Mode-The offline way of paying taxes

I go to the site www. Incometaxindiaefiling.gov.in

Click on challans

Download challan form ITNS 280 and take a print

Fill up :

My Permanent Account Number and Assessment Year (per aforesaid discussion)

Whether its income tax on companies or other than companies- Out of two tick  boxes, since you are an individual, tick off ‘Income Tax (Other than companies)’

My Name and Address and phone number

Whether it is Advance tax or Self Assessment Tax (tick please per above discussion)

Put the amount under details of payments in ‘Income Tax’ row.

The total amount I am paying in words and figures

The cheque no. and bank drawn on- You need to ask the bank where you are depositing tax what name to write here. Usually it is ‘Name of the bank’ A/c Income Tax

Date and sign

The bank drawn on- Several banks (not all banks) are authorised to deposit taxes. Most of  important PSUs and private banks are given such authorisation. Ask if the bank you have account with is authorised for taxes. If its so, you can easily go there and deposit the challan along with check, and they will pay off the tax and give you challan back same day or next day.

If your bank is not authorised for taxes, you give the cheque to any bank authorised, it will take the challan, send it for clearing and few days later (as per bank policy) return the paid challan.

So deposit timely, don’t do a last minute dash esp in time of self assessment tax, else I won’t get a challan in time to file the tax return.