Step-by-Step Guide on How to Pay Income Tax via E-Pay Tax Option

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In recent years, the Income Tax Directorate has taken a number of steps to simplify the procedure for filing the income tax return (ITR). Follow this article to learn more.








Currently, only a limited number of authorized banks including Federal Bank, Bank of India and Kotak Mahindra Bank are available for electronic tax payment.





Electronic Tax Payment functionality has been enabled on the Taxpayer Electronic Income Tax Filing Portal. Debit/credit cards, bank payment machines, online banking, UPI and RTGS/NEFT are all options for paying income tax.












Currently, only a limited number of authorized banks including Federal Bank, Bank of India and Kotak Mahindra Bank are available for e-payment tax. It should be noted that the option to pay taxes through apps such as GPay and Amazon is only available through the Kotak Mahindra Bank payment gateway. In recent years, the Income Tax Directorate has taken a number of steps to simplify the procedure for filing the income tax return (ITR).

Here are the processes for using the electronic tax payment option on the electronic income tax filing portal to pay withholding tax using different payment methods:

  • Open the electronic income tax filing portal and enter your password to access it.

  • Click on the “New payment” option under the “e-pay tax” option after choosing it from the “e-file” menu.

  • Then select the “Continue” link.

  • Select the tax year (AY 2023–24) and the tax payment you need to make (Tax Advance). then select “continue”.

  • Provide the tax breakdown you need to pay, i.e. surcharge, tax, etc., and click “Continue”.

  • A total of five options, including debit cards, online banking, RTGS/NEFT, bank payment machines and payment gateways, would be presented for paying taxes. Now select your preferred option.












Net Banking:

  • To pay taxes with net banking, choose one of the approved banks and click “continue”.

  • After that, if the preview information is correct, tap “Pay Now” or “Continue”. You would then arrive on the bank’s login page.

  • Using your net banking login details, complete the payment process.

Debit card :

Authorized banks have not yet offered this possibility. However, it is expected to work just like on the NSDL website.

NEFT/RTGS:

  • To pay taxes offline at branches, one can use any bank that offers RTGS/NEFT services. Select “Continue” after selecting “RTGS/NEFT”.

  • If the information displayed in the preview is correct, press “Pay now” or “Continue”.

  • Within 15 days of submission, the signed copy of the Challan form must be presented to the bank branch for payment.












Pay at the Bank counter:

  • With this option, you can pay through authorized banks using checks, cash or demand drafts. Select a valid bank and payment method before pressing “Continue”.

  • If the information displayed in the preview is correct, press “Pay now” or “Continue”.

  • Within 15 days, the signed copy of the Challan form and method of payment must be delivered to the branch of the chosen authorized bank.

Payment gateway:

  • Choose the gateway of one of the banks for tax remittance via various options. You can pay by net banking, debit/credit card or UPI. Choose any payment gateway and continue.

  • After that, press “Pay now” or “continue” if the exact details are visible in the preview.

  • You end up on the corresponding bank payment gateway after accepting the terms and conditions. Choose the appropriate payment method for tax remittance and complete the payment process.

  • You will receive a confirmation message on your email ID and phone number registered on the e-Filing portal.











First published: November 20, 2022, 04:13 IST



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