India is making a considerable progress in the field of information and communication technology in the recent years. The implementation of the ICT can be seen in the developing e-governance policies. The spear heading venture in this development is the provision of online payment of taxes. Online tax payment is saving lots time and labour and increasing the transparency of the administrative system.
HOW TO PAY TAXES ONLINE?
From your income tax to property tax to wealth tax can be paid online. To make online tax payments you must have a bank account with net banking facility and also ensure that the bank has provisions for making E-payments. In case you do not have an account in a bank that provides such facilities or is an unauthorised bank for paying taxes you can pay your tax from another person’s account but make sure that your PAN is mentioned in the E-challan.
WHY PAY TAX ONLINE?
Saves time- You can save lots of time and avoid standing in long to pay your tax. This has been a huge harassment associated with payment of taxes. Old and young, irrespective of age were seen standing in long serpentine lines for hours outside tax offices and registered banks for collection of taxes. Online payment allows you to sit at home and pay the tax at your convenience.
Accuracy- To err is human, there will always be a big chance of errors occurring when other people are involved. Filling in the details for your own tax payment will save you the harassment of having misspelled names and inaccurate information on your receipts that are extremely important for future reference in case of any dispute.
Convenience- Online tax payment can be made at any time of the day. While paying manually you are limited by the banking hours to make payments but the online transaction increases your convenience.
It increases transparency- Corruption can be curbed by increasing the use of online payment. Chances of taking bribe will be eliminated as there would be no human interface involved while carrying out a transaction.
Can be paid from any location- You do not need to worry about becoming a tax defaulter just because you are out of station anymore. Through online tax payment options you can pay your tax from any location and will not need to worry about visiting the specific collection centre or office.
No chance of misplacing your receipts- The E-challan is automatically generated immediately after you make the payment for your tax online. This can be saved virtually for future reference and when needed, it can easily be downloaded.
HOW TO PAY TAXES ONLINE?
From your income tax to property tax to wealth tax can be paid online. To make online tax payments you must have a bank account with net banking facility and also ensure that the bank has provisions for making E-payments. In case you do not have an account in a bank that provides such facilities or is an unauthorised bank for paying taxes you can pay your tax from another person’s account but make sure that your PAN is mentioned in the E-challan.
WHY PAY TAX ONLINE?
Saves time- You can save lots of time and avoid standing in long to pay your tax. This has been a huge harassment associated with payment of taxes. Old and young, irrespective of age were seen standing in long serpentine lines for hours outside tax offices and registered banks for collection of taxes. Online payment allows you to sit at home and pay the tax at your convenience.
Accuracy- To err is human, there will always be a big chance of errors occurring when other people are involved. Filling in the details for your own tax payment will save you the harassment of having misspelled names and inaccurate information on your receipts that are extremely important for future reference in case of any dispute.
Convenience- Online tax payment can be made at any time of the day. While paying manually you are limited by the banking hours to make payments but the online transaction increases your convenience.
It increases transparency- Corruption can be curbed by increasing the use of online payment. Chances of taking bribe will be eliminated as there would be no human interface involved while carrying out a transaction.
Can be paid from any location- You do not need to worry about becoming a tax defaulter just because you are out of station anymore. Through online tax payment options you can pay your tax from any location and will not need to worry about visiting the specific collection centre or office.
No chance of misplacing your receipts- The E-challan is automatically generated immediately after you make the payment for your tax online. This can be saved virtually for future reference and when needed, it can easily be downloaded.
No comments:
Post a Comment