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General
What are the new challans for the payment of Direct Taxes?
What is Challan Identification Number (CIN) and what is its relevance?
How will the acknowledgement stamp bearing the CIN look like?
What is the importance of System generated Tax Counterfoil? Do we have to insist for the same?
Do I have to attach the acknowledgement counterfoil with my return?
Type of challan to be used
I am an individual and have to pay self assessment tax (income tax) before filing my return of income. Which challan should I use?
We are a corporate and have to pay Advance Tax for Assessment Year 2005-06. Which challan should we use?
I am a Tax payer and the Fourth character of my PAN Number denotes ‘C’. Can I pay Tax at the authorised branch across the counter?
We are a partnership firm and have to deposit tax deducted from a corporate. Which challan should we use?
We are a company XYZ Ltd. and have deducted tax source for both companies and non-companies on 'Interest other than interest on securities'. Which challan should we use to deposit the tax?
Deposit of tax
We have to deposit taxes on account of TDS on salaries of our employees as well as TDS on interest paid to fixed deposit holders who are individuals and other corporates. Can we combine the three payments in one challan?
After depositing my tax at the bank, I have noticed that I have mentioned the Assessment Year/Minor Head incorrectly in my challan. Whom do I approach to have this corrected?
After depositing the tax at the bank, I have noticed that I have mentioned wrong PAN, or I have received my PAN after making the challan payment. How do I get this incorporated in my challan information?
Is it possible for us to deposit many challans with a single cheque?
Can I make income tax payment using the internet?
 
  General
 
  What are the new challans for the payment of Direct Taxes?

The following new single copy challans have been introduced with effect from July 2005:

Sr. No.

Challan No.

Description

Type Of Payment

1. ITNS 280 for 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
2. ITNS 281 for 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 282 for 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 283 for payment of Banking Cash Transaction Tax and Fringe Benefits Tax
  • Advance Tax
  • Tax On Regular Assessment
  • Self Assessment Tax
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).
 
  What is Challan Identification Number (CIN) and what is its relevance?

Challan Identification Number (CIN) has three parts

  • Seven digit BSR code of the bank branch where tax is deposited
  • Date of Deposit (DD/MM/YY) of tax
  • Serial Number of Challan

CIN is stamped on the acknowledgement receipt to uniquely identify the tax payment. CIN has to be quoted in the return of income as a proof of payment. CIN is also to be quoted in any further enquiry. Therefore, you must ensure that CIN (comprising the above three parts) is stamped on the Challan by the bank. If not, immediately contact the bank manager and insist on CIN.
The Reserve Bank of India has already passed an order dated April 1, 2004 making it compulsory for all tax collecting branches of banks to use a rubber stamp acknowledgement that carries CIN. A separate CIN is given for each challan deposited. If the Bank Manager isunable to resolve the issue, you should address your grievance to the Bank's Regional Manager and the Regional Office of Reserve Bank of India for redressal.

 
  How will the acknowledgement stamp bearing the CIN look like?

The Acknowledgement stamp of the bank will contain the following information:
  • Bank Branch Name
  • BSR (7 digit)
  • Deposit Date (DDMMYY)
Serial No.
 
  What is the importance of System generated Tax Counterfoil? Do we have to         insist for the same?

As per the instructions of the Reserve Bank of India, all the Authorised branches are provided with the facility to generate “System Generated Tax Counterfoil” for all the Tax remittances. The “System Generated Tax Counterfoil” is a very important piece of acknowledgement in addition to the Stamped tear off portion of the challan.  The “System Generated Tax Counterfoil” contains the following details
  1. Complete details of the tax payer along with the PAN / TAN No, Assessment Year, Major and Minor head codes, nature of payment and tax payer name and address, etc.
  2. Details of Tax remitted with all the relevant breakup as given by the tax payer.
  3. Challan Identification number for all future references.
By insisting for the “System Generated Tax Counterfoil” on the date of remittance, and immediate verification, we can eliminate the errors if any, by promptly bringing to the notice of the Bank personnel.
 
  Do I have to attach the acknowledgement counterfoil with my return?

