e-taxation

Introduction
Before the introduction of e-taxation, have to know about the taxation. What is taxation? The most important source of revenue of the government is taxes. The act of levying taxes is called taxation. A tax is a compulsory charge or payment imposed by government on individuals or corporations. The persons who are taxed have to pay the taxes irrespective of any corresponding return from the goods or services by the government. The taxes may be imposed on the income and wealth of persons or corporations and the rate of taxes may vary. Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such the Municipality or the Local Council. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Centre and the State. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law”. Therefore each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. In 2010-11, the gross tax collection amounted to 7.92 trillion, with direct tax and indirect tax contributing 56% and 44% respectively.

Constitutionally established scheme of taxation
Article 246 of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature. Schedule VII enumerates these subject matters with the use of three lists;
  

List - I entailing the areas on which only the parliament is competent to make laws, List - II entailing the areas on which only the state legislature can make laws, and List - III listing the areas on which both the Parliament and the State Legislature can make laws upon concurrently.

Separate heads of taxation are is no head of taxation in the Concurrent List (Union and the States have no concurrent power of taxation). The list of thirteen Union heads of taxation and the list of nineteen State heads are given below:

Entry 88) Terminal taxes on goods or passengers. taxes on railway fares and freight (List I. Entry 82) 2 Duties of customs including export duties (List I. Entry 83) Duties of excise on tobacco and other goods manufactured or produced in India except (i) alcoholic liquor for human consumption.Central government S. where such sale or purchase takes place in the course of inter-State trade or commerce (List I. Entry 85) Taxes on capital value of assets. and (ii) opium. Entry 93A) All residuary types of taxes not listed in any of the three lists (List I. 1 Taxes on income other than agricultural income (List I. of individuals and companies. Entry 84) Corporation Tax (List I. Entry 92A) Taxes on the consignment of goods in the course of inter-State trade or commerce (List I. Entry 89) Taxes other than stamp duties on transactions in stock exchanges and futures markets (List I. Entry 87) 3 4 5 6 7 Duties in respect of succession to property other than agricultural land (List I. exclusive of agricultural land. Parliament of India No. taxes on capital of companies (List I. Entry 86) Estate duty in respect of property other than agricultural land (List I. Entry 92) Taxes on sale or purchase of goods other than newspapers. (List I. Entry 97) 8 9 10 11 12 13 . sea or air. but including medicinal and toilet preparations containing alcohol or any substance included in (ii). carried by railway. Entry 90) Taxes on the sale or purchase of newspapers and on advertisements published therein (List I. Indian hemp and other narcotic drugs and narcotics.

and (ii) opium. Entry 46) 3 Duties in respect of succession to agricultural income (List II. Entry 48) 5 Taxes on lands and buildings (List II. Indian hemp and other narcotic drugs and narcotics (List II. Entry 54) 11 Taxes on advertisements other than advertisements published in newspapers and advertisements broadcast by radio or television (List II. and alienation of revenues (List II. use or sale therein (List II. the maintenance of land records.State governments S. Entry 49) 6 Taxes on mineral rights (List II. Entry 45) 2 Taxes on agricultural income (List II. including the assessment and collection of revenue. 1 Land revenue. Entry 53) 10 Taxes on the sale or purchase of goods other than newspapers (List II. State Legislature No. survey for revenue purposes and records of rights. Entry 51) 8 Taxes on entry of goods into a local area for consumption. Entry 52) 9 Taxes on the consumption or sale of electricity (List II. Entry 47) 4 Estate Duty in respect of agricultural income (List II. Entry 55) . Entry 50) 7 Duties of excise for following goods manufactured or produced within the State (i) alcoholic liquors for human consumption.

