Oltas

OLTAS Payments OLTAS was introduced for collection, reporting and accounting of all kinds of direct taxes. We will discuss below procedure for direct tax payments under OLTAS. You may do it online or offline by visiting any of the OLTAS authorised bank branches. Payments online • Visit • Choose the relevant challan for the payment: • For ease of explanation, we are using screenshots of Challan No./ITNS 280. Procedure is similar for all types of challan • Select applicable major head code i.e., corporate tax or non corporate tax under taxes applicable: • Enter PAN and Assessment year for which tax is being paid. No need to enter the name of taxpayer. Data with respect to name will be automatically taken from PAN records and displayed in the next screen. • Enter contact details such as address, email id and contact number • Select applicable minor head code • Select mode of payment whether netbanking or by using debit card and choose the bank name from the drop down. As of now debit card payment is enabled only for four banks namely HDFC, ICIC, Indian Bank, Punjab National and State Bank of India. Netbanking payment is available for 25 banks. Also enter captcha image and click on ‘proceed’ • Once you submit the data, a confirmation screen will be displayed along with that taxpayer’s details as per PAN. • Post verification, click on ‘submit to the bank. In case details need to modified click on ‘edit’ and follow the same procedure again. • Taxpayer will now be directed to ban...

Online Tax Accounting System (OLTAS) Tax deducted at Source (TDS) Challan Status enquiry In brief OLTAS is for collection, accounting and reporting of the receipts and payments of Direct Taxes from all kinds of taxpayers, online, through a network of bank branches. To understand what is OLTAS, its features and benefits, you can click here - Any category of direct tax such as income tax, corporate tax, tax deducted at source (TDS), tax collected at source (TCS) etc can be paid using a single copy challan either online or by visiting bank branches authorised for OLTAS. Once taxes are paid by taxpayers, the collecting bank will capture the entire data of the challan and transmit it electronically to the Income-tax Department. Banks also reconcile daily tax collection with the information and data received by Tax Information Network (TIN) from the banks. This enables easy verification/ status checking of all details and information about the tax payments online. Once taxes are paid, tear off portion of counterfoil is given to taxpayers post rubber stamping by collecting bank and in case of online payment, challan is generated immediately. Challan/counterfoil contains Challan Identification Number (CIN) a unique serial number containing the following: • 7 digits BSR Code allotted by RBI to the bank branch where tax is deposited • Date of presentation of the challan (DD/MM/YY) • 5 digits serial number of Challan in that bank branch on that day CIN is a proof of tax payment by a ...

Protean (formerly NSDL eGov) e-Gov e-TDS/TCS Return Preparation Utility (RPU) TDS/TCS statements are furnished on quarterly basis, Now, quarterly statements pertaining to Financial Year 2007-08 onwards are accepted as per the guidelines of Income Tax Department. ITD has notified revised file formats for preparation of TDS (i.e. Tax Deducted at source) and TCS (i.e. Tax collected at source) statements . Deductors/collectors are required to prepare e-TDS/TCS statements as per these file formats using, Protean (formerly NSDL eGov) e-Gov. Return Preparation Utility or in-house software or any other third party software and submit the same to any of the TIN-FCs established by Protean (formerly NSDL eGov) e-Gov. Protean (formerly NSDL eGov) e-Gov has developed software called e-TDS/TCS Return Preparation Utility (RPU) to facilitate preparation of e-TDS/ TCS returns. This is a freely downloadable VB based utility. Separate utilities are available for preparation of each type of statement. RPU for Quarterly Returns From Financial Year 2005-06 onwards, TDS/TCS statements have to be filed on quarterly basis; however, as advised by Income Tax Department, acceptance of TDS/TCS statements prior to the FY 2007-08 has been discontinued at TIN. The following utility can be used to prepare quarterly regular as well as correction statements: • Newe-TDS/TCS Return Preparation Utility Ver. 4.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 • • Guidelines for usage of ...

