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Every individual in the country who is eligible to pay taxes is required to pay the taxes within stipulated time, as income tax department is keeping a vigil on tax evaders. As the deadline closes, everyone rushes to pay the taxes in order to avoid penalty. Most of the people in the bracket of taxable income are busy and have little time to visit income tax offices to file returns. To make their tax filing a simple affair, the income tax department has made provision for online income tax filing.
Most of the taxpayers pay income tax in advance instead of paying it lump sum at end of the year. When you give a close look to your salary slip you will find that a certain amount has been deducted as tax. But at times, it happens that amount deducted is not what we should pay as tax. In such cases, an additional amount has to be paid to make it sufficient.
While paying advance taxes, most of us do self-assessment and come to an amount which is almost appropriate. But such calculations are not beyond correction. And at times, the results of self-assessment are far from what we require to pay as tax. This leads to a situation where we need to pay an extra amount to clear our tax dues.
A large number of taxpayers are not comfortable with paying taxes as it is complicated and time-consuming. Things become all the more complicated when it is time to pay additional dues. But there is no need to worry, as things have become simple, with sufficient measures taken by the Income Tax Department. With improved facilities dues can be paid quickly without much effort. To make taxpayers aware of it the IT department keeps sending notices and reminders to people against whom taxes are due. The IT department does this to inform people about their tax liability so that they can pay it in time to avoid penalty.
Here is a step by step procedure to help people pay their due taxes
Apart from the online tax payment which is very easy, there is also a provision of offline tax payment. For this, you should visit a designated banks and pay the due amount in cash or cheque. Taxpayers should collect the tax challan from the IT office, fill it and submit it along with the required amount.
Yes, the income tax department has made excellent provision for the taxpayers who wish to pay the unpaid income tax online. To do this visit the Income Tax Department’s online platform - http://www.tin-nsdl.com.
Paying income tax through online banking is very easy. You can do this in few simple steps
The refund process for online income tax is lengthy and it may take around two to six months.
However, you can check the income tax refund status online by following some simple steps
There could be different kinds of statuses that include
Here is the schedule for the payment of advance taxes of income tax for individual and firms
Here is the schedule for the payment of advance taxes of income tax for companies
Apart from the net-banking, you can also pay income tax online through debit or credit card. Provisions for it has been given on the Income Tax Department official website. Furnish your details and you will be redirected to the bank’s website for completing the payment process.
There are certain things which need to be kept in mind while paying dues
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14th June 2017