Entry 58) 15 Tolls (List II. Entry 56) 13 Taxes on vehicles suitable for use on roads (List II. Entry 61) 18 Taxes on luxuries. amusements. It is responsible for administering following direct taxation acts passed by Parliament of India. Entry 59) 16 Taxes on profession.       Income Tax Act Wealth Tax Act Gift Tax Act Expenditure Tax Act Interest Tax Act Various Finance Acts (Passed Every Year in Budget Session) Income Tax Department is also responsible for enforcing Double Taxation Avoidance Agreements and deals with various aspects of international taxation such as Transfer Pricing. . Entry 62) 19 Stamp duty (List II. Entry 63) Any tax levied by the government which is not backed by law or is beyond the powers of the legislating authority may be struck down as unconstitutional. including taxes on entertainments. callings and employments (List II. Entry 60) 17 Capitation taxes (List II. betting and gambling (List II.12 Taxes on goods and passengers carried by roads or on inland waterways (List II. Entry 57) 14 Taxes on animals and boats (List II. Income Tax Department Income Tax Department functions under the Department of Revenue in Ministry of Finance. trades.

1961. However. In terms of the Finance Act. The rate of taxes are prescribed every year by the Parliament in the Finance Act. Government of India.1964.Finance Bill 2012 seeks to grant Income Tax Department powers to combat aggressive Tax avoidance by enforcing General Anti Avoidance Rules. namely the Central Board of Direct Taxes and Central Board of Excise and Customs with effect from 1. . corporations and body of persons. whose members constitute the top management of Income Tax Department. a premier civil service of India. Central Board of Direct Taxes The Central Board of Direct Taxes (CBDT) is a part of the Department of Revenue in the Ministry of Finance. Income tax rates In terms of the Income Tax Act. the Board was split up into two. when the administration of taxes became too unwieldy for one Board to handle.It is India’s official FATF unit. the rate of tax for individuals. all of whom are Special Secretary to Government of India. This bifurcation was brought about by constitution of the two Boards u/s 3 of the Central Boards of Revenue Act. The Central Board of Revenue as the Department apex body charged with the administration of taxes came into existence as a result of the Central Board of Revenue Act. Organisational Structure of the Central Board of Direct Taxes: The CBDT is headed by Chairman and also comprises six members. The CBDT provides essential inputs for policy and planning of direct taxes in India and is also responsible for administration of the direct tax laws through Income Tax Department. Initially the Board was in charge of both direct and indirect taxes. Association of Persons (AOP) and Body of individuals (BOI) is as under.       Member (Income Tax) Member (Legislation and Computerisation) Member (Revenue) Member (Personnel & Vigilance) Member (Investigation) Member (Audit & Judicial) The Chairman and Members of CBDT are selected from Indian Revenue Service (IRS). 1963. 1924. a tax on income is levied on individuals.1. popularly called the Budget. 1963. HUF. The CBDT is a statutory authority functioning under the Central Board of Revenue Act. 2009.

000 → 2. It is a tax levied on services provided in India. which imposes duties of customs. Customs Act. 1.000 (for very senior citizen of 80 years or above)= 0. 6.000 (for individual female )= 0.000.00. 2.001 upwards = = = = 0%.000 → 10. the rate of Central Excise and Service Tax will be progressively altered and brought to a common rate.001 – 10.50. 1994. Central Excise Act. Pranab Mukherjee in his Budget speech has indicated the government's intent of merging all taxes like Service Tax. 30%. 1944.001 – 5.000 → 5. *Education Cess 2% +Secondary and Higher Secondary Education Cess 1% Education cess is applicable (2%+1%)@ 3% on income tax Service tax Service tax is a part of Central Excise in India. *Up to 5. The responsibility of collecting the tax lies with the Central Board of Excise and Customs(CBEC). which imposes a duty of excise on goods manufactured or produced in India. 10% 20%. Excise and VAT into a common Goods and Service Tax by the year 2011. 3. Wealth Tax Act. which has a regular history of being passed and repealed. → Up to 2. except the State of Jammu and Kashmir.00. imposed under Finance Act.00.Income Tax Rates/Slabs Rate  As per budget 2012.35. which taxes the provision of services provided by service providers within India or services imported by Indian from outside India. Entertainment taxes . In budget presented for 2008-2009 It was announced that all Small service providers whose turnover does not exceed 1. The ex-Finance Minister of India. Central Sales Tax.000 (for resident individual of 60 years or above)= 0. *Up to 2. * Up to 2.00. which imposes sales tax on goods sold in inter-state trade or commerce in Indi sale of property situated within the State. 4. Service Tax. countervailing duties and antidumping duties on goods imported in India.000 need not pay service tax.00. 1962.00. 1956. To achieve this objective. 5.00.

