How to pay your Income Tax online?

Synopsis:

  • Salaried individuals usually have taxes deducted by employers via TDS.
  • Self-employed individuals or those with additional income may need to pay more tax.
  • You can pay income tax online via HDFC Bank using NetBanking, Credit, or Debit Cards.
  • Use a friend's or spouse's account if your bank isn't designated, ensuring your PAN is on the challan.
  • Verify the correct tax amount before payment

Overview:

If you are a salaried individual, your employer probably deducted the taxes you have to pay from your salary (via TDS). But if you are self-employed or have income beyond salary (such as rental income), the taxes deducted at source (TDS) may not be enough for your income tax payment. To determine how much, if any, tax you must pay or to check if you are eligible for a refund, you must file your taxes (click here to read our guide on how to file your income tax return online).

How to Make an Online Income Tax Payment

HDFC Bank is among the designated banks that accept online income tax payments. Here are the prerequisites:

  • To pay your income tax online through HDFC Bank, you can use NetBanking, a Credit Card, or a Debit Card.
  • If you don't have an account with one of the designated banks, you can still pay using an account belonging to your spouse or a friend. Just make sure to include your PAN on the challan.
  • Alternatively, you can make income tax payments offline at any designated bank branch. Fill out the challan, visit the nearest branch, and complete the payment.

Note: Before starting the payment process, ensure you have calculated the correct amount of tax you owe.