Introduction FAQs Downloads Contact Us For Tax Payers : For Banks : Challan Status Enquiry for Tax Payers : Using this feature, tax payers can track online the status of their challans deposited in banks.This offers two kind of search. a) CIN based view : On entering Challan Identification Number (CIN i.e. details such as BSR Code of Collecting Branch, Challan Tender Date & Challan Serial No.) and amount (optional),the tax payer can view the following details: • BSR Code • Date of Deposit • Challan Serial Number • Major Head Code with description • TAN/PAN • Name of Tax Payer • Received by TIN on (i.e. date of receipt by TIN) • Confirmation that the amount entered is correct (if amount is entered) b) TAN based view : By providing TAN and Challan Tender Date range for a particular financial year , the tax payer can view the following details : • CIN • Major Head Code with descriprtion • Minor Head Code • Nature of Payment If the tax payer enters the amount against a CIN, the system will confirm whether it matches with the details of amount uploaded by the bank. Challan Status Enquiry for Banks Using this features, tax collecting branches and the nodal branches can track online the status of their challans deposited in banks as follows : a) Collecting Bank Branch : On providing the branch scroll date and the major head code - description, the tax collecting branch can access the total amount and total number of challans for each major head code. Further, the collecting branc...

Online Tax Accounting System orOLTAS is a system for online collection, accounting, and reporting of Direct Tax receipts and payments from all types of taxpayers (companies and individuals) via a network of bank branches. Online tracking of challans and e-challans for taxpayers is another benefit of this system. OLTAS issues a single challan with a tear-off strip to the taxpayer instead of the traditional system's three challans. Data from taxpayers is transferred directly from banks to the Tax Information Network (TIN). The National Securities Depository Ltd. established and maintains TIN to manage all data and information about challans between the tax department and banks. Why was the OLTAS challanintroduced? Direct taxes were previously collected manually by the Reserve Bank of India or State Bank of India branches. Other branches of public-sector banks were also involved in increasing the number of tax collecting locations. Further, to better serve taxpayers, the accounting system for direct taxes was given special attention. The manual procedure of tax collection and accounting was difficult to maintain and had many faults and flaws. OLTAS was created in June 2004 to overcome the problems associated with the manual collection and accounting of direct taxes. It was also a result of the technological revolution that replaced electronic means with manual procedures. OLTAS was created with the following goals in mind: • Online direct tax accounting • Online collection of...

Corporates who have availed Vyapaar / Vistaar / Saral facility can pay online Central and State Government taxes through Corporate Internet Banking Payment of most taxes needs to be originated from the government website, while some taxes can be paid directly through OnlineSBI Central Government Taxes Department State Government Taxes Merchant Name CutOffTime From To Andhra Pradesh Arunachal Pradesh Assam Bihar Chattisgarh 8:00AM 8:00PM Dadra and Nagar Haveli 8:00AM 8:00PM Daman and Diu 8:00AM 8:00PM Delhi 8:00AM 8:00PM 8:00AM 8:00PM Goa Gujarat 8:00AM 5:00PM 8:00AM 5:00PM Haryana Himachal Pradesh Jharkhand Karnataka Kerala 8:00AM 8:00PM Madhya Pradesh Maharashtra 8:00AM 8:00PM 8:00AM 8:00PM 8:00AM 8:00PM Manipur 8:00AM 8:00PM Meghalaya Mizoram 8:00AM 8:00PM Nagaland 8:00AM 8:00PM Orissa 8:00AM 8:00PM Puducherry Punjab Rajasthan Tamilnadu Tripura 8:00AM 4:00PM Uttarakhand Uttar Pradesh 8:00AM 8:00PM West Bengal Direct Taxes (OLTAS) OnlineSBI provides the facility to pay direct taxes online which includes payment of TDS, Income Tax, Corporation Tax, Security Transactions Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax, Gift Tax, Cash Transaction Tax and Fringe Benefits Tax. As a tax payer, you need to have a bank account enabled for net banking facility with transaction rights in anyone of our branches. To pay Direct Tax through the internet: • Click the Direct Taxes (OLTAS) link. You are displayed Tax Information Network webpage of Income Ta...

Online Tax Accounting System orOLTAS is a system for online collection, accounting, and reporting of Direct Tax receipts and payments from all types of taxpayers (companies and individuals) via a network of bank branches. Online tracking of challans and e-challans for taxpayers is another benefit of this system. OLTAS issues a single challan with a tear-off strip to the taxpayer instead of the traditional system's three challans. Data from taxpayers is transferred directly from banks to the Tax Information Network (TIN). The National Securities Depository Ltd. established and maintains TIN to manage all data and information about challans between the tax department and banks. Why was the OLTAS challanintroduced? Direct taxes were previously collected manually by the Reserve Bank of India or State Bank of India branches. Other branches of public-sector banks were also involved in increasing the number of tax collecting locations. Further, to better serve taxpayers, the accounting system for direct taxes was given special attention. The manual procedure of tax collection and accounting was difficult to maintain and had many faults and flaws. OLTAS was created in June 2004 to overcome the problems associated with the manual collection and accounting of direct taxes. It was also a result of the technological revolution that replaced electronic means with manual procedures. OLTAS was created with the following goals in mind: • Online direct tax accounting • Online collection of...

