The process of paying Income Tax has completely changed w.e.f 1st April, 2023 with TIN-2.0 coming into effect.
So here in this Article, we will provide complete details as to how to pay Income Tax/TDS from 1st April, 2023 onwards.
Here, We will discuss two ways of Paying Tax -
The step-by-step guide as how to pay Income Tax (be it Advance Tax, Self Assessment Tax) online is as under :
Through Income Tax portal without login into your account
(a) Visit the website
(b) On the next screen, you will be asked to enter your PAN/TAN and confirm your PAN/TAN also. Then mobile no. has to be provided on which OTP will be received. After entering these click on continue.
(c) Enter the OTP received on the mobile in next step.
(d) The following screen will appear after successful verification
(e) If you want to pay Advance tax, self assessment tax etc. click on Income Tax head. The following screen will come -
(f) Select Assessment year and type of payment. For Example if you want to pay Self Asstt. tax for A.Yr.2023-24 select as under :
(g) Enter the tax, interest etc. amount in next screen and continue
(h) On next screen, following payment options will be available
i.e. you can pay through net banking, debit card, pay at bank counter, through RTGS/NEFT or any payment gateway.
After choosing the relevant option, the tax payment can be made through bank account, RTGS/NEFT, debit card etc.
If you wish to pay the tax physically at bank counter, choose the "pay at bank counter option" and select the bank name on next screen and download the challan.
Physical copy of the challan has to be carried alongwith cheque at the bank counter.
(i) After successful payment, challan will be generated. Save the copy of challan for further use.
Payment of Income Tax after logging into your account
The same process can be done if you have Income Tax login account and want to pay the tax after logging into your account.
After login to your account, E-pay tax option will be available and the same process has to be followed. The only difference is that after login to your account, there is no need of OTP verification.
Payment of TDS
If you want to pay the TDS, then instead of PAN you have to enter the TAN. The rest of the process is same.
Need any help in Income Tax, TDS payments and filing of Income Tax, TDS returns -
Contact us at 91-8955833830 or email us at contact@karrtax.in or visit us at https://karrtax.in