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What are the necessary precautions to take whil...

What are the necessary precautions to take while filing up the tax payment challan?

What are the necessary precautions to take while filing up the tax payment challan?

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Chiranjibi Jun. 27, 2018

While making payment of tax, apart from other things, one should clearly mention following :

  • Head of payment, i.e., Corporation Tax/Income-tax (other than companies)
  • Amount and mode of payment of tax
  •  Type of payment [i.e., Advance tax/Self assessment tax/Tax on regular assessment/Tax on Dividend/Tax on distributed Income to Unit holders/Surtax]
  •  Assessment year
  • The unique identification number called as PAN [Permanent Account Number] allotted by the IT Department.​


What are the necessary precautions to take while filing up the tax payment challan?