Do Beneficiaries Pay Taxes on Life Insurance?

E-Filing of Income Tax Returns in India

How to File TDS Return?

आयकर स्लैब 2021-2022

Types of Income Tax Return (ITR) Forms

LTC Cash Voucher Scheme October 2020 – Everything You Need to Know

What is the Maximum Maturity Benefit in Assured Savings Plans?

How to Check Income Tax Refund Status Online in India

All about TDS on Salary under Section 192 – Kotak Life

Tax Planning and Tax Benefits of Life Insurance

भारत में महिलाओं के लिए सरकारी योजना

Investment Proofs You Need Submit To Lower TDS Cut From Your Salary

Income Tax Deductions Under Section 80C

Presumptive Taxation for Business and Profession

8 Things to Help You Select a Savings Investment plan

Guaranteed Return Plans-Why is it a must for you?

When Should TDS be Deducted and Who is Liable to Deduct it?

Tax Saving Options other than Section 80C

धारा 80डी आयकर अधिनियम, 1961

What is TDS Slab?

How to File ITR Online

Tips to plan your savings in 2019

How to File Income Tax Return for First Time Tax Payers

How to Save Tax on Salary Arrears?

Tax Structure in India

Interest Imposed Under Sections 234A, 234B and 234C

How to e file ITR on Income Tax Government Portal

5 Unusual Investments You Didn't Know for Saving Taxes in India

ITR 1: Sahaj Form

What is the Difference Direct Tax and Indirect Tax

Tax-Free Income in India

Tax Deductions You MUST Know

How to Pay Advance Tax Online in India

Excess TDS Deduction – Claim TDS Refund

Investing Lump Sum Amount

What is Salary Protection Insurance and Why You Need It

Who Should Invest In Savings Plan

Tax Exemption and Scope of Coverage

ITR 2 Form – Complete Guide

Penalty For Late Filing TDS Return

Tax Saving for Self Employed in India

Tax Saving Tips: Best Ways to Save Income Tax for 2021

9 Income Tax Myths That Could Cost You Money while Filing returns

Insurance and Endowment: Everything You Need to Know!

5 Popular Tax-Saving Schemes in India

52 Weeks Savings Plan: Daily Savings Plans for a Better Tomorrow

Have You Considered Term Insurance a Part of Your Tax Planning?

Problems People Face with Tax Returns after a Job Change

Why Tax Planning Should Be an All-year Round Activity

What is ITR 5 Form and How to File ITR 5?

What are Deferred Savings Plans?

What is TDS Refund Process?

What is TDS Exemption Limit?

All You Need to Know About Section 80C

Section 16 of the Income Tax Act (ITA), 1961

What is Tax Deduction at Source (TDS)?

Section 80E: Tax Exemption on Interest on Education Loan

How to File Form 10E for Tax Relief on Salary Arrears?

What is Tax Evasion and What Are The Penalties For Tax Evasion In India?

A Comprehensive Guide to Understand the ITR 7 Form

How to file Form 16 online?

Types of Riders in Insurance Policy

What is the Percentage of Tax Deducted at Source (TDS)?

Saving Income tax in 2017 - 18

Section 44AD of Income Tax Act for AY 2021-22

Tax Benefits for Startups in India

Income Tax Deductions for Disabled Person Under Section 80U

Section 80D - Medical and Health Insurance Tax Benefits Under Section 80D

Section 80C Deductions as per Income Tax Act, 1961

How To Save Tax Better with 80C

What Is Advance Tax and How Is It Calculated?

Income Tax Filing Using Multiple Form 16

Impact of GST on Life Insurance in India

Tax Season Is Coming- Know How to Save Tax

What are the Different Types of Taxes in India?

What is ITR & How to File Income Tax Return?

How to save tax for salaried person?

How Much Money This Budget 2019 Can Help You Save

How to View 26AS and Download Form 26AS Online?

Income Tax Exemption for Physically Handicapped Dependent

Income-Tax Liability- The Difference Between Gross Income & Total Income in Calculating Income Tax

How to View 26AS and Download Form 26AS Online

Difference between Section 80C, 80CCC, 80CCD & 80D

What is Section 195 of the Income Tax Act? TDS on Non-Residents of India

Tax Saving Guide for 2019-20

Income Tax Deduction Under Section 80CCC In India

Difference Between Guaranteed and Assured Returns

Financial Benefits and Government Schemes Every Woman in India Should Know

Are Financial Planning and Tax Planning the Same Thing?

What is Form 16B?

What is the Last ITR Filing Date and Penalty for Late Filing of ITR?

Sub-sections Under Section 80C of the Income Tax Act, 1961

Understanding Tax Exemptions in ULIP (Old and New)

How can I get Form 16B from traces?

प्रत्यक्ष कर और अप्रत्यक्ष कर में क्या अंतर है?

How to Get Form 16?

What is Section 80C Deduction Limit?

Income Tax Benefits for Doctors

What is the Difference between Form 16 and Form 16A?

What is Section 80C - Explained in Detail

Union Budget Highlights – 1st February 2022

Income Tax Slabs and Rates in India for FY 2021-22/AY 2022-23

इनकम टैक्स रिटर्न कैसे फाइल करें?

Why is Form 16 Important?

Guide for Tax Calculation on your Salary

List of Important Income Tax FAQs

What is a savings plan?

Tax Benefits of ULIP Plans Available for NRIs

How to File Income Tax Return without Form 16

Income Tax Deductions & Exemptions under Sections 80C, 80D & 80DDB for FY 2021-22 & 2022-23

Received an Income Tax Notice? Your Guide to Understanding Intimations under Section 143 (1)

आयकर रिटर्न (आईटीआर) फॉर्म के प्रकार

What are Direct Taxes? How to Avoid being Overtaxed?

Why January Is an Important Month for Saving Tax?

What is Form 26AS - All You Need To Know

How to Download Form 16?

Income Tax Filing For NRI in India

How to Check Income Tax Refund Status Online in India