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Challan 280 Income Tax Payment Online: All You Need To Know

Image Of Challan 280 Income Tax Payment

23-08-2022 |

Taxes* are an essential source of revenue for the government that helps in the country’s development. So, paying taxes on time must be a priority for you. Before the digitisation era, filing income tax* returns was a cumbersome process that took significant time and effort. Today when everything goes digital, tax* payment has become a hassle-free process.

This article will tell you about the income tax challan 280 online payment.



What is Income Tax Challan 280?
 

With the introduction of the e-tax* system by the Income Tax Department, you can pay your income tax* either online or by visiting designated bank branches through a cheque/ demand draft/cash. Whatever the mode of payment, you must submit challan 280.

Challan 280, or ITNS 280, is used for Income Tax* payments which may include advance tax*, self-assessment tax*, surcharge, regular assessment tax*, etc., levied on companies, partnership firms, individuals, etc. For offline payment, you can fill out the challan 280 form with relevant information and submit it to the bank with the income tax* payment.

To download the challan 280 form, visit the website:
https://www.incometaxindia.gov.in/Pages/default.aspx


Income Tax Online with Challan 280  

However, if you wish to submit your challan 280 online, you need to follow the steps below:

  1. Visit the Tax* Information Network of the Income Tax* Department; i.e., the TIN NSDL website https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp and click on “e-pay taxes”.
  2. Click proceed on challan/ITNS 280. Furnish the required details in the form.
  3. Select option (0020) if tax* is levied on a company.
  4. If not levied on a company, choose option (0021). Other than the company may include LLPs, Partnership firms, individuals, etc.
  5. Select the assessment year for which the taxes* are paid. Next year the financial year is known as the assessment year.
  6. Now select the payment option. If you are paying taxes* for the same financial year based on your estimated income, it is an advance tax challan 280 (100). However, it is a self-assessment tax* (300) if you have any outstanding income tax* and are paying after the end of a financial year.
  7. Select the bank’s name through which payment will be made.
  8. Provide the PAN (Permanent Account Number) details.
  9. The tax* amount is not furnished in challan 280 but on the bank’s website.
  10. Enter your details like address, email id and mobile number.
  11. Enter the captcha code and click “Proceed”.
  12. Recheck all the information given in the confirmation window displayed on the screen.
  13. Now click “Submit to the bank” or “Edit” if you want to change any detail.
  14. Log in to your account on the Net banking page.
  15. Enter the details such as taxes payable, surcharge, etc.
  16. After providing the above details, click “Calculate tax” after which the total taxes* to be paid are shown.
  17. Now click the “Make Payment” option.
  18. After the payment, challan 280 is generated with a CIN (Challan Identification Number). This is the receipt of your payment.
  19. This challan 280 payment receipt can be saved on the computer or printed. Ensure you keep a copy of your CIN safely. It needs to be quoted while filing an Income tax* return.
 

Things to Keep in Mind

  • Assessment year: The assessment year is the succeeding year to the financial year. So, do not confuse the financial year with the assessment year while filling challan no 280 online.

  • Tax* code: Ensure you select the correct tax* code under the “tax applicable” and “type of payment” options. Your challan 280 online payment will not be reflected in the income tax* department in case of the wrong code.

How to Check if Your Payment is Successful?

Picture Of Challan 280 Income Tax Online

 

The Income Tax* Department allows taxpayers to check the challan 280 payment status. The facility helps to know if your income tax challan payment made online/offline has successfully reached the Income Tax* Department. You can verify your payment through the link given:

https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer


It takes some days to display your payment on the link given. So, after a few days of the payment, you can check the payment status by providing your Challan Identification number and other required details.


Advance Tax

Advance tax* is payable if the taxable amount due is ₹10,000 or above in a financial year. Your employer makes the tax* payment with the Tax* Deducted at Source if you are a salaried individual. Freelancers and business persons pay advance taxes on their own. The following incomes are eligible for advance tax*:

  • Capital gains
  • Rental income
  • Income from interest
  • Income from horse races
  • Income from house property


Self-Assessment Tax

Self-assessment tax* is the payable amount due while filing the ITR. You can file the income tax* return successfully only after paying the self-assessment tax*. You are liable to pay interest under Sections 234B and 234C if taxes* are paid after the end of the financial year.


Outstanding Demand Payment

Income tax* paid in response to an income tax* notice is called the outstanding demand payment. You can pay these taxes online after permission from the assessing officer.


Conclusion

Now you know about the challan 280 payment online. So, ensure you pay your taxes* on time with a hassle-free process. Also, know the types of taxes* to avoid mistakes while filling out the challan 280 form.


So, buy a suitable life insurance plan with  Tata AIA life insurance company to give your loved ones a protective financial shield along with tax* benefits. With an easy claim settlement process, the life insurance company offers a range of insurance policies tailored to suit your needs and cost. 

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Tata AIA Life Insurance

A joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA),  Tata AIA Life Insurance  is one of the leading life insurance providers in India. We post everything you need to know about life insurance, tax savings and a variety of lateral topics such as savings and investments in this space. You can access and read a host of different blogs, articles and pages at the Tata AIA Life Insurance Knowledge Center or get in touch with us with any queries or questions!

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Frequently Asked Questions

For what challan 280 is used?

Challan 280 is used for income tax* payments, including self-assessment tax*, advance tax, regular assessment tax*, surcharge, tax* on distributed profits, etc., levied on companies, partnerships, individuals, etc. 

What can I do if I face any issue with income tax* payments?

You can either visit the NSDL website or call on 1800-222-080 when faced with issues in income tax* payments.

How can I check the income tax challan 280 payment status?

To check the online payment status of challan 280, you need to furnish details like Challan Identification Number, challan serial number, BSR code, and challan tender date. 

Which Challan is used for income tax* payment?

There are 8 challans for income tax* payments which are as follows:

  • Challan 280
  • Challan 281
  • Challan 282
  • Challan 283
  • Challan 284
  • Challan 285
  • Challan 286
  • Challan 287

Disclaimers

 

  • Insurance cover is available under the product.
  • The products are underwritten by Tata AIA Life Insurance Company Ltd.
  • The plans are not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • This blog is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. The information is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
  • Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.
  • Every effort is made to ensure that all information contained in this blog is accurate at the date of publication, however, the Tata AIA Life shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material.
  • *Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.