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E-Payment of Income tax in India: Frequently asked questions

May 18th, 2008 Comments off

1) Can I make a payment for my client and then collect the money back from him?

See the Challan report. It prints out the details of the PAN holder along with the bank account number from which the payment was made. I think you can make payments for third party, but keep your books clean.

2) Whether it is mandatory to pay tax online?
It is mandatory for the following types of assesses to pay tax online with effect from April 1,2008.
a) All the corporate assesses.
b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.
3) How can I know that I have completed tax payment ?
A challan identification number ( CIN) given to you. Keep it. You can verify your o bank statement and make sure that the tax has been paid.
4) What I should do when I file the income tax return.? I have paid the tax by online payment.
You can quote the CIN (challan identification number) in your income tax return.
5) I encounter several problems while making online payment. What I should do?
Problems can occurr at NSDL website ( during challan preparation)or at the bank’s site (during actual payment). In the first case, you can call TIN Call Center at 022-24994650 or send an email to tininfo@nsdl.co.in . The subject of the email must be “e-payment”. If you encounter any problem while making payment at the banks internet site, you must contact the respective bank.

6) Whom should I contact if the counterfoil containing the CIN is not displayed on completion of the transaction?
You should contact your bank.
7) If I have misplaced my counterfoil who do I contact?

You should contact your bank.

8 ) How secure is the transmission of data to the website for e- payment?
All transmission through NSDL-TIN website is encrypted and is with Secure Socket Layer (SSL) authentication. With respect to the banks, it depends on the security measures provided by the bank for net-banking.

9) How do I contact bank ?
This file lists the address and phone number of the bank official to contact. Note that details about some banks are missing.

10) How do I check challan status?

You must be able to check it at https://tin.tin.nsdl.com/oltas/index.html. However I could not check it as the site says no records found. May be I have to wait for a week to get it. 🙂

Categories: Finance Tags: , , ,

Electronic payment of Income tax in India : A pemier

May 16th, 2008 6 comments

Government of India has recently started an e payment service for paying several taxes over internet. At present the following taxes can be paid over internet. This document will give you the step by step procedure for making tax payment.

What you can pay
1) Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporates through CHALLAN NO./ITNS 281
2) Payment of Income tax & Corporation Tax CHALLAN NO./ITNS 280
3)Payment of Security Transaction Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax /Other direct taxes & Gift tax through CHALLAN NO./ITNS 282
4) Payment of Banking Cash Transaction Tax and Fringe Benefits Tax Through CHALLAN NO./ITNS 283
This document will provide a hands on introduction to the epayment system.

Pre-Requisites
1) For payment of tax over internet you need an net banking enabled account with any of the following banks.

# Axis Bank
# State Bank of India
# Punjab National Bank
# Indian Overseas Bank
# Canara Bank
# Indian Bank
# Bank of India
# Corporation Bank
# State Bank of Bikaner & Jaipur
# State Bank of Travancore
# State Bank of Indore
# Vijaya Bank
# HDFC Bank
# Oriental Bank of Commerce
# State Bank of Patiala
# Bank of Baroda
# IDBI Bank
# State Bank of Mysore
# Bank of Maharashtra
# State Bank of Hyderabad
# State Bank of Saurashtra
# Union Bank of India
# Allahabad Bank
# Dena Bank
# Syndicate Bank
# ICICI Bank
# United Bank of India
# UCO Bank
# Central Bank of India

2) A PC with broadband internet. Never try to pay the tax from internet Cafes. Most of these places are loaded with key loggers, virus etc. (I always do my financial transactions on internet from linux)

3) A printer. You have to take printout of the receipt and present it along with returns.

Preparing the Challan

Now open the site https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp You will get the following screen ( if you want to see full screen images of screens shots used in this tutorial double click on the relevant image).
Income tax epayment site

Depending on the type of tax you have to pay select the relevant challan from the web page. For this tutorial I am going to pay RS 1 to the goverment as Income tax. Income tax payments are done through Challan ITNS 280. The screenshot of the online Challan ITNS 280 is below
EPAYMENT CHALLAN

The following instructions are given on the challan itself
1 Enter valid 10-digit Permanent Account Number (PAN) first.
2 Fields marked with * are mandatory.
3 Provision to enter tax amount is given in the Bank’s site.
4 Do not enter double quotes (“”) in any of the fields.

