Introduction:

Our Bank has been collecting direct taxes of different heads of accounts at the authorised branches and remitting the total day's collections on the same day to the Nodal Branch, who in turn consolidate the collections received from the authorised branches including its own collections and pass on the total collections to our Link Branch at Nagpur upon which, the Nagpur Branch immediately advises the collection figures to RBI, CAS, Nagpur and credit to Government Account.

What are Direct Taxes:

Any of the following type of tax remitted by the taxpayer is considered to be a Direct Tax.

Corporate Tax
Income Tax
Hotel Receipts Tax
Interest Tax
Expenditure Tax
Estate Duty
Wealth Tax
Gift Tax
Securities Transaction Tax
Banking Cash Transaction Tax
Fringe Benefits Tax

From whom the taxes can be accepted:

The person intending to pay direct tax can remit at any authorised branch of the bank either in cash or by a cheque/draft drawn on the same bank or another bank at the same center.

What is OLTAS:

OLTAS (On-Line Tax Accounting System) is a system of transmission of tax data on a Standardized, Successfully tested and proven On-Line Electronic Mode introduced as per the recommendations of Advisory Group on Tax Reforms.

Purpose of OLTAS:

The purpose of OLTAS is to speed up the transmission of tax data and funds collected by the authorised branches of banks to Government through RBI.

PROCEDURE INVOLVED IN OLTAS:

Challan-wise Tax collection data shall be transmitted by the authorized branches to the respective Nodal Branch, who in turn retransmit to the Link Branch (Nagpur) for onward transmission to National Securities Depository Limited (NSDL)- an agent for CBDT by our Link Branch, Nagpur. This transmission of data should be done On-Line on the same day.

Challan Form:

For every tax payment of direct taxes to be made by the tax payer there is a prescribed challan format, which is a single copy with the main challan at the top and taxpayer's counterfoil at the bottom of the challan with a perforation in between.

The following Single Copy Challan Forms (only four types of challans) are prescribed for payment of various direct taxes:

Type of tax	Challan to be used
Income Tax on Companies (Corporation Tax and Other than companies)	ITNS 280
Tax Deducted at Source from Corporates & Non-Corporates	ITNS 281
Securities Transaction Tax, Hotel Receipts Tax, Interest Tax, Expenditure/Other Tax. Estate Duty, Wealth Tax, Gift Tax	ITNS 282
Banking Cash Transaction Tax, Fringe Benefits Tax	ITNS 283

At the time of the remitting direct taxes:

It is to be ensured by the taxpayer that:

1.The specific single copy challan meant for specific type of tax is alone used.

2. The main portion of the challan, taxpayer's counterfoil are filled properly, and the major head of account to which the amount is paid is correctly recorded therein.

3. Name and Address of the assessee, status of the assessee, assessment year, ITO Ward or circle where the taxpayer is assessed or assessable are properly filled in and nature & type of payment and the amount is written correctly both in words and figures.

4. Details of the 10 digit Permanent Account Number (PAN) or Tax Deduction Account Number (TAN in respect of TDS) are compulsorily and properly quoted in the Challan at the prescribed place.( A Photo copy of the PAN / TAN may be submitted along with the filled challan, to ensure the entry of correct details at the branch).

5.  Please obtain the computer generated Tax Counterfoil and check for the  accuracy. 

OLTAS' Challan status inquiry through Internet:

Tax payers who have remitted the tax at the authorized Andhra Bank branches can view the details of their remittance through Internet. The steps involved in the process are detailed below.
1) Double click "Internet Explorer"
2) At Address: Give www.tin-nsdl.com
3) Website of NSDL (National Securities Depository Ltd.,) will be opened
4) Click Services>OLTAS>Challan Status Inquiry
5) Click "Challan Status Inquiry" again
6) A page for Inquiry for the following three types will be displayed:
1. Tax Payer
2. Collection Bank Branch
3. Nodal Bank Branch

Inquiry is to be made as a Tax Payer - click Tax Payer and feed the following details, which are available on the taxpayer's counterfoil of the challan where the rubber stamp of the branch is affixed:

BSR Code of the Collecting Branch
Challan Tender Date (DD/MM/YYYY)
Challan Serial No.
Amount

Click SUBMIT if the details are correct or click CLEAR if the details are incorrect.

If the record is traced the following details will be displayed:

BSR Code of the Collecting Branch
Challan Tender Date
Challan Serial No.
Major Head Code - Description
TAN/PAN
Name of the Taxpayer
Received by TIN on date and