The Indian Income Tax Department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance. property tax. which is not chargeable to the income tax. Excise duty. History of Indian Income Tax Income tax levels in India were very high during 1950-1980. of India. Personal Income Tax in India Everyone whose income exceeds the maximum amount.  Indirect Tax:.Now. 1961. But to reduce tax evasion tax rates were reduced later on. Types of taxes  Direct Tax:. The levy is governed by the Indian Income Tax Act. co-operative societies and trusts (identified as body of individuals and association of persons) and any other artificial person. There are close to 35 million income tax payers in India or 6 per cent of labour force. is an assesses. Service Tax and Excise will be inclusive part of GST in due course of time.It is levied on the expenditure of a person. capital gains tax. and shall be chargeable to the income tax at the rate or rates prescribed under the finance act for the relevant assessment year. Levy of tax is separate on each of the persons. firms. custom duties etc are examples of indirect taxes. on the Total Income earned in the Previous Year by every Person . at the rate enacted by the Union Budget (Finance Act) for every Assessment Year.5%. wealth tax etc are examples of direct taxes. companies. In 1973-74 highest rate was 97. Govt. corporation tax on company’s profits.5% including surcharges. in 1970-71 there were 11 tax slabs with highest tax rate being 93. shall be determined on basis of his residential status.Income tax. Income tax is a key source of funds that the government uses to fund its activities and serve the public. sales tax. Hindu Undivided Families (HUFs). by "1992-93" maximum tax rates were reduced to 40%. Income tax in India The government of India imposes an income tax on taxable income of individuals. Income tax is a tax payable.

 Income in the form of Capital gains. viz. HEADS OF INCOME The total income of a person is divided into five heads:  Income from salaries.  Resident but not Ordinarily Residents In India  Must have been a non-resident in India 9 out of 10 years preceding previous year or have been in India in total 729 or less days out of last 7 years preceding the previous year.  Non Residents In India(N. Taxable if income is earned from business or profession setting in India or having their head office in India.R..  Income from house and property. person must be living in India at least 182 days during previous year or must have been in India 365 days during 4 years preceding previous year and 60 days in previous year.I)  Non Residents are exempt from tax if accrue or arise or deemed to be accrued or arise outside India.  Income from business and profession.  Resident Ordinarily Residents In India  Under this category. Not residents are taxable in relation to income received in India or income accrued or deemed to be accrued or arise in India and income from business or profession controlled from India. and  Income from other sources .Some conditions Residential Status The three residential status. Ordinary residents are always taxable on their income earned both in India and Abroad.

Rent paid minus 10% of 'salary'. the Form 16 will contain any other deductions provided from salary such as: 1. 50%/40%(metro/non-metro) of basic salary 3. usually a slabbed amount based on gross income. and provide their employees with a Form 16 which shows the tax deductions and net paid income.Income from Salary All income received as salary under Employer-Employee relationship is taxed under this head. In addition. Such taxes paid are deductible from income tax. if income exceeds minimum exemption limit. 3. Actual HRA received 2. Conveyance allowance’s tax exempt. No bills are required for this amount. Employers must withhold tax compulsorily. 4. Medical reimbursement: Up to 15. House rent allowance: the least of the following is available as exemption 1. Meaning of salary Commission Any Any other Taxable Bonus particulars Basic DA salary If terms of at fixed % other commission allowances employment of turnover DA provide & achieved by forming part of employee superannuation benefits Exemption /Deduction in respect of: Compensation Yes No under VRS House rent allowance Employer’s contribution of RPF Gratuity: Employee not covered by payment of gratuity Gratuity: Yes Yes No Yes No Any other cash emoluments not in nature of perquisites Yes . 5.600 per year) is tax free if provided as transport allowance. as Tax Deducted at Source (TDS). 2. Professional taxes: Most states tax employment on a per-professional basis. Transport allowance: Up to 800 per month (9. The exemption for HRA u/s 10(13A) is the least of all the above three factors. basic Salary for this purpose is basic +DA forming part +commission on sale on fixed rate.000 per year is tax free if supported by bills.