The PAN (permanent Account Number) number is a unique 10 digit number assigned to each income tax payee in India. The rest of the tax payment procedure will work only if you enter a valid PAN number. Also note that no amount is entered in the challan. You will be prompted for the amount at your banks internet site. Finally, note the last instruction. You should not enter double quotes in any of the fields.
Now start filling the form. Most of the fields are self explanatory. As soon as you enter PAN number , Income tax department;s server will be contacted and only if the PAN is correct the Bank name drop down box will be populated. Please note that if you are paying for the current financial year ( 2008-09), the assessment year will be next financial year ( 2009-10). You can also pay tax for other assessment years. Now submit the form. It will return the following page if everything is correct.

EPAYMENT CHALLAN

(I have blanked my personal particulars,like PAN etc). Note the red line. It is asking you whether the name is correct. If you are sure about the name , you can submit the challan to the bank for payment.
For ICICI bank I got the following screen. ( Other banks may have different login screens).

Income tax epayment site

Since I am not a corporate customer, I clicked on retail login. (This step may be different for another bank). This will lead you to this page.

Income tax epayment site epayment of tax challan icici bank

Type in your user name and password and then click payment login.

I got the following screen with all the details filled in.(Here again Personal details blanked.)

Income tax epayment site epayment of tax challan icici bank

You can fill in the amount you want to pay here.Note that you can pay tax, cess,surcharge ,penalty etc. Click on calculate total. Finally, submit the form. I got this screen asking for internet banking transaction password. ( If you have an account with any of the above bank, you can ask them to issue an internet transaction password.)

Income tax epayment site epayment of tax challan icici bank Epayment internet transaction password screen

Enter the password and click pay. I got the following screen.

Income tax epayment site epayment of tax challan icici bank Epayment internet transaction password screen

Here ICICI bank is confirming your identity. It is asking for 3 numbers on the debit card issued against your account. Get hold of your card and punch in the numbers. Then click pay. I got this screen with transaction id.

Income tax epayment site epayment of tax challan icici bank Epayment internet transaction password screen  internet transaction password confirmation screen

Note down the id. Then click on proceed button to generate report. I got this screen.

Income tax epayment site epayment of tax challan icici bank Epayment internet transaction password screen epayment report

Here is rest of the screen.

Income tax epayment site epayment of tax challan icici bank Epayment internet transaction password screen epayment report

There are 2 options on this screen. You can save or make a print out. If you click on save a file named DirectTaxPaymentChallanReport.htm will be generated. . Rename the file immediately,if you are planning to make payments frequently. Now that the tax payment is done, you are at a dead end. There is no close button on the screen. You may close the browser manually.

Categories: Finance Tags: , , , , , ,

Faded Dream : A poem by OM VU2JN

May 15th, 2008 5 comments

This evening I had an eyeball with OM VU2JN, Prof. R Jayaraman. He has given me several of his articles published in 1970s and kindly permitted me to put them on Internet. Among them, this unpublished poem on ham radio attracted me the most.

Faded Dream a Poem by VU2JN
The photograph shows VU2JN along with his son Ram. VU2JN can be contacted at vu2jn at yahoo dot com.

Categories: Ham Radio Tags:

Building stable variable freqency oscillators- Some considerations.

May 14th, 2008 Comments off

A stable variable frequency oscillator is the heart of any home brewed ham radio gear. This article will describe various aspects of choosing circuits , components and construction

Choosing a VFO circuit.
Variable Frequency Oscillators (VFO) are used is almost all ham gear.A stable and reliable VFO is the dream of any homebrewer Any circuit that provides stable oscillations can be used as a VFO.There are several circuits available on the internet. Some of the popular ones are Heartly , Colpits Vacker etc. Each amateur has his on preference regarding the circuit combination.

