Oltas challan payment

In order to make challan payments through the OLTAS system, the taxpayers are required to already have an online banking account at any of the banks that make us of the Online Tax Accounting System. E-payment of taxes has made it easier and more convenient for both taxpayers as well as the banks to pay as well as collect • Allahabad Bank • Andhra Bank • Axis Bank • Bank of Baroda • Bank of India • Bank of Maharashtra • Canara Bank • Central Bank of India • Corporation Bank • Dena Bank • HDFC Bank • ICICI Bank • IDBI Bank • Indian Bank • Indian Overseas Bank • Jammu & Kashmir Bank • Oriental Bank of Commerce • Punjab National Bank • State Bank of Bikaner & Jaipur • State Bank of Hyderabad • State Bank of India • State Bank of Indore • State Bank of Mysore • State Bank of Patiala • State Bank of Travancore • Syndicate Bank • UCO Bank • Union Bank of India • United Bank of India • Vijaya Bank How to make OLTAS Payment? Taxpayers can make the challan payment either personally at the bank or via e-payment through their relevant bank’s net banking service. Payment made at Banks: Taxpayers can visit their respective authorized banks personally and make direct tax challan payments through the Online Tax Accounting System at the bank. All authorized banks accept payment of direct taxes either through means of cash or through a demand draft or cheque. • Payment made by Cash: When taxpayers make direct tax payments via cash, the bank gives the torn off a section of the challan back t...

Page Contents • • • • • • • • A. Type of errors in TDS Challan 1. TAN 2. Assessment Year 3. Major Head code 4. Minor Head Code 5. Nature of Payment 6. Total Amount 7. Name Note – Deductee will not able to get tax credit in presence of such type of errors. B. Procedure to Correct Error in TDS Challan 1. TAN Number Correction If Deductor are deposited tax in another TAN than he is not able to do correction in challan. Two Method for correction are available mentioned below: – S.no Tax deposit method Authority to correct 1 Online challan Deposit (e -payment) Concerned assessing officer 2 Physical challan deposit in bank Bank- if correction request received within 7 days from challan deposit After 7 days – Concerned assessing officer 1.1. Step for submit application to concerned assessing officer for tan correction 1. If challans paid through online mode than taxpayer may contact their concerned Assessing officer of the income tax department. 2. Write an application on letter head of taxpayer to concerned assessing officer for correction of TAN NUMBER in deposited challan. 3. List of Document need to be attached with application a. No objection Certificate b. Affidavit c. Tan Number Certificate d. Copy of challan e. One Id proof of taxpayer 4. After that Application will be submitted with all required documents to concerned assessing officer of income tax department. 1.2 Steps of request to bank for TAN correction 1. The taxpayer has to submit the request form to the concerned...