000 (if loan is taken on or after 1 April 1999 and construction is completed within 3 years) and Rs.000 (if the loan is taken before 1 April 1999). Rs.Employee covered by payment of gratuity Act Entertainment Yes No allowance :to a government employee Valuation of perquisites Accommodation: Yes No Yes Yes Yes Yes Determining Income under the head “salary” is exclusive of all benefits or amenities not provided salary limit of by way of monetary payment. The balance is added to taxable income. The annual value (Annual value in case of a self occupied house is to be taken as NIL. For l non self-occupied homes.30. is GAV Less: municipal taxes paid by the owner Net annual value xxx xxx xxx . with no upper limits. deduct Municipal Tax paid and you get the Net Annual Value.) From this. all interest is deductible. specified employee Income from House property Income from House property is computed by taking into account what is called Gross Annual Value of the property.1. deduct :    30% of Net value as repair cost (This is a mandatory deduction) No other deduction available Interest paid or payable on a housing loan against this house In the case of a self occupied house interest paid or payable is subject to a maximum limit of Rs. (However if there is more than one self occupied house then the annual value of the other house/s is taxable. Gross annual value (GLV) Rs. (a) Annual letting Xxx value(ALV) (a) Actual annual Xxx rent received /receivable Whichever is higher. From this Net Annual Value.50.

40A. 33AC. 44A. which contain the computation completely within itself. 44-D & 44-DA. 5. Deductible Expenses .. 44BBB.Sections 37(2). The computation of income under the head "Profits and Gains of Business or Profession" depends on the particulars and information available. 3. 33ABA.. 44AF. if regular books of accounts have been maintained and Profit and Loss Account has been prepared. Sections 44 to 44DA (except sections 44AA. viz. Inadmissible Expenses .Sections 44. Special Provisions . then the computation would be as under: - .Sections 42 & 43D Self-Coded Computations .[6] If regular books of accounts are not maintained. In summary. 44B. 44BB. 44BBA. the sections relating to computation of business income can be grouped as under: 1. the incomes chargeable as "Income from Business or Profession" shall be computed in accordance with the provisions contained in sections 30 to 43D. Section 44C is a disallowance provision in the case non-residents. 35A.Sections 30 to 38 [except 37(2)]. 44AE. 2. 4.e. there are few more sections under this Chapter. Deemed Incomes . However.Income from Business or Profession The income referred to in section 28. 44AD. Section 44AA deals with maintenance of books and section 44AB deals with audit of accounts. 35ABB & 41. i.Sections 33AB. then the computation would be as under: Income (including Deemed Incomes) chargeable as income under this head xxx Less: Expenses deductible (net of disallowances) under this head xxx Profits and Gains of Business or Profession xxx However. 43B & 44-C. 40. 44AB & 44C).

