As I have earlier written that income tax payment online would be mandatory from January 1,2008BUT THE DATE HAS BEEN NOW 1/04/08PRESS RELEASE HAS BEEN ISSUED BY CBDT READ THIS.So one should also interested in how to make e payment of taxes through internet.
in my view internet payment is easier than manual payment(deposit in bank branch).The basic advantages are given below.
In e payment of taxes ,there is no need to issue a cheque or deposit cash for taxes.
No need to download software or purchase income tax challan form.
Your Pan /Tan will be verified from income tax database .so less risk for wrong deposit of taxes
No Q,instant receipt of challan
chances of uploading wrong data by Bank Employees will reduced
and there are other benefit also. Now lets know how to make e payment of tax.
you can select one of the two gateways.
Start the process from NSDL/INCOME TAX web site
Start the Process From you bank website.
presently only six banks are authorize to receive payment through internet for income tax .
i.e
Axis Bank
State Bank of India
Punjab National Bank
Indian Overseas Bank
Canara Bank
Indian Bank
Bank of India
Corporation Bank
State Bank of Bikaner & Jaipur
State Bank of Travancore
State Bank of Indore
Vijaya Bank
HDFC Bank
Oriental Bank of Commerce
State Bank of Patiala
IDBI Bank
Union Bank of India
lets learn Start the process from NSDL/INCOME TAX web site
click the above link & than select link given at bottom of your bank's name
select the appropriate challan form from 280,281,282,283
fill the the selected form and select the bank from which you want to transfer funds
click submit
a message will appear"
For the TAN/pan given by you above, the name as per Income Tax Department database is '...........................................................................................'. If the name is right, then click on "Submit to the bank"
if your name is matched with income tax data base than click the submit to bank button otherwise check your pan/tan or correct the name filled by you
you will lead to your net banking site ,login your self and confirm the payment .
a e receipt will be genrated ,save it for future use.
your e-payment process is complete now