The Income Tax Department has updated the list of banks available for tax payments through e-pay tax service at the e-filing portal. As per the updated list available, there are now 30 banks enabled, including both newly onboarded and migrated banks, to facilitate tax payments.
Which are the new additions to the list?
Bandhan Bank, Citi 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 are the newly added banks to the list. Apart from these 13 banks, there are other 17 banks, migrated ones, allowed to accept tax via e-pay tax service.
With the Income Tax Department enabling more banks to facilitate tax payments, taxpayers can pay their regular income tax, advance tax and discharge their other tax obligations at the e-pay tax service via online payment modes of these banks.
What is e-filing of taxes?
E-filing means completing all the processes for tax return submission digitally. To e-file tax return, a taxpayer needs to have PAN-based login credentials to begin with.
Taxpayers have a wide range of payment modes including net banking, debit/credit cards, UPI and pay at bank counter, for tax payments.
Here is the entire list of 30 banks available at e-filing portal for tax payments:
Steps to file income tax return (ITR) online:
Step 1:
Log in to visit the official income tax e-filing website and click on ‘Login’.
-Enter your PAN in the User ID section.
-Click on ‘Continue’ and enter your password.
-Click on ‘Continue’ to log in.
Step 2:
-Go To ‘File Income Tax Return’
-Click on the ‘e-File’ tab > ‘Income Tax Returns’ > ‘File Income Tax Return’.
Step 3:
-Select the Right ‘Assessment Year’
-Select ‘Assessment Year’ as ‘AY 2024-25’ if you file for FY 2023-24. Use the mode of filing as ‘Online’. Select the filing type as either original return or revised return.
Step 4:
-Select the Status
-Select your applicable filing status: Individual,
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