advace tax payment

I will try to answer all ur queries in sequence as u mentioned . But please take care in future to provide detailed info to get the detailed answer as the info u provided is incomplete , like ur status - Individual/firm/company etc.

1  . Wrong , Challan 281 is fr payment of TDS . For payment of Advance tx , use Challan 280 & choose the option (100) for Advance tax in form. Here is link for u to download the same :

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/challanITNS-280.pdf

2. ITR-V is form of Retun which is to be filled by the Firms for their Income of the year . For advance tax payment, there is no relation of IR-V.

3. For payment of Adv tax , just fill the form I mentioned above & deposite in Bank , or pay by Online Bank transfer , as u like , there is no enclosure required . However , for ur own convinience & future reference that how u arrived at this amount , keep a copy of calculation with urself.

4. Challan 280 , not 281 . also , u focused only on online transfer.  It is mandatory only for those who are covered under Tax Audits or Corporates . Otherwise , u can deposit in bank by cash or cheque also. No other steps are required except for filling & depositing challan 281 with tax amount.

Other points for ur reference :

1. U have to pay advance tax only if the total liability for the year 2009-10 is above Rs. 10000 , otherwise not .

2. As You haven't mentioned ur status , I am unable to comment on the percentage of Tax u need to deposit as Advance tax by 15th Septemeber.  If u are non-corporate assesee - 30% , if corporate assesee - 45%.

Dear Vikrant Arora,

Thank you for your detailed reply & clarifying the doubts. My main concern was the formalities to be followed after making payment. Yes, I am sorry about mistake in challan number. I intend to follow the online procedure for convenience & to avoid visit to bank or any other place (eg IT Department). Kindly confirm that no digital signature needed for the payment of Advance tax & I must only rember Challan Identification Number(CIN) which possibly will be required while filing IT Reurn(? ... kindly confirm). I am non-coporate assesee so I have to pay 30% of expected tax (which is expected to be more than 10000). Kindly suggest/comment.

Thanking you once again. Best regards, RAKESH

No digital signature required for paying advance tax.

Take a print out of the challan for future reference as u need to file details such as name of the bank, branch, date of payment and the CIN. So take a print out for your reference or store it in ur computer in PDF format.

Since u are individual assessee u r expected to pay 30% of the expected tax.

Thanks to Vikrant & Aditya for valueable suggestions. Best regards, RAKESH

One more query. My PAN card was made in Delhi but now I am in Bangalore. So, my address in PAN Card is for Delhi (which is also valid & I can be contacted using this address too). Should I must change address in PAN Card before paying Advance Tax. I don't want to change it as IT Return for FY 2008-2009 must be still under processing & if any query is raised by IT Department it will be handled better by my CA at Delhi whose address is in PAN Card as I was not living at Delhi most of the times. But for FY 2009-2010 I want to pay Advance Tax from Bangalore where I am settled now permanently & plan to change address in PAN card after April 2010. Kindly suggest .