e-Pay Tax: How to make e-Payment of Tax on Income Tax portal?

Keeping pace with the evolving technology and our dependence on it, the income tax department has allowed for online payment of taxes.

Prerequisites for e-Tax Payment

To be able to pay your taxes online one must ensure the following:

• You must have an account with a bank which is authorised to process the tax payments
• You must have internet banking activated on the account through which you want to make the payment.

Procedure of e-Tax Payment

Here's a step-by-step guide on how to make tax payment on the Income Tax Portal without logging in:

Step 1: Go to the Income Tax Portal and Navigate to the 'e-Pay Taxes' Section

1. Visit the Income Tax Portal at https://www.incometax.gov.in/
2. On the left side of the home page, there is a 'Quick Links' section, click on the 'e-Pay Tax' option. You can also search for 'e-Pay Tax' in the search bar.

Step 2: Enter PAN/TAN and Mobile Number

1. On the ‘e-Pay Tax’ page, input your PAN and re-enter to confirm it. Then, provide your mobile number and click ‘Continue’.

2. Enter the 6-digit OTP received on your mobile number and 'Continue'.
   

Step 3: Select the correct Assessment Year and Payment Type

1. Select the first box labelled as ‘Income Tax’ and click on ‘Proceed’
   
2. From the ‘Assessment Year’ dropdown menu, select 2023-24
3. Under the ‘Type of Payment’, select ‘Self-Assessment Tax (300)’ and click on 'Continue'.

Step 4: Enter Tax Payment Details

Make sure to input the payment amounts correctly under the appropriate category. You may refer to the pre-filled challan on ClearTax to obtain all the necessary amounts.

Step 5: Select the Payment Method

1. Select the payment method and the bank to make the tax payment and press 'Continue'.
2. Payment can be made using internet banking, debit card, credit card, RTGS/NEFT, UPI or you can choose to pay at the bank counter.

Step 6: Verify Payment Information

1. After you click on 'Continue', there will be an option to preview the challan details.
2. Double-check the payment information you entered to ensure it is accurate, then click on the 'Pay Now' option at the bottom of the page to make the payment.
3. If you need to modify the details, click on 'Edit'.
   

Step 7: Submit the Payment

1. Tick the checkbox to agree to the Terms and Conditions after reading them and click on 'Submit To Bank'.

Step 8: Receive Payment Confirmation

You will receive a confirmation once your tax payment has been successfully submitted.

Note: Remember to download the challan as you will need the BSR code and Challan number for completing the return filing process.

Step 9: Add details on ClearTax

1. Now, resume your tax filing on ClearTax. Click on ‘Add Paid Tax Details’. 
   
2. Enter the Tax amount paid along with other details from the challan like date of payment, BSR Code, Challan Serial No.
   

You can now proceed to ‘e-file’ and ‘e-verify’ your return

Eligibility for e-Tax Payment

With effect from 1st April, 2008 the following assessees have to mandatorily pay taxes electronically.

• All the corporate assesses.
• All assesses (other than company) to who the provisions of section 44AB of the Income Tax Act, 1961 are applicable.

Benefits of e-Tax Payment

The provision of being able to pay taxes electronically has definitely made paying taxes a lot easier. Some of the benefits of e-Payments are as follows:

• Saves time and can be done at one’s convenient time, avoiding long queues
• Tax department records are updated automatically without the taxpayer having to take additional measures to ensure the updating of records
• Instant generation of the receipt of tax payment
• Verifying the status of tax payment can be done online

Banks Authorised for e-Tax Payment

Here's an updated list of banks that can be found on the e-filing portal for e-payment of taxes w.e.f 28.04.2023:

• Axis Bank
• Bank of Baroda
• Bank of India 
• Bank of Maharashtra
• Canara Bank
• Central Bank of India 
• City Union Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDBI Bank
• Indian Bank 
• Indian Overseas Bank
• IndusInd Bank
• Jammu and Kashmir Bank
• Karur Vysya Bank
• Kotak Mahindra Bank
• Punjab National Bank
• Punjab & Sind Bank
• RBL Bank
• State Bank of India
• UCO BANK
• Union Bank of India

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