How To Use Challan 280 To File Income Tax?
Challan 280, also called ITNS No. 280, refers to a form used to pay income tax. Individuals can use this form to pay regular assessment tax, advance tax, self-assessment tax, surcharge and tax on distributed income or profits.
You can use Challan 280 to pay tax via both online and offline methods. You can download the form from the official income tax website and go to a designated bank branch to make payments. Alternatively, you can make the income tax challan payment online at TIN NSDL’s website.
Now, let us look at how to file Challan No. 280.
How to Pay Income Tax Online Using Challan 280?
Follow the given steps to pay income tax online:
Step 1: Go to the official website of TIN NSDL.
Step 2: Go to ‘Non-TDS/TCS’, then ‘Challan No./ITNS 280’ and click on ‘Proceed’.
Step 3: The following page will contain a form, which you must fill up in 30 minutes.
Step 4: Fill in the following details:
- Tax applicable (0020 for companies, 0021 for any other taxpayer)
- PAN No. and full name as mentioned in the PAN card.
- Assessment year for which you will pay tax
- Type of payment (advance tax, self-assessment tax etc.)
- Select the mode of payment and name of the bank
Step 5: Type in your full address (with PIN code and name of state). After that, enter your mobile number and email ID.
Step 6: Enter the security code and click on the ‘Proceed’ button.
Step 7: On the confirmation page, click on ‘Edit’ to go back to the first page if any details are wrong. Otherwise, click on ‘Submit to the Bank’.
Step 8: Log in to your bank account and enter the details of income tax payable, surcharge, education cess, along with interest and penalty levied (if any).
Step 9: After you have paid the outstanding taxes, you will receive a challan counterfoil with CIN (Challan Identification Number). You can take a screenshot, download it or take a printout.
Also Read: A Step By Step Guide To Make TDS Payment Online
How to Download Challan 280 to Pay Tax Offline?
You can also download the Challan/ITNS 280 from Income Tax Department’s (ITD) official website. Then, you can submit the physical form at designated bank branches. To do this, follow the given steps:
Step 1: Go to the Income Tax India website and select the taxpayer type (individual, company, non-resident etc.)
Step 2: Navigate to ‘Forms/Downloads’ and click on ‘Challans’.
Step 3: You will be redirected to a list of all downloadable challans. ITNS 280 will be located at the top of this list.
Step 4: You can download the form in two different formats: A PDF file or a fillable form. Click on one of these two options.
Step 5: Take a printout of this form and fill in all relevant details such as your PAN, assessment year, residential address, and contact information.
Step 6: Submit this form along with the tax payment to a designated bank branch. You can pay this through cash, cheque or demand draft.
The bank will provide a stamped counterfoil as proof of payment, which you can use for future reference.
Proof of Payment of Taxes with Challan 280
After paying your taxes, a counterfoil of the challan will be generated. This is the proof of payment and contains details such as CIN, date of tax payment, tax amount, etc. The CIN is an acknowledgement of taxes paid and is required for any future correspondence with the ITD.
You will want to take a screenshot of the payment receipt or save its details. When filing ITR (Income Tax Return), you will need to furnish the BSR code, serial number of the challan, date of deposit and amount paid from this receipt.
If you do not have a copy of the challan counterfoil, you can approach the bank for challan regeneration. For some banks, you can simply log in to the net banking account and click on the challan reprint option.
Verification of Income Tax Payment via Challan 280
The ITD allows you to check and verify challan payment through NSDL’s official website. Moreover, you can know if the ITD has received your payment. There are two methods to verify challan payment:
- CIN based view: In this, you will have to type in the BSR code, challan serial number, amount of tax paid and tender date (for cash/cheque deposit). All this information is available on the challan counterfoil. After this, enter the security code and click on ‘View’.
You will get confirmation if TIN has received your challan payment and if the tax amount is correct.
- TAN based view: You can also view using the TAN (Tax Deduction and Collection Number) and challan tender date to view tax payment details. Moreover, this option allows you to enter a date range during which you can make the payment for the system to validate.
Also Read: 6 Ways To e-Verify Your Income Tax Returns Online
How to Correct Any Detail in Challan 280?
If an assessee notices any mistake in his/her challan, he/she can go to the bank accepting tax payments to correct it. Assessees will need to carry the original counterfoil received for the tax payment and a copy of their PAN card. They will need to ask for a correction form at the bank branch and submit it with the other required documents to file for correction.
The following are the time frames from the date of challan payment when banks will accept corrections:
- Total tax amount: 7 days from challan deposit
- Assessment year: 7 days
- Taxpayer’s PAN/TAN: 7 days
- Minor and major head code: 3 months
- Payment nature: 3 months
If you miss filing a challan correction request within this time, you have the option to contact the AO (Assessing Officer) of your jurisdiction. For payment via online mode, only the AO can authorise rectifications.
Final Word
Challan 280 has made it easy for anyone to pay their income tax. People can check the total tax they are liable to pay on TIN NSDL’s website and pay the taxes without the help of a Chartered Accountant (CA) or other third parties. Then, they can quote the receipt from this payment in their Income Tax Returns.
Frequently Asked Questions
Ans: To find out the income tax for a particular assessment year, take a look at your salary slips to find your gross income. Subtract any deductions such as HRA, dearness allowance and deductions under Section 80 of the Income Tax Act. Next, subtract any TDS deducted from your salary to find your taxable income. Your tax liability depends on the income tax slab your fall under.
Ans: Anyone liable to pay annual taxes of over Rs. 10,000 needs to pay such taxes in advance. People running a business, freelancers and salaried individuals with high income from interest and capital gains usually need to pay advance tax.
Ans: You need to pay tax at the time of filing Income Tax Returns (if any). Such taxes that you pay online to make sure that your e-filing is successful is self-assessment tax. March 31 is the last date of submission of self-assessment tax for a financial year. Otherwise, the assessee is liable to pay penalties under Section 234B and 234C.
Ans: Besides salary, you need to pay taxes on the following incomes:
Income from property, i.e., rent
Earnings from a part-time job or profession
Income from selling capital assets
Residual income from other sources such as fixed deposits, pensions, gifts, etc.
Ans: These are some of the challans for tax payments:
ITNS 280: Income tax
ITNS 281: Payment of TDS/TCS
ITNS 282: For STT (securities transaction tax)
ITNS 284: Payment under Black Money Act 2015
ITNS 286: Payment under income declaration scheme
ITNS 287: For PMGKY (Pradhan Mantri Garib Kalyan Yojana)
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This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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