Is it mandatory to pay tax online?

It is mandatory for the following categories of taxpayers to make tax payment online with effect from April 1st, 2008: ● Company ● A person (other than company) who are subject to the provisions of Section 44AB of the Income-tax Act, 1961. Other category of taxpayers can pay tax online or offline by submitting Challan Form (CRN) at the Authorized banks.

Can a taxpayer request for refund/reversal of the tax amount paid mistakenly?

No, a taxpayer cannot request for a refund/reversal of the challan amount.The taxpayer is advised to claim that amount as a tax credit in the income tax return and obtain refund thereafter from the Income tax Department.

What can a taxpayer do in case he/she makes incorrect tax payment (wrong assessment year/ wrong type of payment)?

In case a taxpayer has made an incorrect tax payment for A.Y. 2020-21 onwards, there is a mechanism to rectify this error online on the income-tax portal after logging in on the dashboard under the tab ‘Services’🡪 ‘Challan Correction’.This allows taxpayers to make corrections to their challans related to ‘Assessment year’, ‘Tax Applicable (Major head)’, that is and ‘Type of Payment (Minor head) (i.e. Advance tax, Self-Assessment Tax, tax on Regular assessment), for tax payments of A.Y. 2020-21 onwards. However, the correction must be made within ‘7’ days of Challan deposit date. If 7 days have lapsed or if the correction pertains to any year prior to A.Y. 2020-21, the taxpayer must approach his/her jurisdictional assessing officer to correct the challan regarding the error. The jurisdictional assessing officer has the power to make the necessary corrections in the challan. The details of the jurisdictional assessing officer can be found on the e-filing website of the income tax department.

What to do if a taxpayer is not able to see his/her bank in net banking mode?

Payment can be made through Net banking facility of Authorised Banks only. At present, there are 22 Authorised Banks which collect income tax. Taxpayers having an account with any other Bank other than the Authorised Banks, may choose option of NEFT/RTGS mode or Net Banking under Payment Gateway mode. ou can pay tax via using Kotak Mahindra Bank Payment Gateway mode, wherein you can check and select your Bank listed therein to complete the tax payment via net banking facility, or by any other payment mode like debit cardcredit card or UPI

What if a taxpayer forgets to download Challan Receipt after successful payment?

After successful payment, if the Challan Receipt is not downloaded, the same is available for download in the ‘Payment History’ tab of the ‘e-Pay Tax’ tab after logging in the e-filing portal.A taxpayer can also view the tax payment by downloading the Form 26AS or Annual Information Statement (AIS).

Can online tax payment be made for previous years?

Yes, tax payment can be made for previous years via online and offline mode if there is any outstanding demand or tax liability.

Is it possible to make a partial tax payment?

Yes, partial tax payments can be made. There is no restriction on the number of times you can make tax payments.

Online e-Tax Payment for Income Tax

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Paying taxes and filing your return of income on time has become a must. Digitization by the Income Tax department has brought about many changes to facilitate tax payments in an easy and convenient way. Direct tax payments facility has been migrated from OLTAS 'e-payment: Pay Taxes Online' to e-Pay Tax facility of E-Filing portal of the Income Tax Department on https://www.incometax.gov.in/

Benefits of Online e-Tax Payment

Taxpayers can make online e-tax payments from anywhere and at anytime.
Online payment facility enables taxpayers to complete their tax payment transactions quickly. There is no need to visit the bank and wait in long queues.
The Income-tax department instantly receives the e-tax payment. There is no manual procedure to be followed by the Bank.
Taxpayers receive immediate confirmation that their tax payment has been made.

Read Also : टीडीएस भुगतान

Pre-requisites of Online Tax Payment:

Without log in

Valid PAN for which tax payment has to be made
Debit Card / Credit Card / Net banking facility / UPI
Valid Mobile number to receive One Time Password (OTP)

With log in

Registered user in the e-Filing portal www.incometax.gov.in
Debit Card / Credit Card / Net banking facility / UPI

You can pay your taxes online via the ‘e-Pay tax’ functionality on the e-filing portal of the Income-tax Department. There are two ways to pay tax via the e-filing portal - by logging in and without logging in to your income tax e-filing account.

