Learn how to efficiently pay your income taxes online using the Income Tax Portal. This guide covers eligibility, prerequisites, step-by-step procedures, and benefits of e-tax payment for FY 2025-26.
Eligibility For E-Tax Payment
Prerequisite For E-Tax Payment
Procedure Of E-Tax Payment
Steps To E-Pay After Log-in To E-filing Portal
Benefits Of E-Tax Payment
Banks Authorised For E-Tax Payment
FAQs on E-Pay Tax
Mandatory E-Payment for Certain Assessees
Certain taxpayers are required to pay their taxes electronically.
All corporate assessees must use e-payment.
Assessees covered under Section 44AB must e-pay taxes.
E-payment is mandatory for those with a turnover exceeding ₹1 crore.
Voluntary E-Payment
Other taxpayers can opt for e-payment for convenience.
Individuals not covered under mandatory e-payment can choose this method.
E-payment is available for all types of taxes, including advance tax.
Facilitates easy tracking and record-keeping of tax payments.
Bank Account Requirements
Ensure your bank account is set up for e-tax payment.
Account must be with an authorised bank.
Internet banking must be activated.
Ensure sufficient balance for the tax payment.
Payment Methods
Various payment methods are available for e-tax payment.
Internet banking and debit/credit cards are accepted.
UPI and RTGS/NEFT options are available.
Choose the method that suits your convenience.
Accessing the Income Tax Portal
Begin by visiting the official Income Tax Portal.
Go to https://www.incometax.gov.in/
Navigate to the 'e-Pay Tax' section.
Use the search bar if needed to find 'e-Pay Tax'.
Entering PAN/TAN and Mobile Number
Provide necessary identification details.
Enter your PAN/TAN and confirm it.
Provide your mobile number for OTP verification.
Enter the OTP received to proceed.
Selecting Assessment Year and Payment Type
Choose the correct details for your payment.
Select AY 2026-27 for FY 2025-26 payments.
Choose 'Self-Assessment Tax (300)' if applicable.
Ensure correct selection to avoid errors.
Entering Tax Payment Details
Provide accurate payment information.
Enter the tax amount under the correct category.
Refer to your tax calculations for accuracy.
Double-check figures before proceeding.
Selecting Payment Method
Choose your preferred payment method.
Select from internet banking, cards, UPI, etc.
Choose your bank if paying online.
Proceed to the payment gateway.
Submitting and Confirming Payment
Finalize your payment submission.
Verify all entered details before submission.
Agree to terms and conditions.
Receive confirmation and download the challan.
Logging into the Portal
Access your account on the e-Filing portal.
Use your User ID and Password to log in.
Navigate to the dashboard.
Ensure your profile is updated.
Initiating the E-Payment
Start the e-payment process from your account.
Go to e-File > e-Pay Tax.
Select 'New Payment' to begin.
Choose the appropriate tax payment tile.
Completing the Payment
Follow the steps to finalize the payment.
Follow the same steps as without logging in.
Ensure all details are correct.
Submit and confirm the payment.
Convenience and Accessibility
E-payment offers unmatched convenience.
Pay taxes from anywhere with internet access.
Avoid long queues at banks.
24/7 availability for tax payments.
Instant Confirmation
Receive immediate confirmation of payment.
Get instant challan receipt.
Track payments easily through the portal.
Reduces chances of payment errors.
Secure Transactions
Ensures safe and secure payment processing.
Protected by bank-level security protocols.
Reduces risk of fraud or misplacement.
All transactions are recorded digitally.
Major Public Sector Banks
Several public sector banks are authorised.
State Bank of India (SBI)
Punjab National Bank (PNB)
Bank of Baroda (BoB)
Leading Private Sector Banks
Private banks also facilitate e-tax payments.
HDFC Bank
ICICI Bank
Axis Bank
Regional Rural Banks
Some regional banks are included.
Check with your regional bank for authorisation.
Ensure internet banking is enabled.
Verify if your bank supports tax payments.
What is the deadline for paying self-assessment tax for FY 2025-26?
The deadline for paying self-assessment tax for FY 2025-26 is 31st July 2026. Ensure timely payment to avoid interest under Section 234A.
Can I pay taxes using a credit card on the Income Tax Portal?
Yes, you can pay taxes using a credit card on the Income Tax Portal. Ensure your card is enabled for online transactions and check for any applicable charges.
How do I verify if my payment was successful?
After completing the payment, you will receive a challan receipt with a BSR code and Challan Serial Number. This confirms your payment was successful.
What should I do if I entered the wrong assessment year?
If you entered the wrong assessment year, contact your bank immediately to stop the payment. You may need to make a new payment with the correct details.
Are there any charges for using UPI for tax payment?
Using UPI for tax payment is generally free of charge. However, check with your bank for any specific terms or conditions that may apply.
How can I track my e-tax payment history?
You can track your e-tax payment history by logging into the Income Tax Portal and navigating to the 'Payment History' section under your account.
Is e-payment available for all types of taxes?
E-payment is available for various types of taxes, including advance tax, self-assessment tax, and regular assessment tax. Ensure you select the correct type during payment.
What happens if I miss the e-payment deadline?
Missing the e-payment deadline may result in interest and penalties under Sections 234A, 234B, and 234C. Ensure timely payment to avoid additional charges.
Can I modify my payment details after submission?
Once submitted, payment details cannot be modified. Double-check all information before final submission to avoid errors.
What is the role of BSR code in e-tax payment?
The BSR code is a unique identifier for the bank branch where the payment is processed. It is crucial for tracking and verifying your tax payment.