Hi Corporates and Tax Audit Assessees!

Hi Corporates and Tax Audit Assessees!



This dose is for you… CBDT (Central Board of Direct Taxes) has made the e-payment of taxes compulsory starting this April 1, 2008. SO, GEAR UP!e-Filing of Returns is already mandatory for these assessees, Now, e-payment also.

Why e-payment also? God knows whether the tax department now even doubts payment facilities at Banks by way of cash / cheque /drafts? e-payment is a facility and facility cannot become mandatory. For example, drinking water is a facility at cinema halls, but drinking water cannot become compulsory! so is this facility of e-payment of taxes.As usual rules are rules and meant to be complied…

So, To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed below, which are the only banks offering this facility at present.

Account Holders of

Axis Bank
State Bank of India
Punjab National Bank
Indian Overseas Bank
Canara Bank
Indian Bank
Bank of India
Corporation Bank
State Bank of Bikaner & Jaipur
State Bank of Travancore
State Bank of Indore
Vijaya Bank
HDFC Bank
Oriental Bank of Commerce
State Bank of Patiala
Bank of Baroda
IDBI Bank
Please Click Here
Account Holders of

Union Bank of India
Please Click Here


Procedure for e-payment:

1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.

2. Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.

3. If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.

4. On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.

5. The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.

6. On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.