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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 is a convenient and efficient way to file income taxes. It offers flexibility, faster processing, and reduced errors, contributing to a smoother tax filing experience.
The income tax online payment process with Challan 280 has been migrated from the OLTAS e-payment portal to the e-Pay Tax facility of the E-Filing portal. Simple steps allow you to file your income tax online with the Challan 280. Taxpayers can choose the method that suits them best, whether it be the convenience of online transactions or the traditional approach of visiting designated bank branches.
Every year, when the time comes to fill out income tax, people rush to their Chartered Accounts to fill their returns. However, you need not depend on your CA because, with the help of Challan 280, you can easily pay your tax online.
Income Tax Challan 280 is a form available on the official website of Income Tax India. You are required to fill out 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.
You can pay your income tax online with the Challan 280 form by following the below-mentioned steps:
Step 1: Visit the e-Pay Tax portal
Step 2: Enter your PAN and mobile number
Step 3: Select the tax type and assessment year
Step 4: Fill in the payment details
Step 5: Choose the payment method
Step 6: Verify and submit the payment details
Step 7: Make the payment
Step 8: Receive payment confirmation
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 making your income tax payment 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 7 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 it comes to paying your income tax online and offline. Here are some key benefits:
Challan 280 is a standardized form used for various income tax payments, removing the need for separate forms for different situations. You can use it for self-assessment tax, advance tax, regular assessment tax, and more.
You can choose to 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 for 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 clearly 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 the field of income tax payments. It empowers taxpayers, simplifies complex processes, and ensures a smoother and more accountable financial journey. Embracing Challan 280 is not just a choice but 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.
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