Government of India expects its citizens to pay advance income tax every quarter otherwise it charges 1% per month of interest penalty. However to save us from the hassle of going to Income Tax office 4 times every year, SBI (State Bank of India) has come up with a wonderful online gateway.
To pay the tax, click the SBI E-tax (left button) -> Direct Taxes (OLTAS) -> CHALLAN NO./ITNS 280.
Then fill in your particulars, and proceed to your bank website (works only if you have an account in HDFC, IDBI, SBI and Union Bank of India.
No more queues 🙂
8 replies on “Advance Tax (Income Tax)”
it exhisted long before
actually its the nsdl gateway
read my post
i saw it yesterday… and its simply amazing… saved a lot of my time
i knw about it for ages
it started say at least 3/4 mths ago
thats not very long ago.. neways its good to praise a facility once in a while.. rather than our regular government bashing
ts not the govt they hav guess what
outsourced the job to nsdl
which is the same the demat company we know about!
hmm.. good infact outsourced facilities work better than govt run departments..
i guess pan cards r outsourced to Axis Banks
nooo again it is either UTIISL OR NSDL that do pan
ok… i keep on forgetting that UTI bank (axis) is different from UTI