As a responsible taxpayer, e- tax payment can be made online to ensure timely and hassle free payments. But , I have been hearing multiple instances where the taxpayer is puzzled and finds himself in a difficult spot when they cannot find their bank available on the Income tax portal for making the e-payment.
Well there is a reason for this , as the Income tax portal allows only a selected banks who fits into their eligibility criteria to be listed on their portal , the same is updated on a timely basis for any additions/removals.
To remove confusions and questions about which banks are empanelled or authorised with the Income tax portal for paying e-taxes , I’m here with an updated list until November 2024.
Adding further , this article might also share a glimpse on step by step guide for online payment and check points for making online e tax payments
1. Axis Bank
2. Bandhan Bank
3. Bank of Baroda
4. Bank of India Migrated
5. Bank of Maharashtra Migrated
6. Canara Bank Migrated Bank
7. Central Bank of India Migrated Bank
8. City Union Bank New Bank
9. DCB Bank
10. Federal Bank
11. HDFC Bank Migrated Bank
12. ICICI Bank Migrated Bank
13. IDBI Bank Migrated Bank
14. Indian Bank Migrated Bank
15. Indian Overseas Bank
16. IndusInd Bank
17. Jammu & Kashmir Bank
18. Karur Vysya Bank
19. Kotak Mahindra Bank
20. Karnataka Bank
21. Punjab National Bank
22. Punjab & Sind Bank
23. RBL Bank
24. State Bank of India
25. South Indian bank
26. UCO Bank
27. Union Bank
28. Dhanlaxmi Bank
29. IDFC First Bank
How to Pay Income Tax Online: A Step-by-Step Guide
Paying taxes online is a simple and efficient process. You can either log in to the Income Tax e-Filing Portal or pay without logging in. Here’s a clear, step-by-step guide to help you navigate both methods.
Option 1: Pay After Logging into the Income tax e-Filing Portal
Login to the Portal: Visit Income Tax e-Filing Portal and log in with your PAN and password.
Select e-Pay Tax: In the “e-File” menu, click on the “e-Pay Tax” tab.
Initiate Payment: Choose the “New payment” option and click “Proceed” under the relevant tax payment tile (e.g., Self-Assessment Tax, Advance Tax, etc.).
Enter Tax Details: Select the assessment year, payment type, and the tax amount to be paid.
Choose Payment Mode: On the payment mode page, select “Net Banking” and choose your preferred bank.
Verify & Pay: Review all payment details, accept terms and conditions, and click on “Pay Now”.
Download Challan: After successful payment, download the challan for your records.
Option 2: Pay Without Logging into the Income tax e-Filing Portal
1. Visit the e-Pay Tax Page: Go to the e-Filing Portal and click on the “e-Pay Tax” option.
2. Enter Details: Provide your PAN number and mobile number to receive a 6-digit OTP.
3. OTP Verification: Enter the OTP and verify your details, including PAN/TAN and masked name.
4. Select Tax Category: it’s the most important step , as we choose the appropriate tax payment category and fill in the assessment year.
5. Enter Tax Amount: Enter the total tax amount and click “Continue”.
6 Choose Payment Mode: Select “Net Banking” and choose your bank from the list of authorized banks.
7. Verify & Pay: Confirm the details on the preview page, click “Pay Now”, accept the terms and conditions, and submit to the bank.
8. Download Challan: After payment, download the challan for your reference.
Checklist for tax payment
- Ensure you have you PAN/TAN number ready
- Registered mobile number
- Ensure you select the correct assessment year and tax type.
- Cross-check your details before making the payment.
- Always keep a copy of the challan for future reference.
By following these easy steps, you can make your income tax payment seamlessly online.
I hope this article can be a ready reckoner for all of the readers, tax payers to plan their payment hassle free..
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