MM TAX CLUB

Government had introduced TDS payment facility from Income Tax Portal since 1^st July 2022, the portal has included banks in phase wise manner for which payment can be made through Income Tax portal.

For the month of August 2022 for which TDS payment was due in September 2022, The portal had included three banks Namely 1) Bank of India, 2) Kotak Mahindra Bank, and 3) Federal Bank for the TDS payment from Income Tax e-filing portal, for the other banks TDS payment had done from NSDL portal itself.

For the month of September 2022 for TDS payment was due in October 2022, The department authorises 4 more banks to pay TDS from Income Tax Portal, Namely 1) Bank of Maharashtra, 2) Canara Bank, 3) Indian Overseas Bank & 4) Karur Vysya Bank and for the other banks payment can be done through the NSDL portal.

So, Now Total 7 Banks are authorised to pay TDS from Income Tax e-filing Portal as below;

1. Bank of India
2. Bank of Maharashtra
3. Canara Bank
4. Federal Bank
5. Indian Overseas Bank
6. Karur Vysya
7. Bank Kotak Mahindra Bank

TDS payment from Income Tax E-filing Portal can be made through various mode including (i) Net Banking (ii) Debit Card (iii) Over the Counter (iv) NEFT/RTGS (v) Payment Gateway for above list bank, The Department is about to authorise more banks in this List.

For Over the counter payment of the authorised bank at Income Tax Portal, first you have to generate a CRN Number from Income Tax Portal and then have to submit that challan form along with cheque to your bank Unlike banks were accepting manual TDS form earlier for TDS payment.

There is also issue now that bank will accept their own bank cheque only for TDS payment unlike earlier bank was accepting other banks cheques too for over the counter TDS payment. If you want to pay TDS in cash then you can pay it but there is limit on this of Rs.10,000/-, TDS more than Rs.10,000/- cannot be paid in cash.

So, for the payment of TDS first have to generate challan Form (CRN) then there will be TDS payment as per the payment mode you have selected. Other Procedure to generate TDS challan for all payment modes will remain same.

TDS Challan Form (CRN) can be created either POST login or Pre-login at the Income Tax Portal;

Procedure to Generate Challan Form (CRN) POST LOGIN

Step 1: Log in to the e-Filing portal with user ID and password.

Step 2: On the Dashboard, click e-File > e-Pay Tax. On the e-Pay Tax page, you can view details of Saved Drafts, Generated Challans and Payment History.

Step 3: On the e-Pay Tax page, click the New Payment option to create a new Challan Form (CRN). (New payment option can be found on top right corner of e-pay tax box)

Step 4: On the New Payment page, click Proceed on a tax payment tile that applies to you.

Note: In case you are not sure of the category, you can find the applicable category by clicking on the Find your tax payment category tab.

Step 5: After selecting the applicable Tax Payment tile, enter the details as required like assessment year, Minor head, Nature of Payment, etc.

Step 6: On the Add Tax Breakup Details page, add the breakup of total amount of tax payment and click Continue.

Step 7: You will be required to select the payment mode though which payment is proposed to be made. Five modes of payments are available as explained above.

Note: Once a payment mode is chosen for a Challan Form and Challan Reference Number (CRN) is generated for it, the payment mode cannot be changed later during payment.

Step 8 (a): For payment through Net Banking (of authorized banks)

1. On the Select Payment Mode page, select the Net Banking menu and select the Bank Name from the options. (If your bank name is not displayed as one of the radio options, select it from the dropdown menu of Other Bank) & click Continue.
2. On the Preview and Make Payment page, verify the payment details and tax break up details and click Pay Now.
3. Read and accept the Terms and Conditions and click Submit to Bank. (You will be redirected to the website of the selected Bank where you can log in and make the payment.)
4. After successful payment, a success message will be displayed. You can download the Challan Receipt for future reference. You will be able to view the details of payment made in the Payment History menu on the e-Pay Tax page.

Step 8 (b): For payment through Debit Card (of Authorized Bank)

1.  In the Debit Card menu, select the Bank Name from the options and click Continue.
2. On the Preview and Make Payment page, verify the payment details and tax break up details and click Pay Now.
3. Read and select the Terms and Conditions and click Submit to Bank. (You will be redirected to the website of your selected Bank where he can enter his debit card details and make the payment.)
4. After successful payment, a success message will be displayed. You can download the Challan Receipt for future references. You will be able to view the details of payment made in the Payment History menu on the e-Pay Tax page.

Step 8 (c): For payment through Pay at the Bank Counter

1.  In the Pay at the Bank Counter menu, select the mode of payment (Cash / Cheque / Demand Draft).

Note:

Payment above ₹10,000/- is not allowed through Cash.

