How to Pay Income Tax Online in Advance ??
of Advance tax means payment of anticipated tax on our total expected
income before the end of
financial year itself ie. 31st March of the financial year. Advance tax
payment within due dates is required by Income Tax Act. Non payment of
advance tax on due dates brings in a penal charge in the form of
interest @ 1% on outstanding tax amount. Payment of
in advance within the financial year saves us from this extra burden of
dates for Advance Tax payment
to Calculate Advance Tax payable?
Step by step process to pay Advance
Income Tax online/e-payment of advance tax:
Make sure that you enter correct Assessment
Go on to the following link.
Following window will appear:
Now Select Challan No./ ITNS 280. Following
form will appear....
Follow the process:
- Fill the above form carefully.
- Select Income Tax other than Companies.
- Relevant Assessment Year
for Financial Year 2013-14 will be 2014-15
- Type of payment will be Advance Tax.
your bank for online payment.
- Enter the captcha code.
submission of above form, a confirmation screen will
your name as appears on your PAN card. Check the details and now on
confirmation it will take you
to your bank's online website. Following screen will appear:
- Here it
will ask you to fill the details of your tax payment. Fill the entire
amount of payment against Income Tax as shown above.
- Make the required payment as
any other online payment is made.
- On payment a receipt of payment (Tax
Challan as shown) will appear.
- Take print /save the same.
of Payment and BSR Code of the bank
will be filled in Income Tax Return.
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