Given below is a step-by-step guide for making online tax payments -

Option A: Without logging in to the income tax portal

Step 1: Go to the e-Filing portal ‘www.incometax.gov.in’ and under ‘Quick Links’, select ‘e-Pay Tax’

Step 1- Go to the e-Filing portal - Kotak Income Tax Payment

Step 2: Fill up PAN details and complete the OTP verification with the mobile number and click on ‘Continue’

Step 2- e filing portal - Fill up PAN details and complete the OTP verification - Kotak Income Tax Payment

Step 3: After OTP verification, a success message with your PAN and masked name will be displayed. Click on ‘Continue’ to proceed.

Step 3- e filing portal - Click on Continue to proceed - Kotak Income Tax Payment

Step 4: Click on ‘Proceed’ under the window ‘Income-tax’

Step 5: Select assessment year and Type of payment (Minor head) as 'self-assessment tax (300)' or ‘advance tax (200)’ (as required) and then click on 'Continue’

Step 5- Select assessment year and Type of payment- e filing income tax portal - Kotak Income Tax Payment

Step 6: Fill in the accurate details of tax payment under the relevant categories and click on ‘Continue’

Step 7: In the Select Payment Mode page, select the payment mode (Net Banking/ Debit Card/ Payment Gateway) from the options given under online payment and click on ‘Continue’. The online payment of tax can be made via following modes through the Authorised Banks –

Net Banking - No transaction charge/fee is applicable for making tax payment through this mode.
Debit Card - No transaction charge/fee is applicable for making tax payment through this mode.
Payment Gateway - This mode provides a wide range of payment options to the taxpayer like net banking, debit card, credit card and UPI available with the payment gateway service provider. The transaction charges if any, will be applicable over and above the tax amount in this mode.

Kotak offers you a simple and seamless way to make such tax payments in a hassle-free manner. You can use Kotak net banking (if you are a Kotak customer) or the Kotak payment gateway (if you are not) to make your tax payment on time.

Step 7- select the payment mode under online payment

Step 8: Preview and verify the details and then click on ‘Pay Now’ to make the tax payment or edit the details in case of any error and thereafter verify the details again and click on ‘Pay Now’

Step 8- verify details and click on Pay Now to make the tax payment

Step 9: Tick the checkbox after previewing the terms and conditions and thereafter click on ‘Submit to Bank’ to continue with the payment. Based on the payment mode selected, you shall be redirected to the respective webpage for completing the payment transaction.

Step 9- click on Submit to Bank to continue with the tax payment

Step 10: Once payment is complete, the Challan Form (CRN) will be generated successfully. Download the Challan Form (CRN) for your records and for completing the return filing process.

Step 10- Download the Challan Form CRN - online tax payment

Option B: Post logging in to the income tax portal

Alternatively, you can also make the tax payment by logging in to your income tax portal by following the below given steps –

Step 1: On the home page of the e-filing portal of the Income tax department, click on ‘Login’ and thereafter enter your income tax e-filing login credentials.

Step 2: On the Dashboard, under ‘e-File’ select the option ‘e-Pay Tax’.

Step 2- select the option e-Pay Tax on e filing portal

Step 3: On the ‘e-Pay Tax’ page, click the New Payment option to initiate the online e-tax payment.

Step 3- click the New Payment option to initiate the online e-tax paymen page

Step 4: On the New Payment page, click on ‘Proceed’ under the window ‘Income-tax’.

From here on, please follow Step 5 to Step 10 (as given above in Option A) to complete your tax payment online.

Note: After successful payment, you will receive a confirmation email and an SMS on the Email ID and Mobile number registered with the e-Filing portal.

Mistakes to avoid:

Incorrect year of payment
Incorrect tax payment category (advance tax/self-assessment tax).
Incorrect PAN details in case of tax payment made without logging in to the income tax e-filing portal
Not checking the challan details before making the tax payment