Certain transactions are not regarded as 'Transfer' under section 47. or pay 10% of non indexed gains. 3. A Capital asset is defined under section 2(14) of the I. jewellery. the higher capital gains taxes will apply to such transactions where STT is not paid. person has an option to either index costs to inflation and pay 20% of indexed gains. paintings. In case of all other long term capital gains. Act. There are different scheme of taxation of long term capital gains. 1961 as property of any kind held by an assesses such as real estate. art etc. etc. which are taxed as such: .Income from Capital Gains Transfer of capital assets results in capital gains. 2. relinquishment of asset extinguishment of rights in an asset. indexation benefit is available and tax rate is 20%. Sale of such long term assets gives rise to long term capital gains. For tax purposes. All capital gains that are not long term are short term capital gains. Transfer has been defined under section 2(47) to include sale. there are two types of capital assets: Long term and short term. no tax is payable. As per Section 10(38) of Income Tax Act.T. STT has been applied on all stock market transactions since October 2004 but does not apply to off-market transactions and company buybacks. equity shares. 1961 long term capital gains on shares or securities or mutual funds on which Securities Transaction Tax (STT) has been deducted and paid. In case of other shares and securities. but does not include some items like any stock-in-trade for businesses and personal effects. therefore. bonds. The indexation rates are released by the I-T department each year. exchange. Long term asset is that which is held by a person for three years except in case of shares or mutual funds which becomes long term just after one year of holding. These are: 1.

For Asst Yr 2009-10 the tax rate is 15%. Cost of acquisitions Short term capitals gain Xxxxx (-) _________ Xxxxx (-) Nil _________ Xxxxx (-) (-) ________ Cost of acquisitions includes = purchase price +Breakage /legal exp. For companies abroad. In all other cases.  Under section 111A. 5. 2. 4. the tax liability is 20% of such gains suitably indexed (since STT is not paid). it is part of gross total income and normal tax rate is applicable. Particulars Short term capital assets Sale of Sale of bonus Sales of land original shares shares Sale price. 3. tax rate is 10% From Asst Yr 2005-06 as per Finance Act 2004. for shares or mutual funds where STT is paid. being full value of consideration LESS: permissible deduction 1. under this head income which does not meet criteria to go to other heads is taxed. Income from Other Sources This is a residual head. In connection with purchase+ interest loan– advance forfeited. Income by way of Dividends Income from horse races Income from winning bull races Any amount received from key man insurance policy as donation. 1. Expenses in connection with transfer 2. There are also some specific incomes which are to be taxed under this head./registration +exp. Income from shares (dividend other than Indian company) .

000 for each year. card maintaining race horses games or gambolling or betting participating in races any other games of any sort. it is to be grossed up because the amount of tax deducted at sources is a part of income of the assesses.8% return compounded annually. Amount of winning is grossed up in the following manner. Net amount of winning X100 ______________________ 100 – Rates of TDS Deduction While exemptions is on income some deduction in calculation of taxable income is allowed for certain payments. Rs. there is employee provident fund which is deducted from the salary of the person.Particulars Winning from lottery. This is about 10% to 12% of the BASIC salary component. EPF has the option of full settlement on leaving the job. horse Winning from owning and race. crossword. PPF provides 8. Xxx Not deductible Rs. Xxx Xxx (revenue expenditure incurred is allowed) Xxx Gross amount of winning Less: any expenditure incurred Taxable income Xxx Gross up winning: it is always gross winning which is taxable. Section 80C Deductions Section 80C of the Income Tax Act allows certain investments and expenditure to be deducted from total income up to the maximum of 1 lac. puzzle. . The interest earned on PPF investments is not taxable. The total limit under this section is ₹100. taking VRS. Besides. Maximum limit to contribute in it is 100. Where amount of winning is paid after deduction of tax at source. Recent changes are being discussed regarding reducing the instances of withdrawal from EPF especially when one changes the job. It is a long term investment with complete withdrawal not possible till 15 years though partial withdrawal is possible after 5 years.000 ) which can be any combination of the below:  Contribution to Provident Fund or Public Provident Fund.

