Online payment of Direct Taxes

Online payment of Direct Taxes

Online payment of Direct Taxes- The following challans are used for different types of payment under the Direct Taxes.

Sl. No.Challan No.DescriptionTypes Of Payment
1.ITNS 280For payment of Income Tax and Corporation Tax.-Advance Tax
-Surtax
-Self Assessment Tax
-Tax On Distributed Profits Of Domestic Companies
-Tax On Regular Assessment
-Tax On Distributed Income To Unit Holders
-Secondary Adjustment Tax
-Accretion Tax
2.ITNS 281For depositing Tax Deducted at Source/Tax Collected at Source (TDS/TCS) from corporates or non-corporates.-TDS/TCS Payable By The Taxpayer
-TDS/TCS Regular Assessment (Raised By IT Department)
3.ITNS 282For payment of Securities Transaction Tax, Hotel Receipts Tax, Estate Duty, Wealth Tax, Gift Tax, Expenditure Tax and Other direct taxes.-Advance Tax
-Tax On Regular Assessment
-Self Assessment Tax
4.ITNS 283For payment of Banking Cash Transaction Tax and Fringe Benefits Tax.-Advance Tax
-Tax On Regular Assessment
-Self Assessment Tax
5.ITNS 284For depositing payment towards Demand/Penalty/Interest etc under Undisclosed Foreign Income and Assets and Imposition of Tax Act, 2015 (Black Money Act).-For Type of Payment 109
-For Type of Payment 108
6.ITNS 285For Payment of Equalization Levy.Levy payable by Deductor/ E-commerce operator Levy paid for Demand Raised by ITD Miscellaneous
7.ITNS 286For depositing Income under Declaration Scheme, 2016
8.ITNS 287For depositing payments under Pradhan Mantri Garib Kalyan Yojana, 2016
9.Form 26QBFor Payment of TDS on Sale of Property
10.Form 26QCFor Payment of TDS on Rent of Property
11.Form 26QDFor Payment of TDS on Payment to Resident Contractors and Professionals

Each challan has a taxpayer counterfoil at the bottom which will be returned to you by the bank after duly stamping it with a Challan Identification Number (CIN).

Source

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CA Aastha Singhal