OLTAS Payments OLTAS was introduced for collection, reporting and accounting of all kinds of direct taxes. We will discuss below procedure for direct tax payments under OLTAS. You may do it online or offline by visiting any of the OLTAS authorised bank branches. Payments online • Visit • Choose the relevant challan for the payment: • For ease of explanation, we are using screenshots of Challan No./ITNS 280. Procedure is similar for all types of challan • Select applicable major head code i.e., corporate tax or non corporate tax under taxes applicable: • Enter PAN and Assessment year for which tax is being paid. No need to enter the name of taxpayer. Data with respect to name will be automatically taken from PAN records and displayed in the next screen. • Enter contact details such as address, email id and contact number • Select applicable minor head code • Select mode of payment whether netbanking or by using debit card and choose the bank name from the drop down. As of now debit card payment is enabled only for four banks namely HDFC, ICIC, Indian Bank, Punjab National and State Bank of India. Netbanking payment is available for 25 banks. Also enter captcha image and click on ‘proceed’ • Once you submit the data, a confirmation screen will be displayed along with that taxpayer’s details as per PAN. • Post verification, click on ‘submit to the bank. In case details need to modified click on ‘edit’ and follow the same procedure again. • Taxpayer will now be directed to ban...

Corporates who have availed Vyapaar / Vistaar / Saral facility can pay online Central and State Government taxes through Corporate Internet Banking Payment of most taxes needs to be originated from the government website, while some taxes can be paid directly through OnlineSBI Central Government Taxes Department State Government Taxes Merchant Name CutOffTime From To Andhra Pradesh Arunachal Pradesh Assam Bihar Chattisgarh 8:00AM 8:00PM Dadra and Nagar Haveli 8:00AM 8:00PM Daman and Diu 8:00AM 8:00PM Delhi 8:00AM 8:00PM 8:00AM 8:00PM Goa Gujarat 8:00AM 5:00PM 8:00AM 5:00PM Haryana Himachal Pradesh Jharkhand Karnataka Kerala 8:00AM 8:00PM Madhya Pradesh Maharashtra 8:00AM 8:00PM 8:00AM 8:00PM 8:00AM 8:00PM Manipur 8:00AM 8:00PM Meghalaya Mizoram 8:00AM 8:00PM Nagaland 8:00AM 8:00PM Orissa 8:00AM 8:00PM Puducherry Punjab Rajasthan Tamilnadu Tripura 8:00AM 4:00PM Uttarakhand Uttar Pradesh 8:00AM 8:00PM West Bengal Direct Taxes (OLTAS) OnlineSBI provides the facility to pay direct taxes online which includes payment of TDS, Income Tax, Corporation Tax, Security Transactions Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax, Gift Tax, Cash Transaction Tax and Fringe Benefits Tax. As a tax payer, you need to have a bank account enabled for net banking facility with transaction rights in anyone of our branches. To pay Direct Tax through the internet: • Click the Direct Taxes (OLTAS) link. You are displayed Tax Information Network webpage of Income Ta...

Protean (formerly NSDL eGov) e-Gov e-TDS/TCS Return Preparation Utility (RPU) TDS/TCS statements are furnished on quarterly basis, Now, quarterly statements pertaining to Financial Year 2007-08 onwards are accepted as per the guidelines of Income Tax Department. ITD has notified revised file formats for preparation of TDS (i.e. Tax Deducted at source) and TCS (i.e. Tax collected at source) statements . Deductors/collectors are required to prepare e-TDS/TCS statements as per these file formats using, Protean (formerly NSDL eGov) e-Gov. Return Preparation Utility or in-house software or any other third party software and submit the same to any of the TIN-FCs established by Protean (formerly NSDL eGov) e-Gov. Protean (formerly NSDL eGov) e-Gov has developed software called e-TDS/TCS Return Preparation Utility (RPU) to facilitate preparation of e-TDS/ TCS returns. This is a freely downloadable VB based utility. Separate utilities are available for preparation of each type of statement. RPU for Quarterly Returns From Financial Year 2005-06 onwards, TDS/TCS statements have to be filed on quarterly basis; however, as advised by Income Tax Department, acceptance of TDS/TCS statements prior to the FY 2007-08 has been discontinued at TIN. The following utility can be used to prepare quarterly regular as well as correction statements: • Newe-TDS/TCS Return Preparation Utility Ver. 4.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 • • Guidelines for usage of ...