New Banks Enabled for Online Tax Payments via E-Pay Tax Service

The Income Tax Department has updated the list of banks available for tax payments through the e-Pay Tax service on the e-filing portal. As per the latest update, 30 banks are now enabled, including both newly added and migrated banks.

New Banks Added

The latest additions include Bandhan Bank, City Union Bank, DCB Bank, Federal Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Karnataka Bank, RBL Bank, South Indian Bank, Dhanlaxmi Bank, IDFC First Bank, and Tamilnad Mercantile Bank Ltd. These banks have been integrated to facilitate seamless tax payments for users.

Apart from these 13 banks, 17 other banks have been migrated to continue offering tax payment services through the e-Pay Tax service.

Modes of Tax Payment Available

Taxpayers can make payments using multiple online and offline modes, including:

• Net Banking
• Debit/Credit Cards
• UPI
• Over-the-counter payments at designated bank branches

This update provides users with more banking options for paying their income tax, advance tax, and other tax-related obligations directly through the e-filing portal.

Steps to File Income Tax Return (ITR) Online

1. Log in to the official e-filing portal using PAN-based credentials.
2. Go to ‘File Income Tax Return’ under the e-File tab.
3. Select the assessment year, typically AY 2024-25 for FY 2023-24.
4. Choose the filing status (Individual, HUF, or Others).
5. Select the appropriate ITR form based on income sources.
6. Provide the reason for filing (e.g., taxable income above exemption limit).
7. Verify pre-filled details such as income, deductions, and bank details.
8. Submit and verify the return within 30 days using Aadhaar OTP, EVC, net banking, or by sending a physical copy to CPC, Bengaluru.

Conclusion

With 30 banks now available under the e-Pay Tax service, taxpayers have more flexibility in choosing their preferred bank for online tax payments. The update helps with wider accessibility and multiple payment options for those filing their taxes online.

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