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How to Pay Tax on SBI e-Tax?

IndianMoney.com Research Team | Posted On Thursday, July 25,2019, 04:10 PM

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How to Pay Tax on SBI e-Tax?

 

 

The Government has extended the deadline to file Income Taxes for FY 2018-19 to August 31st 2019. This is good news to you and many salaried people in India. You must make sure there are no taxes to be paid to the Government, before filing ITR.

As a salaried employee, your employer deducts TDS (This is Tax Deducted at Source), to take care of your tax liability. You may have income from other sources.  Disclose income from other sources, while filing ITR. Learn how to file ITR on a job switch within the Financial Year.

Want to know more on Tax Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

How to Pay Tax on SBI e-Tax?

You can pay taxes with your SBI Account. Avail the SBI netbanking facility and file ITR in time.

See Also: State Bank Of India Quick Transfer Facility

Steps to Pay Tax on SBI e-Tax:

  • You must first log on to the Online SBI website. You then click on E-Taxes on the top panel.
  • You then click on ‘Direct Taxes’ from the drop down menu.
  • You would have to open the new browser window and then enter the below-mentioned URL. This is https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp. This is the ‘Tax Information Network webpage of the Income Tax Department’.
  • You then click on the Challan Number applicable to the payment. If you want to pay direct taxes, you must click on ITNS 280.
  • Go to the next page and enter details like your name, PAN, Permanent Address, Major/Minor Head and type of payment.

See Also: SBI Account May Be Suspended If Not Linked To Aadhaar

Major Head Code for Income Tax – 0021

Self Assessment Tax before filing ITR – 300

Tax on Regular Assessment – 400.

  • You then select SBI from the list of banks.
  • You get directed to the login page, OnlineSBI.
  •  You then login with your SBI Internet Banking User ID and Password.
  • You make payments through ATM cum debit cards or Internet Banking of SBI.
  • If you use the ATM cum debit cards of SBI, you must enter the card number, CVV, PIN, Card Holder Name and the expiry date.
  • You then enter the actual tax amount. The pre-confirmation page with tax payment details gets displayed.
  • You verify the details and then click on the confirm button.
  • After a successful transaction processing, you get a link and then you must print the payment e-Receipt.

See Also: SBI Life - Horizon II

How to Print e-Receipt?

If you want to reprint the e-receipt, you would have to log on to the SBI online website. What if you have paid taxes using ATM-cum-Debit Card?

  • First visit the URL called www.onlinesbi.com/personal/tax_retail.html.
  • You then click ‘Generate Receipt’ on the top panel of the page.
  • You go to the next page and then select Merchant Name from the drop down list.
  • Add PAN, date range and Account Number.
  • The system displays the list of tax payments. This is done with the ATM-cum-Debit Card with hyperlink to the reference number.
  • You then click on the reference number and after generation, print the receipt.

See Also: State Bank Of India - A Friend In Need Is A Friend Indeed

The last step involves furnishing the information in the ITR. This makes sure you don’t get an Income Tax Notice.

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