Online Tax Payment, e-Payment, e-Filing

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Online Tax Payment, e-Payment, e-Filing	Section 80C of Income Tax Act- Tax saving income
In India e-filing or online tax payment is compulsory for all companies and other assesses whose accounts are audited u/s 44AB. How to to Pay Tax Online First of all you need to open an account with any of the bank authorized by RBI for receiving Government challans. The second step is to go to the website incometaxindia.gov.in and click on pay taxes online. Fill the required fields on the screen. After that you would need to make payment through your net banking account. Immediately after payment you would get challan counterfoil with challan identification number (CIN). For your record print the counterfoil and also save the softcopy of the counterfoil on the computer.	Benefits of online tax payment or e-filing. Its convenient as you can do it at anytime form anywhere you wish. E-filing of tax would enable faster processing of your taxes and you would also get quick refunds, if any. As the form is filled by you online . than ensures higher accuracy of data. Its time saving. You would also get Transaction ID in your bank statement. Online verification of credit of tax. Instant receipt of your acknowledgement.
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