Bank’s List for Challan Payments
Earlier challan payment process has a very simple process with single platform TIN-NSDL. But now taxpayer must know about the changes that have been made by government before making any direct tax challan payment.
In case of using following banks for payment of TDS/Non TDS/Other Challan must be done from Protean (Earlier NSDL) site https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp –
- Bank of Baroda
- HDFC Bank
- Punjab & Sind Bank
- State Bank of India
For payment of TDS/Non TDS/Other Challan from banks other than above, must be done from to ‘e-Pay Tax’ on https://www.incometax.gov.in/ to make direct tax payments (Banks previously available on OLTAS have been migrated to ‘e-Pay Tax’ facility of E-Filing portal).
To pay taxes from Income Tax Site, taxpayer can pay taxes either with PAN/TAN with Mobile OTP (no need to Login in IT Portal) or with User Id i.e. PAN/TAN & Password without mobile OTP (need to Register PAN/TAN & Login at IT Portal). Let us understand about each way one by one.
Required details to pay taxes from Income Tax Site – “e-Pay Tax” without making login to IT Portal using User Id & Password are as follows –
1. User ID – PAN/TAN
2. Password – PAN Login/TAN Login Password in IT Portal
3. Mobile No. – Enter Mobile Number for OTP verification (any mobile number)
Taxpayer can use this facility without any OTP after making Login in Income Tax Portal and pay taxes from “E-Pay Tax” Option under E filing tab.
Whether taxpayer opt for using PAN/TAN with OTP option or go for Login mode with User Id & Password, taxpayer have 5 modes i.e. Net Banking, Debit Card, Over the Counter, RTGS/NEFT & Payment Gateway with prescribed authorized banks under each mode available in Income Tax “e-Pay Tax”. In this article you can check authorized banks list available under each mode and any special fact if there in that mode.
1. Net Banking –
Taxpayer having bank account with following authorized banks can use this mode without any transaction charge/fee
- Canara Bank
- Indian Overseas Bank
- Kotak Mahindra Bank
- Bank of Maharashtra
- ICICI Bank
- Indian Bank
- Karur Vysya Bank
- Federal Bank
- Bank of India
- Central Bank of India
- Punjab National Bank
- Axis Bank
- Other Banks – City Union Banks Limited
- Other Banks – IDBI Bank
- Other Banks – IndusInd Bank
- Other Banks – Jammu And Kashmir Bank Limited
- Other Banks – Uco Bank
- Other Banks – Union Bank of India
2. Debit Card
Taxpayer having Debit card with following authorized banks (offering this mode) can use this mode without any transaction charge/fee –
1. Canara Bank
2. ICICI Bank
3. Indian Bank
4. Punjab National Bank
Note – Please select “Payment Gateway” mode for other bank’s Debit Card
3. Over the Counter (Pay at Bank Counter)
According to CBDT Notification 34/2008 this option cannot be used by taxpayer being a company or a person (other than a company)) falling u/s 44AB.
Payment through Cash, Cheque & Demand Draft except tax payment in cash more than Rs. 10000/- can be used without any transaction charge/fee at following authorized bank’s branch counter :-
1. Axis Bank
2. Bank of India
3. Bank of Maharashtra
4. Canara Bank
5. Central Bank of India
6. City Union Bank Limited
Note 1 – Signed Copy of Challan along with payment instrument should be presented at authorized bank’s counter.
Note 2 – Please select “NEFT/RTGS” mode in case of other banks.
4. NEFT/RTGS
Both Offline (at bank’s branch) & Online mode (at Bank’s Website) is available thorugh any bank having NEFT/RTGS Facility along with Bank Charges as prescribed by respective originator bank.
Taxpayer need to create Challan Form along with Mandate Form using this payment mode and then prints out of same should be used either at bank’s website or branch.
5. Payment Gateway
Wide range of payments options including net banking, Debit Card, Credit Card and UPI are available with 3 bank’s payment gateway Canara Bank, Federal Bank & Kotak Mahindra Bank. The selected payment gateway will redirect to its own page where taxpayer can select any option from available options there. Taxpayer can choose any payment gateway after due comparison between following Transaction Charges (* GST will be levied @18%) –
Payment Gateway Charges – Canara Bank
| Mode of Payment | Transaction Charges (INR) |
| Net Banking (Other Bank) | NIL |
| Debit Card (Other Bank) (Transaction value < 2,000) | 0.01% of the txn amount |
| Debit Card (Other Bank) (Transaction value >=2,000) | 0.01% of the txn amount |
| Credit Card (Canara Bank) | 0.47% of the txn amount |
| Credit Card (Other Bank) | 0.47% of the txn amount |
| Debit Card powered by RuPay | NIL |
| Unified Payments Interface (UPI) (BHIM-UPI) | NIL |
| Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code) | NIL |
Payment Gateway Charges – Federal Bank
| Mode of Payment | Transaction Charges (INR) |
| Net Banking | Convenience Fee HDFC Bank – INR 12 ICICI Bank – INR 9 SBI Bank – INR 7 Axis Bank – INR 7 Other Banks (incl. Federal Bank) – INR 5 Plus Applicable GST* |
| Debit Card (Other Bank) (Transaction value < 2,000) | NIL |
| Debit Card (Other Bank) (Transaction value >=2,000) | NIL |
| Credit Card (Federal Bank) | 0.85% + Applicable GST* |
| Credit Card (Other Bank) | 0.85% + Applicable GST* |
| Debit Card powered by RuPay | NIL |
| Unified Payments Interface (UPI) (BHIM-UPI) | NIL |
| Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM-UPI QR Code) | NIL |
Payment Gateway Charges – Kotak Mahindra Bank Limited
| Mode of Payment | Transaction Charges (INR) |
| Net Banking – Axis/HDFC/ICICI/Kotak/SBI | Flat ₹ 7/- + Applicable GST * |
| Net Banking (Other Bank) | Flat ₹ 5/- + Applicable GST * |
| Debit Cards (Visa / MasterCard) – Upto Rs 2000 | NIL |
| Debit Cards (Visa / MasterCard) – Above Rs 2000 | NIL |
| Debit Cards (RuPay) / UPI / UPI QR | NIL |
| Credit Cards (Master/Visa/RuPay) | 0.80% + Applicable GST * |
| Credit Cards (International) | 2.75% + Applicable GST * |
Conclusion
Indian Government is in form to reform each & every section of direct taxes, whether it is Income Tax E Filing Portal or Direct Tax Challan Payment. We are here with one of all streamline to be helpful for a taxpayer.
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Disclaimer: The above comments do not constitute professional advice. If you are facing any difficulties in any case, please feel free to contact us at companyfinancialtree@gmail.com or visit our website www.financialtreecompany.com. FINANCIAL TREE COMPANY (An online return filing and Tax Consultancy Company). We also upload educational videos in You tube and name of our channel is FINANCIAL TREE COMPANY. Our aim is to help people in improving their financial health by spreading knowledge and love. Stay Financially Fit and Healthy.
Author Bio
Sir, We have paid TDS amount through Internet Banking of our SBI account under ‘e-Pay Tax’ facility of E-Filing portal by using of TAN and OTP. After completion of payment procedure the tax challan was not generated as per old procedure i.e., CIN No., BSR Code, Nature of Payment details are not shown in tax receipt. Please tell us the correct procedure to download of challan.