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How to pay income tax online

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Presentation on theme: "How to pay income tax online"— Presentation transcript:

1 How to pay income tax online
Presented By . Gosavi Sanket Satish ( Prob.Dy.SP.) Batch B

2 income tax Definition Types Of Income Tax Modes Of Payment
Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents). Types Of Income Tax Personal income tax Corporation income tax Modes Of Payment By using offline process or by filling it ONLINE on

3 General process of online payment of tax
Step 1 Register on Fill required data

4 General process of online payment of tax
Step 2 Enter Self information and check it by verification Step 3 Download form 26QC

5 General process of online payment of tax
Step 3 Download income tax return form from link displayed ITR 1 only for individual salary ITR 2 for more than 1 house property and other

6 General process of online payment of tax
Step 3 Check reciept Once the payment is done, you’ll get a tax receipt called Challan 280 on the next screen. Here, you’ll see details about your payment. The BSR code and challan serial number can usually be found on the bottom right. Important: Save a copy of the tax receipt or take a screenshot. You’ll need to enter the BSR code and challan number to enter in your tax return.

7 Screenshot of challan 280

8 Filing income tax return
Use BSR code and challan number for filing your return and nill it.

9 Benefits of paying income tax online
Easy to pay User friendly software system Confidentiality Accessibility to past data Prompt processing

10 Bottlenecks to paying income tax online
Cannot fill online income tax below 5 lakhs income Lack of awareness about e-filling of income tax The ITR forms are complicated Forgetting login password Calculating how much deductions can be claimed


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