HOW TO PAY TAXES ONLINE

HOW TO PAY TAX(TDS,ADVANCE TAX,CDT,SELF ASSESSMENT TAX) ONLINE:

Pay Tax Online​​

Step-1

To pay taxes online, login to http://www.tin-nsdl.com > Services > e-payment : Pay Taxes Online or click here on the tab "e-pay taxes" provided on the said website. Provide proper link of e-payment

Step-2

Select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284 or Form 26 QB demand payment (only for TDS on sale of property) as applicable.

Step-3

Enter PAN / TAN (as applicable) and other mandatory challan details like accounting head under which payment is made, address of the tax payer and the bank through which payment is to be made etc.

Step-4

On submission of data entered, a confirmation screen will be displayed. If PAN / TAN is valid as per the ITD PAN / TAN master, then the full name of the taxpayer as per the master will be displayed on the confirmation screen.

Step-5

On confirmation of the data so entered, the taxpayer will be directed to the net-banking site of the bank.

Step-6

The taxpayer has to 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.

Step-7

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.

Source: http://www.incometaxindia.gov.in/

FORMS TO BE USED FOR PAYMENT OF TAXES IN INDIA:

Use the following forms for payment of Taxes:

Form:26QB   : Payment of TDS on Sale of Property

Click here to pay:

 https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=1347647563

Payment against CPC (TDS) raised demand (only for TDS on Sale of Property):

https://onlineservices.tin.egov-nsdl.com/etaxnew/PaymentDemand?rKey=1347647563&link=demand

CHALLAN NO:/INTS:281:

To pay Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporate

https://onlineservices.tin.egov-nsdl.com/etaxnew/PaymentDemand?rKey=1347647563&link=demand

CHALLAN NO./ITNS 280:

Payment of Income tax & Corporation Tax

https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=462397781

CHALLAN NO./ITNS 282:

(payment of Security Transaction Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax /Other direct taxes & Gift tax)

https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=462397781

CHALLAN NO./ITNS 283(payment of Banking Cash Transaction Tax and Fringe Benefits Tax)

https://onlineservices.tin.egov-nsdl.com/etaxnew/PopServlet?rKey=462397781

Source: http://www.incometaxindia.gov.in/

Taxation

Well all of us are quite excited about how we can make a planning out of tax provisions so as to reduce our tax liability
So let's have a look how it worked out in the past and how the department checked it

Let us start:
1.Tax on Sale or transfer of Personal Effects not liable to any kind of tax
Rationale:Personal effects are not capital assets and personal effects when usually sold are sold at lower than buy price
Tax Planning:Any amount on sale of Car,Furniture I.e Personal Effects are not liable to tax.

2.Agricultural Land:
In India,majority of population lives in villages and most of the villagers are Agriculturist. Most of them are not able to make a good living out of this.So,Agricultural land is specifically excluded from the definition of Capital Asset and any gains arising from Transfer of Capital Asseet is not liable to any kind of tax.Any income arising from sale/transfer of agricultural land is not chargeable to tax

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