1 2011. Investment in pension Plans. It also has options of withdrawal for certain expenses related to home. provides a deduction of up to 35. Y. the incumbent's age should be 60 years during any part of the current fiscal. Payments towards principal repayment of housing loans.000. It is distributed in ratio of 8. Investment in National Savings Certificates (interest of past NSCs is reinvested every year and can be added to the Section 80 limit) Tax saving Fixed Deposits provided by banks for a tenure of 5 years. spouse and children even if they are not dependent on father or mother. It has 22 point of purchase (banks).000 savings under IT deductions clause 80C. Payments towards tuition fees for children to any school or college or university or similar institution (Only for 2 children) Post office investments The investment can be from any source and not necessarily from income chargeable to tax. marriage or medical.00 for premium payments towards policies on self.000.33:3. Also any registration fee or stamp duty paid. a maximum of ₹20. Individual can make minimum contribution of Rs6000/. Annuity payable after retirement is dependent upon age. . popularly known as Med claim Policies. Section 80CCF: Investment in Infrastructure Bonds From April. This deduction is in addition to ₹1. depending upon age up to 50% can go in equity. spouse and children and ₹15.00 (₹15.00. This is in addition to the 100. Section 80D: Medical Insurance Premiums Health insurance.000. Investment in Equity Linked Savings schemes (ELSS) of mutual funds.67 in Pension fund and Providend fund         Payment of life insurance premium. However. EPF contribution includes 12% of basic salary from employee and employer.00 for premium payment towards senior citizen dependent). e. Among other investment opportunities. This deduction is also applicable to the cheques paid by proprietor firm. However this deduction has not been extended to Financial year 2012-13. For consideration under a senior citizen category. Interest is also taxable. ELSS has the least lock-in period of 3 years. for the fiscal year 2010-11. the incumbent should already be 60 as on March 31.. one should note that after the Direct Tax Code is in place. Omitted with effect from F.000 is deductible under section 80CCF provided that amount is invested in infrastructure bonds.000.000 deduction allowed under Section 80C.g.retirement after 58. ELSS will no longer be an investment for 80C deduction. NPS has six fund managers.00 for premium payment towards non-senior citizen dependent parents or ₹20. 2012-13. National Pension Scheme is meant to save money for the post retirement which invests money in different combination of equity and debt. It is allowed on premium paid on self. 2011).

refund claims of T. Then SBI will process the refund. 2. This deduction is in addition to the deductions under sections 80C. Online your online banking either personal or corporate. the rent is to be shown as income from such properties.S. The refund status can be checked online at the NSDL site Procedure to payment tax With the help of internet having to pay the tax.D. the house will be considered self occupied. Then select the e-tax option. Your tax refund details are sent to SBI. Refund Status State Bank of India (SBI) is the refund banker to the Indian Income Tax Department (ITD). 30% of rent received and municipal taxes paid are available for deduction of tax. etc Deduction is allowed to resident individual or HUF in respect of expenditure actually during the PY incurred for the medical treatment of specified disease or ailment as specified in the rules 11DD for himself or a dependent relative or a member of a HUF. will no more be necessary. deducted in excess. If the house is not occupied due to employment. However.Interest on Housing Loans Section For self occupied properties. While filing your return you can choose any one of the two Refund modes ECS or Paper(cheque). this is only applicable for a residence constructed within three financial years after the loan is taken and also the loan if taken after April 1. by the Income tax department.000 per year is exempt from tax. needful documents to pay your tax are following: GRID card Online Banking Credit Card PAN Card TAN Card Procedure to pay with the help of online banking 1. and send you the refund intimation. where displayed on the page. . the entire interest paid is deductible under section 24 of the Income Tax act. For let out properties. interest paid on a housing loan up to Rs 150. 80CCF and 80D. The losses from all properties shall be allowed to be adjusted against salary income at the source itself. 1999. Section 80DDB : Deduction in respect of Medical Treatment. on this count. However. Therefore.

