How to Pay Advance Tax with Challan 280?

Advance tax is paid in advance by the taxpayer based on the estimated income for the current year. This tax is paid in installments, and the due dates are specified by the IT Department. The payment of advance tax is mandatory for every person whose tax liability exceeds ₹10,000 in a financial year.

It is important to pay advance tax to avoid any penalty or interest, and taxpayers can use Advance Tax Payment Challan 280 to pay their advance tax both online and offline. 

[Source 1]

[Source 2]

Challan 280 is an income tax form used by taxpayers to pay advance tax, self-assessment tax, tax on distributed income and profit, regular assessment tax, and surcharge. The advance tax challan is referred to as ‘ITNS 280’ under the IT Act. 

Taxpayers can make advance tax payment using Challan 280 just like they pay any other regular tax, regardless of whether they’re making the payment online or offline. If the taxpayer has opted to pay advance tax online, they must visit the Income tax e-filing website to do so, and then fill advance tax challan 280 to complete the process. 

In the case of an offline route, taxpayers need to download challan 280 from the income tax e-filing website fill it, deposit it at a designated bank branch, and then make the payment to complete the advance tax payment process. 

[Source 1]

[Source 2]

Filling in Challan ITNS 280 to pay advance tax is quite simple. Follow the given steps to know how to fill challan 280 online: 

Step 1: Visit the income tax e-filinf website and click on ‘E-pay taxes’. Provide your PAN details, assessment year, the mode of payment and if you are a company or non-company type of taxpayer. Provide a mobile number to receive an OTP.

Step 2: Submit the advance tax payment challan 280 after entering the OTP. Make the tax payment through debit card, credit card, net banking or UPI.

Step 3: A Challan Identification Number (CIN) will be generated. Note down this CIN as you will need it when submitting your income tax return.

Now that taxpayers know how to fill challan 280, read below to know how to pay advance tax online and offline using challan 280. 

[Source]

Follow the given steps to make advance tax payment India online:

Step 1: Visit the income tax e-filling official website and Log in to your account. Select ‘E-file’ and click on ‘E pay taxes’.

Step 2: Select the relevant advance tax payment challan 280.

Step 3: Now enter the amount of tax. Now, select Advance tax under “Type of Payment’ and select the correct assessment year.

Step 4: Proceed to the payment gateway and follow the payment instructions to complete the transaction. 

Step 5: You'll receive an acknowledgement or receipt of the payment.

Thus, your advance tax is paid online through challan 280. However, if you prefer the offline mode of advance tax payment, continue reading. 

[Source]

If you are not comfortable paying tax online, you can download advance tax challan 280 and read below the steps to pay your advance tax on time:

Step 1: Visit the official website of the Income Tax Department and log in.

Step 2: Go to ‘E-pay taxes’ and enter the details of taxes like we did above.

Step 3: From the new webpage with a list of all the challans, click on 'ITNS-280', which is used to file advance tax.

Step 4: Select ‘Pay at Bank Counter’ as your payment method and click on ‘Preview and Download the Challan Form’ so save the challan in a PDF format and a fillable form. Choose the required option and download the form. 

Step 5: Finally, visit your bank branch with a copy of challan and make the required payment. Your advance tax will be paid. 

[Source]

Hence, paying advance tax using challan 280 is a simple process that can save you from penalties and interest charges. By following the steps mentioned in the article, taxpayers can easily calculate their advance tax liability and make the payment online or offline. 

Also, taxpayers must make sure to calculate their tax liability accurately and enter the correct details in Challan 280 form to avoid any legal complications.