This mode cannot be used by a taxpayer being a Company or a person (other than a company) to whom provisions of section 44AB of the Income-tax Act, 1961 are applicable as per Notification 34 / 2008 of CBDT.

2. On the Preview and Download Challan Form page, verify the payment details and tax break up details and click Continue.
3. On the Visit Bank to Make Payment page, the successfully generated Challan Form with Challan Reference Number (CRN) will be displayed. Download and print the Challan form and make the payment at the branch of the selected authorized bank.

Step 8 (d): For payment through RTGS / NEFT (available for any bank providing this facility)

1. On selecting RTGS / NEFT as the mode of payment, click Continue.
2. On the Preview and Download Mandate Form page, verify the payment details and tax break up details and click Continue.
3. On the Pay Now / Visit Bank to Make Payment page, the successfully generated Mandate Form with Challan Reference Number (CRN) will be displayed. After generation of CRN and Mandate Form, you can either visit the bank along with Mandate Form to complete the tax payment or Net Banking facility of the bank, where you have an account, can be availed to complete the transaction.

Note:

NEFT / RTGS payments can be made through any bank. You are advised to confirm the availability of NEFT / RTGS facility with bank.

NEFT / RTGS charges may be applicable as per RBI guidelines and Bank’s policy and the charges will be over and above the tax amount.

Step 8(e): For payment though Payment Gateway (using Debit Card / Credit Card / Net-banking / UPI)

1.  In the Payment Gateway menu, select the Payment Gateway method and click Continue.
2. In the Preview and Make Payment page, verify the payment details and the tax breakup details, click Pay Now.
3. Accept the Terms and Conditions and click Submit to Bank. (You will be redirected to the website of the selected payment gateway where you can log in or enter your debit / credit card / UPI details and make the payment).

Note:

The fees / service charges for making tax payment through Payment Gateway mode will be as per the Bank’s Terms and Conditions and in line with RBI Guidelines in this regard. It needs to be noted that e-Filing Portal / Income Tax Department does not charge any such fee. Such charge / fee will go to the bank / Payment Gateway and will be over and above the tax amount. However, as per the government’s guidelines, no such fees / MDR charges will be levied on payments made through Debit Card powered by RuPay, Unified Payments Interface (UPI) (BHIM-UPI), and Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code).

No charge back claims against the Income Tax Department shall be allowable to any taxpayer under any circumstances. You are advised to make claim of such amount as tax credit during the filing of Income Tax return of the relevant Assessment Year. However, if allowed by the bank, you can raise such Charge Back Claim with the respective bank which may then process the claim as per applicable guidelines of RBI governing the chargeback claims.

4.  After successful payment, a success message will be displayed. You can download the Challan Receipt for future references. You will be able to view the details of payment made in the Payment History menu on the e-Pay Tax page.

Procedure to Create Challan Form (CRN) PRE-LOGIN

Step 1: Go to the e-Filing portal homepage and click e-Pay Tax.

Step 2: On the e-Pay Tax page, enter PAN / TAN and enter it again in the Confirm PAN / TAN textbox and enter mobile number (available with you). Click Continue.

Step 3: On the OTP Verification page, enter the 6-digit OTP received on the mobile number entered in Step 2 and click Continue.

Note:

OTP will be valid for 15 minutes only.

You have 3 attempts to enter the correct OTP.

The OTP expiry countdown timer on screen tells you when the OTP will expire.

On clicking Resend OTP, a new OTP will be generated and sent.

Step 4: After OTP verification, a success message with entered PAN / TAN and Name will be displayed. Click Continue to proceed.

Step 5: On the e-Pay Tax page, click Proceed on a tax payment category that applies to you. (Through TAN it will be TDS only)

Step 6: Follow Step 5 to Step 8 as per section 3.1 Create Challan Form (CRN) (Post Login).

Note:

You cannot save draft of the Challan Form (CRN) while entering your details using pre-login service.

The details entered will only be available till the time the page is active.

If you wish to save a draft, you need to Create Challan Form (CRN) post-login. Refer to Section 3.1. Create Challan (Post Login) to learn more.

If you still have issue in generating TDS challan, watch video on “How to Generate CRN from e-filing Portal”

Check Out : How to download CSI file and Check Payment Status for TDS paid through Income Tax Portal.

"Disclaimer

The Information Contained this article is only for the General Information Purpose, and it does not constitute any Legal Advice or recommendation to any entities or Individuals. The uses of the information will be at own risk of the reader and in no event author or website will be held liable for any kind of loss or damage arises from it."