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OLTAS Challan – TDS Challan Status

What is OLTAS and Why was it Introduced?

The full form of OLTAS is the Online Tax Accounting System. It is a tax system specifically used in the accumulation of direct taxes from applicable organizations, companies, or individuals. In addition, it is the strategy of the Income Tax Department to get details and maintain a record of all the tax that has been paid through banks while uploading the details of the TDS challan online. OLTAS was established in June 2004 with the below-given goals:

  • Accounting of online direct taxes
  • Accumulation of online direct taxes
  • Receipts of online direct taxes and reporting of payments as well

All of these goals are undertaken through their particular network of branches and banks.

Features of OLTAS

Have a look at the basic features of OLTAS which are as follows:

Introduction of a single copy of OLTAS challan with tear-off counterfoil of taxpayer

According to OLTAS, the taxpayer should use a common and single challan for the following:

  • Challan No. ITNS 281 – for the deposit of TDS and TCS.
  • Challan No. ITNS 280 – for regular income tax and corporate taxes.
  • Challan No. ITNS 285 – for doing the payment of equalization levy.
  • Challan No. ITNS 282 – for the payment of direct taxes such as hotel receipts tax, gift tax, expenditure tax, wealth tax, securities transactions tax, and estate duty.
  • Challan No. ITNS 287 – for doing payment as per the Pradhan Mantri Garib Kalyan Yojana 2016 (PMGKY).
  • Challan No. ITNS 286 – for doing payment below Income Declaration Scheme, 2016.
  • Challan No. ITNS 283 – for doing payment of Banking Cash Transaction Tax and Fringe 

Benefits of Tax Challan

  • The unique serial number and acknowledgement are called Challan Identification Number (CIN).
  • Normally, there is a tear-off portion in the challan that is provided to the taxpayer right after a rubber stamp is placed on the challan and with a unique Challan Identification Number (CIN) on its counterfoil by the collecting bank. CIN contains the following details which are as follows:
  1. It includes the date of presentation of the challan (DD/MM/YY).
  2. It contains a 7-digit BSR Code assigned by RBI to the branch of the bank where tax is deposited.
  3. It involves a 5-digit serial number of Challan in the same bank branch on that day.

 A tear-off portion of counterfoil is given immediately to the taxpayer after the realization of demand draft or cheque when it comes to payments by DD/cheque and in case of cash payment. In addition, a challan is generated instantly after the processing of the payment in case of online payment. 

  • Pay taxes online through net banking or by visiting any authorized bank branches or with the use of a debit card.
  • The bank that is accumulating will grab the whole details of the challan and transfer it to the Income-tax Department electronically. Then, the bank will send the printed scrolls and paper copies of the challan to the Zonal Accounts Officers. The Department then uses the information received to offer credit for the tax paid as per CIN.

OLTAS Challan Payment Online

One can make an online tax payment by visiting the OLTAS portal with the help of the following steps which is given below:

Step 1: Go to the official website

Step 2: You have to choose the ‘e-payment: Pay Taxes Online’ option from the drop-down box below the button ‘Services’ of the top menu.

Step 3: When you click on this option, the payment portal will open where you have to select the relevant Challan number for your payment. 

Step 4: Choose the major head code below the ‘Taxes applicable’ head.

Step 5: Fill in the PAN and the Assessment Year in the prescribed fields on the form.

Step 6: The screen will display the data related to the PAN given by you.

Step 7: Enter your contact details like registered address, mobile number, and email ID in the designated fields on the online form.

Step 8: Choose the appropriate minor head code under the sub-head ‘Type of Payment’.

Step 9: Choose your preferred payment mode from ‘Debit Card’ and ‘Net Banking’ and select your bank name from the drop-down box.

Step 10: Fill in the Captcha code and hit the button ‘Proceed’.

Step 11: The details with respect to the PAN will be shown on the confirmation screen after the submission of the form. You have to verify the details and hit on the ‘Submit’ button.

Step 12: Then you will be taken to the portal of the bank payment where you have to make your payment. 

OLTAS Challan Enquiry

The TIN (Tax Information Network) helps the taxpayers by offering them a provision through which they can inquire about the OLTAS challan status. You can complete the procedure online. This provision makes sure that every tax payment is merged under the taxpayer’s name and can even be used by banks collecting tax to inquire about the TDS challan status that they uploaded. Have a look at the following search tools that help the taxpayers to check the status of their OLTAS challan.

TAN-Based View: If the taxpayer gives the date range and the TAN by which the bank provided the challan, then he or she can access the following data:

  • The minor head code
  • The major head code and a description
  • The CIN (Challan Identification Number)
  • Information about how the payment was made

Nodal branches, as well as the tax collecting branches, can even check the challan status that has been deposited in banks through the following process:

Tax Collecting Bank Branches: The bank branches that collect tax can see the following details by giving the branch scroll date and the major head code as well:

  • The entire amount
  • The whole amount of challans for every major head code
  • The tendered challan date
  • The serial number of the challan
  • The challan date received by TIN
  • The name of the taxpayer
  • The PAN and TAN of the taxpayer

Branches of Nodal Banks: The branches of Nodal banks can have access to the following data with the use of the nodal scroll date and the major head code description:

  • The scroll date
  • The scroll number of the nodal branch
  • The whole tax amount
  • The number of challans deposited
  • The number of bank branches
  • The major head code and the description

With the use of every Nodal Branch Scroll Number, the following information can be seen:

  • The branch’s scroll date
  • The BSR Code of the bank
  • The scroll date of the branch
  • The scroll number of the bank branch
  • The challan date received by TIN
  • The total number of challans
  • The entire tax amount

CIN-Based View: When the taxpayer fills in the tax amount and the CIN, he or she will receive access to the below-mentioned information:

  • The name of the taxpayer
  • The PAN and TAN of the taxpayer
  • The BSR Code of the bank
  • The serial number of the challan
  • The date of the deposit on which it is made
  • The challan date that is received by TIN
  • The major head code with a description

Also, after entering the tax amount, the taxpayer can check if the accurate amount has been entered along with the confirmation of said amount.