Challans | Meaning and Definition

Challan meaning in English: A challan is a piece of paper That acts as a way of crediting the money from one account to another, often used when paying taxes or fines. It usually has both parties’ names and bank information printed on it and the date on which the transfer took place.

A challan can also be used in some legal systems. In India, for example, traffic violations are typically punished with a challan, which is a document charging the offender with the offense and listing the amount of the fine. Similar documents are also used in other legal contexts, such as when probates are issued in countries like England and Wales.

How does e-treasury challan work?

Treasury e challan is an online system for issuing and paying traffic fines. It allows citizens to pay their challans (traffic tickets) anytime, anywhere using the internet. The system is convenient and easy to use as a deposit challan, and it helps reduce the hassle of going to a physical court to pay a fine. 

When citizens receive a traffic challan, they can log onto the e-challan website and enter their challan number. This will pull up the Challan Details page, which shows the amount due, the deadline for payment, and other information. The citizen can then choose to pay by credit/debit card or net banking. 

Benefits of Challan

There are many benefits of challan. Some of the key benefits include: 

  1. Challan helps in cash flow management as it helps in tracking expenses and receivables.
  2. It also acts as a catalyst for better cash management and better control over finances.
  3.  By issuing challans, businesses can keep a tab on their inventory and track their business performance.
  4. Issuing challans is also helpful in reducing tax evasion by businesses and individuals.