Online Tax Payment

If you are a salaried individual, your employer must have deducted the taxes from your salary (via TDS). But if you are self-employed, have your own business, or have income beyond salary (such as rental income), the taxes deducted at source may not be enough for your income tax payment. Under such circumstances, you may need to pay taxes online.

Earlier, online tax payments were made via Tin-NSDL website. However, Income-tax department has recently introduced e-pay tax services under which the majority of the banks (as on Feb 2023) have been migrated to the e-pay tax services.

Below mentioned steps will guide you on how to pay online taxes:

1. Visit the income tax e-filing portal - https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

2. Go to the 'e-file tab’ and select ‘e-pay tax’

3. Click on ‘new payment’ and proceed with the nature of tax payment (i.e. advance tax, self-assessment tax, etc.).

4. Select the assessment year, and nature of tax and fill the tax amounts

5. Click on Continue and proceed with the tax payment by selecting the desired mode of payment like net banking, debit card, payment gateway, etc. – AU Small Finance Bank offers these options for making payment and the taxpayer can use AU Small Finance Bank’s offerings and make the online tax payment.  

6. After making the payment, you can download the challan receipt under the e-pay tax tab (refer: generated challans and payment history).

The online tax payment system is extremely easy and completely secured. You can discharge your tax liability by paying taxes online in a couple of minutes and generate the tax challans for record purposes.

Disclaimer

This blog has been prepared to provide thereaders with general information and basic understanding of online tax payment. The Income tax definitions and rules keep on changing, so it is suggested that to avoid any doubt, the reader should cross-check all the facts and contents of the material.

Before taking any decisions, please consult your tax advisors.