advance tax

How To Pay Advance Tax Online (FY 2022-23)

Posted by CA Pankaj Kumar Vats
On 4 Jun 2022

Let us first Understand, Who should pay the Advance Tax?
If the Total Tax Liability of Any Person is more than Rs. 10,000/-, then the advance tax needed to be paid in 4 installments as follows:-
By 15th June: 15% of the Total Tax
By 15th Sept: 45% of the Total Tax
By 15th Dec: 75% of the Total Tax
By 15th Mar: 100% of the Total Tax

Now let us understand the Process of Payment of Advance Tax Online

Step 1
Calculate the Advance Tax Liability that needs to be paid

Step 2
Type in the google “pay advance tax” and open the link described in the below image or click here to the payment link directly

Step 3
Select the Option “Income Tax & Corporate Tax (Challan 280)”

Step 4
Fill Up the Challan No./ITNS 280 as follows
Select Code 0021 in case it is – Individual/HUF/Partnerhsip Firm
Select Code 0020 in case it is Company
Here we are describing it for the Individual Person Advance Tax Payment

Then Select the code “100 Advance Tax”

Select the Bank for the Payment via Internet Banking
Enter the PAN – Double Ensure that it is entered correctly
Select the Assessment Year 2023-24 relevant for Financial Year 2022-23– Double ensure that the AY is selected correctly

Enter the Address
Enter the Captch and proceed

Cross check all the information in the next page loaded, and click on the button “Submit to the Bank”

Step 5
Now it will navigate to the Bank Page
We need to Login in the bank via internet banking and need to make the payment of tax as follows:-
Cross Check the PAN and AY 2023-24 at bank page
Enter the Amount of Advance Tax
Make Payment
After making payment of Advance Tax, One Challan will get generated, sample of the same is also attached here, Need to save that also for future records

Conclusion: While Making Payment of Advance Tax, Always Ensure Two points, 1. PAN is correctly mentioned and 2. AY 2023-24 is correctly mentioned.
Here we are talking for Advance Tax Payment for FY 2022-23

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