Under Income tax act, advance tax is the mechanism by which Central Government collects taxes payable in the assessment year in previous year itself.
Example : Tax payable for the financial year 2018-19 is payable in the assessment year 2019-20. To speed up the collection process Government collects Income tax in advance, that is in financial itself, 2018-19 in this case.
To pay advance tax visit https://www.incometaxindiaefiling.gov.in.
On left side of the page, click on 'e-Pay Tax' marked in blue color.
You will be then taken to NSDL website.
Click on 'Challan No/ITNS 280' shown below.
Fill all the particulars of the form.
You will be redirected to your bank website, select mode of payment and hit 'submit'
Enter login credentials, and then you will be taken to tax payment page, where you will have to enter tax amount.
Fill tax amount, and hit 'confirm'.
In next page, you will be asked to confirm. If everything is correct, hit 'confirm'.
That's it. Download the receipt in PDF and save.
To pay advance tax offline, download challan 280. Fill the form and submit it to your banker.
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