CHALLANS UNDER INCOME TAX ACT, 1961

[Mr. M. GOVINDARAJAN]

Challans

There are eight challans prescribed under the Income Tax Act, 1961 for payment of income tax at various heads.  They are-

• ITNS 280;
• ITNS 281;
• ITNS 282;
• ITNS 283;
• ITNS 284;
• ITNS 285;
• ITNS 286;
• ITNS 287.

ITNS 280

This challan is used for the payment of-

• Income Tax on Companies (Corporation Tax) – 0020;
• Income Tax (other than Companies) – 0021.

In this challan the above said categories can pay the following taxes-

• Advance Tax – 100;
• Self Assessment Tax – 300;
• Tax on Regular Assessment – 400;
• Surtax – 102;
• Tax on distributed profits of domestic companies – 106;
• Tax on distributed income of unit holders – 107.

ITNS 281

This challan is used for making payment by the person who deducted tax at source or tax collected at source.  There are two categories under this-

• Company deductees – 0020;
• Non company deductees – 0021.

The following are the types of payments-

• TDS/TCS Payable by Taxpayer (200)
• TDS/TCS Regular Assessment (Raised by income tax department) –(400)

The following are the codes allotted for various categories-

TDS

• Section 192 - Payment to Govt. Employees other than Union Government Employees – Code 92A;
• Section 192 - Payment of Employees other than Govt. Employees – Code 92B;
• Section 193 – Interest on securities – Code 193;
• Section 194 – Dividend – Code 194;
• Section 194A – Interest other than interest on securities – Code 94A;
• Section 194 B – Winnings from lotteries and crossword puzzles – Code 94B;
• Section 194 BB – Winning from horse – Code 4BB;
• Section 194C – Payment to contractors and sub contractors – Code – 94C;
• Section 194D – Insurance Commission – Code – 94D;
• Section 194E – Payment to non resident sportsmen/sports association – Code 94E;
• Section 194EE – Payments in respect of Deposits and National Savings Scheme – Code 4EE;
• Section 194F – Payments on account of Re-purchase of units by mutual funds or UTI – Code 94F;
• Section 194G – Commission, prize etc., on sale of lottery tickets – Code 94G;
• Section 194H – Commission on brokerage – Code 94H;
• Section 194 I – Rent – Code 94I;
• Section 194J – Fees for professional or technical services – Code 94J;
• Section 194K – Income payable to a resident assessee in respect of units of a specified mutual fund or of the units of UTI – Code 94K;
• Section 194LA – Payment of compensation on acquisition of certain immovable property – Code 94L;
• Section 195 – Other sums payable to a non resident – Code 195;
• Section 196A – Income in respect of units of non residents – Code 96A;
• Section 196B – Income in respect of units to an offshore fund – Code 96B;
• Section 196C – Income from foreign currency banks or shares of Indian company payable to nonresident – Code 96C;
• Section 196D – Income of foreign institutional investors from securities – Code 96D;

TCS

• Section 206C – Income from foreign currency bonds or shares of Indian company payable to nonresident – Code 6CA;
• Section 206 C -Collection at source from Timber obtained under Forest lease – Code 6CB;
• Section 206C - Collection at source from Timber obtained by any Mode other than a Forest Lease – Code 6CC;
• Section 206C -  Collection at source from any other Forest Produce (not being Tendu Leaves) – Code 6CD;
• Section 206C – Collection at source from scrap – Code 6CE;
• Section 206C – Collection at source from contractors or licencee or lease relating to parking lots – Code 6CE;
• Section 206C – Collection at source from contractors or licencee or lease relating to toll plaza – Code 6CF;
• Section 206C – Collection at source from contractors or licencee or lease relating to mine  or query – Code 6CH;
• Section 206C – Collection from Tendu Leaves – Code 6CI.

ITNS 282

This challan is used for making payment in respect of the following taxes-

• Securities Transaction Tax – 0034;
• Hotel Receipts Tax – 0023;
• Interest Tax – 0024;
• Expenditure/Other Tax – 0028;
• Estate Duty – 0031;
• Wealth Tax – 0032;
• Gift Tax – 0033.

The said tax may be paid as-

•  Advance tax – 100;
• Self assessment tax – 300;
• Tax on Regular Assessment – 400.

ITNS 283

This challan is used for making payment in respect of the following taxes-

• Banking Cash Transaction Tax – 0036;
• Fringe Benefit Tax – 0026.

The said tax may be paid as-

•  Advance tax – 100;
• Self assessment tax – 300;
• Tax on Regular Assessment – 400.

ITNS 284

This challan is used for making payment in respect of income tax under the ‘Undisclosed foreign income and assets and imposition of Tax Act, 2015 –

• Income Tax on companies – 0020;
• Income Tax (other than companies) – 0021.

The following are the types of payments to be made through this challan-

• Tax under the ‘Undisclosed foreign income and assets and imposition of Tax Act, 2015’ [for companies (0020)] – Code            109;
• Tax under the ‘Undisclosed foreign income and assets and imposition of Tax Act, 2015’ [for other than  companies (0021)] – Code     108;

ITNS 285

This challan is used for making payment in respect of ‘other taxes and duties on commodities and services (0045)’ – Equalization levy (119).

The following are the types of payments to be made through this challan-

• Equalization levy Payable by Taxpayer(deductor)
• Equalization levy payable as per processing (demand raised by Income Tax Department)
• Miscellaneous.

The term ‘deduction’ means a resident and carrying on business or profession or a non-resident having a permanent establishment in India, who is required to deduct the equalization levy from the amount paid or payable to a non-resident in respect of specified service (section 166 of the Chapter VIII of the Finance Act, 2016).

ITNS 286

This challan is used for making payment in respect of ‘OTHER TAXES ON INCOME AND EXPENDITURE (0028) - PAYMENT UNDER INCOME DECLARATION SCHEME, 2016 (111)’ for the assessment year 2017 – 18;

The following are the types of payments to be made through this challan-

• Payment made by Company;
• Payment made by person other than Company

ITNS 287

This challan is TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJNA, 2016 (PMGKY) CHALLAN - OTHER TAXES ON INCOME AND EXPENDITURE (0028) PAYMENT UNDER PMGKY ( 112 ) for the assessment year 2017 – 18.

The following are the types of payments to be made through this challan-

• Payment made by Company;
• Payment made by person other than Company.

Common instructions

• A separate challan is used for each type of payment.
• Quoting PAN/TAN is highly required.
• If false PAN/TAN is quoted a fine of ₹ 10000/- will be imposed under section 272B/272BB of the Income Tax Act, 1961.  In case of not having PAN apply for PAN and quote the date of application and acknowledgement number for ITNS 287.
• A challan should be used for the tax meant for the particular challan; other payments should not be made.
• The details of the assessee, such as-

• Full name;
• Complete Address with City and State;
• Telephone number.

• Details of payment-

• Income tax;
• Surcharge;
• Education cess;
• Interest;
• Penalty;
• Others;
• Total paid.

• Mode of payment – Cash/Cheque.
• If it is paid through Cheque the details of cheque such as cheque number, date, amount, name of the bank and branch.
• Taxpayer’s Counterfoil is also to be filled in.
• The bank, on payment of tax, will give the following-

• 7 Digit BSR Code of the bank branch;
• Date of deposit of challan;
• Challan serial number.

The above will have to be quoted in the return of income of the assessee.