When filing your Income Tax Return, it’s important to report the taxes you’ve already paid. This includes the TDS deducted by your employer, any advance tax you’ve paid, or any self-assessment tax.
These details helps the Income Tax Department verify that you don’t overpay or underpay your taxes. Also, it helps avoid mistakes in your return filing, which might otherwise lead to penalties or delays in processing your refund.
Where to find these details?
Follow these steps to retrieve all the tax payment information:
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Log in to Income Tax Portal
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Navigate to e-File > E-Pay Tax
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Click on Payment History and under the ‘Actions tab’ View Details
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Review your Challan Receipt
Once your Challan Receipt is displayed, take a moment to carefully review the following important details related to your tax payment:
- BSR Code: The code that identifies the bank where your payment was processed.
- Challan Number: A unique reference number for your payment.
- Amount: The exact amount you paid.
- Tender Date: The date on which the payment was made.
Make sure to note these details, as you will need to report them when filing your ITR.