![]() ![]() Assessment Year (AY): This is the year (starting April 1) in which you are filing the tax return for a given Financial Year.Financial Year (FY): This is the year (starting April 1) in which you earned the income for which you are filing your tax return.TIN is a repository of nationwide Tax related information, and has been established by National Securities Depository Limited (NSDL) on behalf of ITD.Īssessment year :Return for income earned in a particular financial year (say Apto March 31, 2013) should be filed by July 31 of the immediate next financial year (2013-14). ![]() ![]() Tax Information Network (TIN) is an initiative by Income Tax Department of India (ITD) for the modernization of the current system for collection, processing, monitoring and accounting of direct taxes using information technology. The webpage for paying tax online is TIN NSDL webpage. To avail of this facility the taxpayer is required to have a net-banking account with any of the Authorized Banks. Our article Challan 280: Payment of Income Tax discusses the basics of Payment of Income Tax. In this article we shall explain for an individual what is Challan 280, how to pay online?Į-Payment facilitates payment of direct taxes by taxpayers through internet (also called online). It can be paid both through internet (online or e-payment) and at designated branches of banks empanelled with the Income Tax Department (offline). To deposit Advance Tax, Self Assessment tax and Regular Assessment Tax an individual has to use challan ITNS-280. ![]()
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