Online e-Tax Payment for Income Tax - Step-by-Step Guide (2024)

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

1. Taxpayers can makeonline e-tax payments from anywhere and at anytime.
2. 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.
3. The Income-tax department instantly receives the e-tax payment. There is no manual procedure to be followed by the Bank.
4. Taxpayers receive immediate confirmation that their tax payment has been made.

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Pre-requisites of Online Tax Payment:

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

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

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 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 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 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 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.

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

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:

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