Choosing components.
VFOs can be built around transistors or FETs. I use BFW10 fet or 2n2222/BC107 depending on availability in my junk box.Any other equivalent transistor can be used. Make sure that Ft(unity gain bandwidth) of the transistor is at least five times your operating frequency. The transistor must have sufficient gain(hfe). The other important components are resistors and capacitors. You can use quarter watt carbon film resistors(with 5% tolerance)). As to capacitors, styroflex capacitors are preferred. However the availability of styroflex capacitors may be a problem for most of the homebrewers. NP0 ceramic disk capacitors can be used instead. You can rescue NP0 capacitors form old cordless phones or TV sets. The tank circuit consists of an inductor and an variable capacitor. You can wind your own air core inductor.This can be done on any former. I have wound coils on tap washers , pill bottles ,PVC pipes etc. Use your ingenuity in finding a suitable former. The gauge of the wire is not much important. I generally use what is available in my junk box. Air dielectric metal gang condensers are preferred for variable capacitors. Availability may be a problem in this case also.(Look out of old valve radios). Polyvaricon capacitors used in cheap radios can be substituted instead.
Building VFO
You can use a PCB if it is readily available. Otherwise ugly or Manhattan style construction can be utilized. Double side pcbs are not preferred and it can provide unwanted stray capacitance. If you are designing your own PCB avoid using long PCB traces as this can add unwanted inductance. It is suggested that the VFO supply voltage is kept low from the supply voltage of succeeding stages. This will provide stability. Use a Zener diode to regulate power to the oscillator stage. Always use decoupling capacitors.near the Zener.Finally , keep the VFO in a suitable metallic enclosure. This will prevent unwanted RF leakage.
VFO drift.
VFO drift means small change frequency from the present value. Two kinds of drift is noticed in VFOs. a) Short term drift and b) long term drift. Short term drift is heating up of semiconductor junctions and other components due to RF currents.Long term drift is caused by a variety of reasons such as humidity,ambient temperature etc.
Short term drift is predominant in the first few minutes of VFO operation. It is suggested that if possible keep the VFO powered even standby periods.Chose high quality components such as NP0 capacitors. Avoid magnetic material as core of the tank coil. Trimmers should me air core if possible. Cheap mica trimmers should be avoided.

Categories: Ham Radio Tags:

How do they recruit teachers in Kerala

May 11th, 2008 4 comments

Today’s Hindu has an advertisement by Kerala public service commission for recruitment of High school teachers. The notification is available online at the commission’s website here

Here is the method of appointment” Recruitment by transfer from among the employees who have completed the 5 years of prescribed service and are working as  Clerk/ Typist/Attender/ Peon in Education Department.”

This is pretty ridiculous. If you join the education department as a Peon and some how attain a degree, you will become a teacher in 5 years.. I have seen this kind of academic degradation in Kerala’s polytechnic colleges.
For example, an 18 year old guy( somehow he passed the high school) is recruited as a watcher or gardener in a polytechnic . He will join a part time ITI ( certificate) course and complete it in 3 to five years depending on his intellectual capacity. The pubic service commission will appoint him a tradesman after some 5 years of glorious service( Here again a notification will come which will select from among peons or gardeners only). Then he will try to get a Diploma in engineering( may be by correspondence or from Tamilnadu). If he gets his Diploma in another five years, he becomes an assistant lecturer( again recruitment among peons/tradesman etc). Then he joins a part time BTech course. Another 5 years he will become a lecturer ( again closed recruitment among assistant lecturers). This process goes on and by the time he retires at the age of 55 , our poor gardener will be heading a teaching deparment. I can point out several such cases.
I am not against people building their careers. But here , a certain percentage of posts are reserved for such people and they need not compete with other outstanding guys outside education department. They become teachers by virtue of being a peon or an attender in a school.
I pity the future generation. May be I will have to teach them multiplication table when they reach our college.
Finally, please take a close look at the notification shown above. The public service commission has floated a short “tender ” for recruitment of teachers. I thought tenders and quotations are for purchase of materials by Government departments . My guess is that the under secretary who drafted the above tender might have been selected from among gardeners peons etc. 😀