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Author Topic: challan ITNS 280  (Read 7007 times)
gjashish
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Posts: 7


« on: July 27, 2009, 12:25:06 PM »

I have a salary income but apart from that I also need to pay some tax on interest from my saving account. I figured out that I have fill challan 280, but I am not able to understand whether I select
(0020)INCOME-TAX ON COMPANIES(CORPORATION TAX)
or
(0021)INCOME-TAX (OTHER THAN COMPANIES)

Can some one explain me all the section of challan 280.
thanks in advance.
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MyTaxes Support
Administrator
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Posts: 212


« Reply #1 on: July 28, 2009, 06:10:41 AM »

You will select 021 Income Tax (other than companies)
Select Self assessment tax 300
In payment details, fill Income Tax Income Tax and Education cess (3% of the income tax) and then the total. Or just put total in the Income Tax row and leave education cell row blank.
Also it is better that you deposit cash.
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gjashish
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Posts: 7


« Reply #2 on: July 28, 2009, 06:45:17 AM »

thnx, in details of payment under Income tax column, do I need to enter entire tax amount (i.e. TDS by company + Self Assesment tax = 42800) or only self assesment tax (800). Also, I am staying in Pune, do you know where cash deposit of income tax is available in Pune?
« Last Edit: July 28, 2009, 06:48:42 AM by gjashish » Logged
MyTaxes Support
Administrator
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Posts: 212


« Reply #3 on: July 28, 2009, 07:10:38 AM »

Only the amount you are actually depositing in the bank.
Complete your tax return. Figure out what is the balance of tax you must pay (after deducting TDS paid), and deposit this amount. This is your self assessment tax.
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gjashish
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Posts: 7


« Reply #4 on: July 28, 2009, 08:18:00 AM »

thnx Smiley
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