If you find the challan in the list of pending challans even after making the payment. Once your transaction is complete. 2. assessment year.nsdl. 10. you are redirected to ICEGATE website. it will not appear in the list of pending challans in the ICEGATE site. 9. If you are paying the direct tax just follow that 1. https://onlineservices.in (You can also click the Indirect Taxes (Customs) hyperlink in the OnlineSBI eTax banner in the Home Page). Click on Pay against the challan you wish to make a payment for.3. You can safely repeat this step. type of payment etc. if the issue is not resolved. Proceed to select the account from which you wish to pay tax. minor head.com and select E-Payment (Excise & Service Tax). Login to https://cbec. 5. major head.icegate. just follow that CBEC has changed the process for payment of Excise & Service Tax. 6. Then select your e-tax type either state government tax or direct tax or indirect tax. Select State Bank of India from the list of Banks. If you are paying the customs under indirect tax then just follow that 1. 4. Key in your Assessee Code. (You can also click the Direct Taxes OLTAS hyperlink in the OnlineSBI Home page banner) You are displayed Tax Information Network webpage of Income Tax Department. If you are a retail customer you can also generate an e-receipt subsequently in OnlineSBI using the 'Status Enquiry' link in the 'Enquiries' tab. accounting codes and select State Bank of India from the list of banks for payment. please click on Verify link appearing against the challan. address.com/etaxnew/tdsnontds.gov. 8. 7. https://epay.tin. 2. In a new browser window enter the URL. 3. Enter the PAN. System will update the status and challan will disappear from the list of pending challans. Enter your Internet Banking user ID and password to login. name. In a new browser window enter the URL. . Click the challan Number applicable for your payment. Select e-Payment. You are displayed Customs e-payment Gateway. You will be redirected to the OnlineSBI login page. If you are paying the excise and service tax under indirect tax then. 3. select the type of payment. On successful processing of your transaction. Provide your Import-Export code or the login credentials given by ICEGATE. You are displayed the list of your unpaid challans. The same is available for corporates in the 'Query by Echeque/Account' link in the 'Reports' tab.jsp.nsdl. If the payment was successfully made for the challan. Select e-payment under services. you are provided a link to print the ereceipt for the payment.

personal and corporate tax make to easy payment. you are provided a link to print the e-receipt for this payment. With the help of demo. The quote of e-filing of your tax return is “show your contribution to the nation”. with direct tax and indirect tax contributing 56% and 44% respectively.92 trillion. with the help of internet. the government comes back to black money. It is the better source to collect the revenue With the help of taxation. The same is available for corporate in the 'Query by E-cheque/Account' link in the 'Reports' tab. For the consumer help. On successful processing of your transaction. If your credentials are valid. it reduces the processing and difficulties. either partially or directly the gross tax collection amounted to 7. E taxation is the way to pay the tax is very fast and quick. • • • • • • • • • • • • . Select State Bank of India from the list of banks. E-taxation filling time is in some extension than general /manual filling. If you are a retail customer you can also generate an e-receipt subsequently in Online SBI using the 'Status Enquiry' link in the 'Enquiries' tab.4. 5. In 2010-11. we can easily understand and operate to e-payment. You will be redirected to Online SBI login page. we can get the any notice and taxation elaboration in better manner. All type of documents is available on the internet and with the help of e-taxation. providing the toll free number 18001801961. Most of bank provide that facility and to know about the e payment. With the help of online. Provide the demo of payment on the taxation departmental website. Advantages and disadvantages of taxation cum e-taxation Advantages :• • Taxes in India are levied by the central government and the state governments. Enter your Internet Banking User ID and password. you can proceed to select the account from which you wish to pay tax. All department taxes are separately in well manner. With the help of e-taxation. 6.

Only those people can pay e-tax. In many places.• Now available 24x 7 tax paying convenience from anywhere through ATMs. They have feared to wrong happened by the online taxation. PNB. people don’t know about the e-taxation. . BOB. BOM. Disadvantages and barrier of e-taxation:• • • • • • • Internet is the main barrier for the e-taxation. Central Bank of India etc. In many places. It creates the generation gap between new and old men. Union Bank. eg. who carries the online banking. there are not proper advices of bank for the e-taxation. Lack of understanding of Indian civilian but new generation is accepting. Like HDFC Bank. Canara Bank. Axis Bank.

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