# New Article: Understanding and Paying Income Tax Using Challan 280
To deposit Advance Tax, Self Assessment tax, and Regular Assessment Tax, an individual has to use challan ITNS-280. It can be paid both through the internet (online or e-payment) and at designated branches of banks empanelled with the Income Tax Department (offline). This article will explain what Challan 280 is, how to pay online, and provide additional tips for individuals.
## Online and Offline Payment Methods:
### Online Payment:
1. Visit the Income Tax Department’s e-payment website: [income tax e payment ON Income Tax Department portal.incometax.gov.in]
2. Enter your PAN and mobile number and proceed after verification with OTP.
3. Select the Assessment Year (2024-25 for the current scenario) and choose “Advance Tax (100)” under Type of Payment.
4. Fill in the challan details like State Code, circle code (refer website for details).
5. Choose the payment method (net banking or debit card) and your bank.
6. Preview the challan for accuracy and click “Pay Now” to complete the payment.
### Offline Payment:
1. Download Challan 280 form from the Income Tax Department website.
2. Fill the challan with details like your PAN, assessment year, tax type (100 for Advance Tax).
3. Mention the installment number (depends on the due date).
4. Submit the completed challan at any bank authorized to collect tax payments.
### Additional Tips:
– Use an advance tax calculator to estimate your tax liability for accurate payment.
– Keep a copy of the challan for record-keeping during ITR filing.
– Ensure you pay before the deadline to avoid interest penalties.
## FAQ Section:
### How can I verify my Challan 280 payment?
You can verify the challan using the Challan Identification Number (CIN) in your receipt online through Form 26AS or by using the Challan Status Enquiry on the TIN webpage.
### What should I do after paying income tax through Challan 280?
After paying income tax using Challan 280, make sure to update your Income Tax Return with the details of the payment to avoid any penalties or issues.
### Can I reprint Challan 280 if I forget to download the receipt?
Yes, many banks offer the facility to regenerate or reprint Challan 280 for e-payment of Direct Taxes through the TIN-NSDL website.
## Conclusion:
Paying income tax using Challan 280 is a crucial step in fulfilling your tax obligations to the government. By understanding the process of online and offline payment methods, individuals can ensure timely and accurate tax payments to avoid any penalties or issues. Remember to keep a record of your payment receipt and update your Income Tax Return accordingly.
For more information and Frequently Asked Questions (FAQ), you can visit the [TIN-NSDL website](https://www.tin-nsdl.com/oltas/oltas-faq-payment.php).
Please note that this article provides general information and should not be considered as professional financial advice. If you have any doubts or need clarification, feel free to leave a comment for further assistance.
We hope this article has helped you better understand the process of paying income tax using Challan 280 and how to ensure compliance with tax regulations. Thank you for reading!
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*Disclaimer: The information provided in this article is for informational purposes only and should not be considered as professional financial advice. Please consult with a financial advisor or tax professional for personalized guidance.*