Which ITNS (Income Tax New Series) challan is used by Indian taxpayers to deposit the tax collected at source?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e.ITNS 281.
- The Challan Number ITNS 281 is utilised for the deposit of either Tax Collected at Source (TCS) or Tax Deducted at Source (TDS).
Different Types of ITNS Challan:
- ITNS 280 Challan: Individuals, businesses, and other groups use the ITNS 280 challan to pay their income tax.
- ITNS 282 Challan: You can pay the Securities Transaction Tax (STT), Estate Duty, Wealth Tax, and other direct taxes with the ITNS 282 Challan.
- ITNS 283 Challan: You can use the ITNS 283 Challan to pay Other Taxes, Fringe Benefits Tax (FBT), and Banking Cash Transaction Tax (BCTT).
- ITNS 284 Challan: To pay the Equalisation Levy, you use the ITNS 284 Challan.