New feature on e-Filing Portal: You can file ITR first, pay income tax later, know how to use this facility
[ad_1]
The Income Tax Department has introduced a new facility, under which you can file income tax return first and pay it later. This facility is available on the e-filing portal of the Income Tax Department. With the help of this facility, individuals can file ITR earlier without paying pending tax.
Once you file ITR, you have to pay tax. However, certain conditions have been given to file ITR with the help of this feature. Let us know how you can use this feature.
Salary letter facility has been introduced for this tax payment
According to tax experts, the pay letter option can be used only for self-assessment tax payments while filing ITR. The expert said that the pay letter option is not available for advance tax payment, TDS and others.
What are the disadvantages of using this facility?
There are a few things to keep in mind while filing ITR using the Pay Later option. Once you are going to file ITR and choose this option then you can be considered as a defaulter. Also, you may have to pay interest on the tax.
how to use this feature
- First of all go to New Income Tax e-filing portal
- File Income Tax Return after logging in once
- Now fill ITR after checking all your details
- As soon as you fill the income related information, the Income Tax Department shows the complete details of the tax payment. Also, it presents a deadline as to when you have to pay the tax.
- On this website you can see how much tax you have to pay
- Once you agree to this tax amount, you can choose to pay later or pay now
- Now you can file ITR by choosing Pay Later option
- You can pay tax after filing ITR
[ad_2]
Source link
