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.

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What is Challan 280?

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.

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How to Fill Challan 280 Online?

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.

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How to Pay Your Income Tax Online with Challan 280?

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.

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How to Pay Your Income Tax Offline with Challan 280?

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.

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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.

FAQs about Advance Tax Challan 280

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How do I pay my taxes in advance?

Taxpayers can make their advance tax payments using Challan 280, just like any other normal tax payment. Visit the IT department’s official website to pay advance tax.

What is the use of Challan 280?

Challan ITNS 280 is to be submitted for depositing income tax, which includes self-assessment tax, advance tax, surcharge, and tax on regular assessment.

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How can I check the status of my submitted advance tax challan 280 online?

You can track the status of advance tax challan 280 online by visiting the official website and entering details like Challan 280 Identification number, its serial number, challan tender date, and bank’s BSR code.

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What is the difference between challan 280 and challan 281?

Challans 280 and 281 are used to pay different kinds of taxes. Advance tax challan 280 is used to pay self-assessment tax, regular assessment tax, advance tax, and surcharge. While challan 281 is used to make payments for Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).

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Whom to contact if there is any issue while filling advance tax payment challan?

If faced with any issue while filling advance tax payment challan 280 online, connect to IT Portal helpline number. If there is any issue while paying advance tax offline, then contact your bank. [Source 1]

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Is it mandatory to pay advance tax if my tax dues exceed Rs.10000?

Yes, advance tax payment is mandatory if your total tax liability for the financial year exceeds ₹10,000. This applies to all taxpayers except senior citizens who do not have income from a business or profession. To check if you fall under this requirement, you can use an income tax calculator to estimate your total tax liability and plan your advance tax payments accordingly.

How to Pay Advance Tax with Challan 280?

What is Challan 280?

How to Fill Challan 280 Online?

How to Pay Your Income Tax Online with Challan 280?

How to Pay Your Income Tax Offline with Challan 280?

FAQs about Advance Tax Challan 280

How do I pay my taxes in advance?

What is the use of Challan 280?

How can I check the status of my submitted advance tax challan 280 online?

What is the difference between challan 280 and challan 281?

Whom to contact if there is any issue while filling advance tax payment challan?

Is it mandatory to pay advance tax if my tax dues exceed Rs.10000?

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