This excel Challan 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income tax other than companies.
Please note that Finance Act, 2013 w.e.f. 01/06/2013, had inserted Clause (aa) of Explanation to sub-section (9) of the section 139 providing that a return of income shall be regarded as defective unless the self-assessment tax together with interest, if any, payable in accordance with the provisions of section 140A, has been paid on or before the date of furnishing of return.
However, the Finance Bill 2016 has omitted the said clause (aa). The amendment will take effect from 1st day of April, 2017 and will, accordingly apply in relation to assessment year 2017-2018 and subsequent years.
A separate challan is required for each type of payment by placing a tick mark at the appropriate box in the challan.
You are required to fill PAN, Assessment Year, Amount, Cheques details (other than cash) etc.
After the challan 280 is paid to the bank, make sure that the counterfoil contains seven digit BSR Code of the bank branch, date of deposit and five digit challan serial number.
Sum feature of this Excel utility Are :-
1) This Excel Utility have tow pages (i) Details of your Pan information & Tax Due Amount with the Financial Year (ii) Another is the main form Challan ITNS 280 which will prepared automatically after filling the details of your Pan and others as pick up from the 1st page.
2) No need to write manually in this Challan Form 280 for Self / Advance Tax Payment through any Bank
3) Automatic convert the Amount to the In Words in the separate Box.