No, it will be considered sufficient proof if you quote your Challan Identification Number (CIN) (as mentioned in your counterfoil) in your return. The Income-tax return forms have been suitably modified
 
  Type of challan to be used

 
  I am an individual and have to pay self assessment tax (income tax) before        filing my return of income. Which challan should I use?

You should use Challan ITNS No. 280 and tick the box 0021 Income-tax. As you are paying self assessment tax, you should further tick the Self Assessment Tax (300) under Type of Payment
 
  We are a corporate and have to pay Advance Tax for Assessment Year 2005-06.        Which challan should we use?

You should use Challan ITNS 280 and tick the tax 0020 Corporation Tax. As you are paying Advance tax for the Assessment year 2005-06, write this in the space provided in the challan and then tick the box Advance Tax (100) under Type of Payment
 
  I am a Tax payer and the Fourth character of my PAN Number denotes ‘C’. Can I       pay Tax at the authorised branch across the counter?
  
The Fourth Character of the PAN ‘C’ denotes that you are a Company / Corporate. Mandatory Electronic Payment of Tax by Certain Categories of Taxpayers w.e.f. April 1, 2008 (RBI/2008/280 & DGBA. GAD. No.H.10875/42.01.038/2007-08 dated April 10, 2008)
CBDT has made electronic payment of taxes mandatory for the following categories of taxpayers:
a. A Company
b. A person (other than a company) to whom provisions of Section 44AB are applicable
 
  We are a partnership firm and have to deposit tax deducted from a corporate.        Which challan should we use?

You should use Challan ITNS No. 281 and tick tax '(0020) companies' as the status of the deductee is a company
 
  We are a company XYZ Ltd. and have deducted tax source for both companies         and  non-companies on 'Interest other than interest on securities'. Which challan        should we use to deposit the tax?

You will have to use two separate challans. You should use Challan No. 281 and tick box (0020) in respect of tax deducted at source from companies. You should use a separate Challan No. 281 and tick box (0021) in respect of tax deducted at source from non-companies.
As in both cases, tax deposited relates to TDS on 'Interest other than interest on securities', you should fill up code No. 94A in the 'Nature of Payment' field in the challan. The codes for 'Nature of Payment' are mentioned behind the challan.
 

 

  Deposit of tax

 
  We have to deposit taxes on account of TDS on salaries of our employees as well as TDS on interest paid to fixed deposit holders who are individuals and other corporates. Can we combine the three payments in one challan?

No, you will have to use three separate challans.
The TDS on salaries of employees will have to be deposited with Challan No. ITNS 281 by ticking the box '0021 non-companies' as the TDS pertains to individuals (non-companies). The code 92B will have to be filled up under 'Nature of Payment'. (Codes for 'Nature of Payment' are mentioned behind the challan.)
In respect of interest paid to fixed deposit holders, you will have to first of all segregate the interest payable/paid to companies (Corporates) and non-companies.
  • For the portion of TDS pertaining to companies, fill up Challan No ITNS 281 and tick box '0020 companies' as the TDS pertains to companies.
  • For the portion of TDS relating to non-companies, fill up a separate Challan No. ITNS No. 281 and tick box '0021 non-companies' as TDS pertains to non-companies.
  • Fill up the 'Nature of Payment' as per codes given behind Challan No. ITNS 281. In this case also the code will be 94A.
Please ensure that the bank branch gives you separate acknowledgements with separate Challan Identification Number (CIN) for the three challans deposited by you.
 
  After depositing my tax at the bank, I have noticed that I have mentioned the Assessment Year/Minor Head/Major Head/Amount/Nature of Payment(Section)/TAN/PAN incorrectly in my challan. Whom do I approach to have this corrected?

The above fields can be corrected by the bank itself if the customer requests the branch within the specified time which varies from 7 days to 90 days from date of challan depending upon the type of correction, as specified by Income Tax Department (CBDT). If the request is after the specified period, customer should contact concerned Income Tax Assessing Officer for necessary help. For more details, customer may contact the branch in which he has paid his challan.
 
  It possible for us to deposit many challans with a single cheque?

No, you should deposit separate cheques for each challan
 
  Can I make income tax payment using the internet?

You can make income tax payment through the internet. This facility is called e-Tax payment. Details of the same are available at NSDL-TIN website and the Income Tax Department website.
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