Pay your income tax yourself (Self Assement Tax) online

Requirement:

When you are a salaried employee, your employer usually deducts the tax as TDS from your salary.  However, I you have additional earnings then you require to show up them while filing the IT returns and pay the liable tax by yourself.  The very common additional income includes interest you earned on your Fixed Deposits in the bank.  Usually your bank deducts the tax for the interest at flat 10%, but if your earnings fall under 20% slab then you need to pay the remaining 10% tax on the interest you earned. 

You can pay Income tax in India through online at https://www.tin-nsdl.com/ website.  For individual tax payer, below are the steps to be used:

Steps to pay your income tax yourself (Self Assement Tax) online:

  1. Go to https://www.tin-nsdl.com/ 
  2. Click on e-payment : Pay Taxes Online Under Services section as shown below.image
  3. On the e-Payment page, click on CHALLAN NO./ITNS 280 under Select applicable challan > Non-TDS/TCS section as shown below:image
  4. You’ll be taken to the e-Payment page, update below details and then press Proceed button as shown below:
  1. Select (0021)INCOME-TAX (OTHER THAN COMPANIES) under “Tax Applicable*”
  2. Enter your PAN card details in “Permanent Account No*” field
  3. Select the appropriate value from the drop down list for “Assessment Year*”
  4. Enter City or District name in “City/District*” field
  5. Enter your area pin code in “Pin Code *” field
  6. Select your state from the drop down list of “State*” field
  7. Select  (300)SELF ASSESSMENT TAX under “Type Of Payment*” field
  8. Select your Bank Name from the drop down list of “Bank Name*” field
  9. Enter the captcha/string that is shown in the captach string box “Type the characters you see in the picture below.These characters are case sensitive.”
  10. Then Click on Proceed button as shown in the below example
  11. image
  • You’ll be redirected to your bank payment gateway page where you need to login, specify the tax amount to be paid and then authorize the transaction.
  • Then you’ll receive the “CBDT E-Receipt for e-Tax Payment” which you can save as PDF.
  • The page contains BSR Code, Tender Date, Challan No. details as shown in CIN value at the bottom right corner of the page.
  • You then need to update the additional tax, that you have paid your self online, in the Tax Details section of ITR-I form of filing IT returns online.
    1. Go to ITR-I form > Tax Details > “Sch IT Details of Advance Tax and Self Assessment Tax Payments” then enter the values for
    1. BSR Code
    2. Date of Deposit (DD/MM/YYYY)
    3. Challan Number
    4. Tax paid
    5. then click save draft
  • That’s all, you now have paid your self assessment tax yourself online and have submitted it to Income Tax in IT Returns.
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