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What is the most common way to max tax payments? Identify this term and explain the process and what it entails.

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Answer:

The taxpayer can deposit income tax offline at designated branches of banks by filling up Challan 280 or online through Income tax department e-Filing website. Challan No. ITNS 280 is used for payment of income tax. Remember that you can submit your ITR only after you pay income tax that is due.

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