Paying advance tax online for the Assessment Year (AY) 2024-25 has become a straightforward process. Here's a step-by-step guide to help you navigate through it efficiently:
1. Visit the Official Website:
2. Access the e-Payment Facility:
- Under the 'Quick Links' section on the homepage, click on 'e-Pay Taxes.' This will redirect you to the National Securities Depository Ltd. (NSDL) website.
3. Select the Appropriate Challan:
- On the NSDL website, choose Challan No./ITNS 280. This is the form required for paying advance tax.
4. Fill in the Required Details:
- Enter your Permanent Account Number (PAN), which will be validated to ensure it matches the database.
- Select the 'Assessment Year' as 2024-25.
- Under the 'Type of Payment' section, select 'Advance Tax (100).'
- Provide other necessary details, such as your address and contact information.
5. Choose Your Bank:
- Select the bank through which you want to make the payment. You will be redirected to your bank's net banking page.
6. Make the Payment:
- Log in to your net banking account and complete the payment process. After successful payment, you will receive a challan receipt containing the Challan Identification Number (CIN).
7. Save the Receipt:
- It's crucial to save the challan receipt or take a printout for future reference. This receipt serves as proof of your advance tax payment.
8. Verify Your Payment:
- To confirm the payment, you can log in to the Income Tax Department's e-filing portal and check the 'Tax Credit Statement' (Form 26AS). The payment should be reflected in this statement within a few days.
Paying advance tax on time is essential to avoid penalties and interest. By following these steps, you can ensure a smooth and hassle-free process for depositing your advance tax online for AY 2024-25.
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