How to pay your Income Tax online?

If you are a salaried individual, your employer probably deducted the taxes you have to pay from your salary (via TDS). But if you are self-employed or have income beyond salary (such as rental income), the taxes deducted at source (TDS) may not be enough for your income tax payment. To determine how much, if any, tax you must pay or to check if you are eligible for a refund, you must file your taxes (click here to read our guide on how to file your income tax return online).

What do you need to make an online income tax payment?

  • HDFC Bank is one of the designated banks that accept online income tax payments. To pay income tax online through your bank, you can use NetBanking, your Credit Card or your Debit Card to pay taxes.

  • If you don’t have an account in one of the designated banks, you can use an account that belongs to your spouse or friend to make an online tax payment. But remember to write your PAN in the challan.

  • You can even make income tax payments offline at any branch of any designated bank. Fill up your challan, go to the nearest branch, and make the payment.

Before you begin the payment process, you must calculate how much tax you have to pay.

How to pay income tax online step-by-step

  • To begin filing your income tax returns online, click here.

  • On the next page, choose Challan No 280 from the list of challans

  • Choose Income Tax (other than companies) if you are filing as an individual

  • Fill in details of your PAN card, assessment year, address, email ID, and mobile no. Click proceed.

  • On the next page, make sure the name displayed is yours

  • Choose the self-assessment tax in the tax payable option (if you are paying tax for the previous financial year on 31st July)

  • If you have a NetBanking account, choose HDFC Bank

  • Click proceed

  • You will be taken to the HDFC Bank NetBanking login page. Login to NetBanking.

  • Fill in your income tax amount and surcharge or cess, if any. Your total tax amount will automatically be calculated.

  • Click pay. You will get a Challan Identification Number (CIN). Save it. You will need to enter the CIN when you file your returns. You can recover the CIN from your bank for up to 90 days.

To get you started, here are some of the important dates for filing your income tax returns you need to keep in mind. Click here to know more.

That’s it. You are done paying your taxes.

Please note: After taxpayers urged the tax department and the finance ministry, the government has extended the deadline for filing income tax returns to 15th March 2022. So, if you still have to file your taxes, do take advantage of this extension.

Investor can claim a deduction of a maximum of Rs. 1.5 lakh per annum by investing in a tax-saving FD. Know about your returns with FD Calculator.

Investor can claim a deduction of 1.5 lacs by investing in tax saving fixed deposit.

* The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. You are recommended to obtain specific professional advice before you take any/refrain from any action. All information is subject to the relevant Act, Rules, Regulations, Policy Statements, etc., of the Income Tax Department and subject to change. Viewers are advised to verify the content from original Government Acts/Rules/Notifications etc.s