Making Tax Payments Simplified

Tax Payments Simplified

We’ve all talked a lot about how returns are filed, how taxes are calculated and what income tax deductions to apply to maximise our savings. But no one seems to be talking about paying the actual amount to be paid as Tax Payments, perhaps, because it is done by our employer for us. Others may take the help of a CA to get it done.

Making Tax Payments Simplified

But a little tax knowledge wouldn’t hurt especially if you can’t bring yourself to trust people who handle your money. If you know a little economics, you would understand that levying taxes influences people to save. Savings can be invested back into the economy. Capital accumulation helps kick-start new projects and leads to much-needed infrastructure growth. This leads to more trade, more commerce and in turn more employment and higher salaries. Higher salaries mean more savings and so the cycle continues.

Direct taxes are those that are collected directly from the taxpayer. These create a right on the part of the state and a corresponding obligation on the part of the citizen or entity subject to this tax. Examples of this tax include income tax, interest tax, corporate taxes, gift tax and wealth tax , Tax Payments.

Tax Payments are collected by the State in the following manner:

  1. Tax Deducted at Source:

  2. The Income Tax Act of 1961 enjoins upon every person who pays salary, commission or rent to deduct and pay through a designated bank, tax to the government at the prevailing slab rates shown below. For each category of TDS, different rules of the Act apply and those falling under certain sections can be tricky and may require the assistance of a trained professional. Read more here.For those making deductions from salary income in accordance with Section 192, Form 24Q, available on the income tax portal is to be filled in. A proof of tax payment document, also known as Form 16, is to be furnished to the person who is paid that salary.
    TDS is paid out every quarter. Apart from salary, this tax deduction is also applicable on capital gains, income from dividends, prizes, transfer of immovable property and so on.
  3. Voluntary contributions of tax:

    1. Advance Tax: Salaried tax assessees with other sources of income such as interest on dividends or bank accounts (in the latter case, interest earning greater than Rupees 10,000 in a year) are responsible for paying advance tax every quarter. The last date for making such payments is usually the 15th of the last month of every quarter.
    2. Self-Assessment Tax: Because it is your responsibility to pay income taxes on any earnings you make, you must pay the balance remaining after deduction of TDS and Advance Tax, if any, via self-assessment tax. This tax should be paid before filing income tax returns to avoid penalties or late payment interest.

tds deduction

You can make voluntary payments to the Income Tax department using Challan ITNS 280. Such tax payments can be made both online and offline.
You must visit the income Tax Payments official website and navigate to the e-payments link. Choose the correct form and then select whether you’re a company or an individual. Give your PAN number and choose the assessment year for which the payment has to be made. You can fill in the details of income as asked and the website will calculate the amount of tax due. For more information click here.

  1. Tax Collected at Source: This is tax that is paid by the receiver or seller of a good.

For a sample calculation of your tax liabilities use this calculator. Salaried individuals may explore what constitutes their income and what tax exemptions apply to them here.

CA assisted tax return efilings are the best option for you if you possess multiple sources of income.  AllindiaITR is one of the leading platforms to serve your tax needs. Owned and promoted by Corwhite Solutions Private Limited, it is also the producer of one of the most successful efiling tax apps for smartphones in the country.

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All India ITR
All India ITR, one of India’s leading tax prep websites offering personal tax solutions focussing on income tax return filing through tech platforms, be it the web, Android or iOS, is dedicated to making tax returns as easy and convenient and yet as complete as possible. With value added services to help maximise tax savings and minimise tax outgo and tax investment advice the comparative advantage of specialization allows us to uniquely serve our clients. All India ITR is certified to conduct E-return intermediary services by the Income Tax Department of India.


  1. really nice post – neatly arranged and covers everything related to the subject. I have one question,there are several instances where interest, fees, and penalty are levied on non-compliance of TDS provisionsn,so is there any penalty provisions for non-deduction of TDS?

  2. Great work ! Thnx for this this really help me alot.This blog is really helpfull for us to know more about taxes. This tell us everything that we should know about taxes. This is like a algorithm to fill taxes becaute it tell us step by step how we should fill taxes and yes it is also easy to understand. It tell breifly and accurately about taxes. The best thing about this blog is that we can get every information hear only. we shoud not go on different side to search about itr. Great work keep it up.
    Can you tell me more about tax collect ed at the source?

  3. Usually I never comment on blogs but your article is so convincing that I never stop myself to say something about it.Enjoyed reading the article, really explains everything in detail,the article is very interesting and effective.Great job!

  4. it was really helpful to view and fill the form. Many times we do not recollect the steps. I would share this with my friends group to make the steps clear.
    Thanks a lot!

  5. Thanks for this its really help me to understand about tax filling, After reading this article now I well know about the different taxpayer’s according their slab percentages, But I want to know that in advance tax under voluntary contribution of taxes if it failed to pay on 15th of the last month then their is any penalty aur deduction?

  6. Amazing blog. The most amazing thing i came to know from this blogs includes the calculator which can help me to calculate the amount of tax that I have to pay. Many people including me never even new how to pay taxes online and whether to trust these sites or not. I even had doubts regarding the slab rates that are allocated for different incomes as well as age groups this blog made it really easy to understand. The direct taxes that our government charges do help us in many ways i am thankful to All INDIA ITR for posting this blog as it has helped me alot and has even made my concepts regarding the different slabs and tax rate and how to easily fill an ITR in an effective and in an efficient manner. I only have one question that is what exactly are gift taxes?? Please explain this to me as this is the only thing i was not able to understand in this blog otherwise a great blog good work ALL INDIA ITR


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