The four forms, in order
| Step | What it is | When |
|---|---|---|
| Form 1 | Your declaration, filed online with documents and any valuation report | By 31 December 2026 |
| Form 2 | The department's order with the amount you must pay | Within a month from the end of the month you filed |
| Payment | One challan, ITNS 289, for the full amount in Form 2 | Within two months from the end of the month you receive Form 2 |
| Form 3 | Your intimation of payment, with proof | Within the payment window |
| Form 4 | The department's certificate of what you paid | Within a month from the end of the month it gets Form 3 |
Paying late
If you can't pay within the two months, you get up to two more months, with simple interest of 1% a month or part of a month. After that outer limit, four months from the end of the month you received Form 2, the declaration becomes void and you lose its protection.
Worked example
Say you file Form 1 on 20 November 2026 and Form 2 reaches you on 15 December 2026:
- Pay without interest by 28 February 2027 (two months from the end of December).
- Pay with 1% a month interest until 30 April 2027 at the latest.
- File Form 3 with the challan receipt inside that window.
How to pay with ITNS 289
- Logged in: e-File, then e-Pay Tax, then Income Tax Act 1961, then New Payment, then FAST-DS 2026 (ITNS 289).
- Without logging in: e-Pay Tax on the portal's home page, enter your PAN and mobile number, verify the OTP, then pick FAST-DS 2026 (ITNS 289).
- The assessment year is filled in as 2026-27 and can't be changed.
- Pay the whole Form 2 amount in one challan. Individuals use minor head 116 (non-company PAN).
Check the minor head before you pay: a payment made under the wrong one can't be corrected or refunded.
What you'll pay
- Category 2 (assets already taxed, or bought while you were a non-resident, but not shown in your return; up to ₹5 crore): a flat ₹1,00,000.
- Category 1 (assets or income never taxed; up to ₹1 crore): 30% tax plus an equal amount, 60% of the value in all.
Common questions
How long do I have to pay after Form 2?
Two months from the end of the month you receive Form 2. After that you can pay for up to two more months with 1% a month interest.
Which challan is used for FAST-DS?
ITNS 289, for the full amount in Form 2. Individuals use minor head 116.
What happens if I don't pay in time?
After the outer limit, four months from the end of the month you received Form 2, the declaration becomes void.
Can I get a FAST-DS payment refunded?
No. A payment under the wrong minor head can't be corrected or refunded either.
Two ways to sort this
Do it yourself
- Watch for Form 2 in your e-filing account after you file Form 1.
- Note the date it arrived: you have two months from the end of that month to pay.
- Pay the full amount with challan ITNS 289, under minor head 116.
- File Form 3 with the challan receipt, then keep the Form 4 certificate.
Let an expert do it
An expert can check your Form 2 amount and file Form 3 for you.
The first chat is freeDeclaring RSUs? See how they're taxed from next year on.
Open the RSU tax calculatorSources
- Foreign Assets of Small Taxpayers Disclosure Scheme, 2026: forms and payment, Income Tax Department e-filing portal
- Paying under FAST-DS 2026 (challan ITNS 289): FAQs, Income Tax Department e-filing portal
- FAST-DS 2026: frequently asked questions (13 August 2026), Income Tax Department
This guide explains the rules in general. For your own situation, .