Internet Banking and Payment Methods for Tax Payments

Internet Banking for Tax Payments

Taxpayers with accounts at an Authorized Bank can utilize internet banking for making tax payments without incurring any transaction fees.

Eligible Banks for Internet Banking

• Axis Bank
• Bandhan Bank
• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Central Bank of India
• City Union Bank
• DCB Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDBI Bank
• Indian Bank
• Indian Overseas Bank
• IndusInd Bank
• Jammu & Kashmir Bank
• Karur Vysya Bank
• Kotak Mahindra Bank
• Punjab & Sind Bank
• Punjab National Bank
• RBL Bank
• South Indian Bank
• State Bank of India
• UCO Bank
• Union Bank of India
• Dhanlaxmi Bank
• IDFC First Bank
• Tamilnad Mercantile Bank Limited

Please note that this internet banking option is applicable only to Authorized Banks. For banks not on this list, use the Payment Gateway or RTGS/NEFT methods.

Debit Card Payments

Taxpayers with a debit card issued by an Authorized Bank that supports tax payments can also use this method, without incurring transaction fees.

Eligible Banks for Debit Card Payments

• Canara Bank
• ICICI Bank
• Indian Bank
• Punjab National Bank
• State Bank of India

Payment at Bank Counter

Individuals and companies ineligible under Section 44AB, as per Notification 34/2008 by the CBDT, cannot utilize this payment option. However, other taxpayers may pay taxes at the counters of Authorized Banks.

To complete this payment:

• Present a signed Challan Form along with the payment instrument at a branch of the selected Authorized Bank.
• Be aware that cash payments exceeding Rs. 10,000/- (Rupees Ten Thousand Only) are prohibited.

Payment Instruments

• Cash
• Cheque
• Demand Draft

Authorized Banks for Counter Payments

This payment method is valid only at the branches of Authorized Banks. For transactions through other banks, please use the NEFT/RTGS option. A signed Challan Form with CRN, generated from the e-Filing portal, is required.

RTGS Payments

Tax payments can also be executed via RTGS through any bank that provides RTGS/NEFT services.

Steps to Initiate RTGS Payment

1. Generate the Challan Form along with the necessary documentation.
2. Print the documents and present them on the bank's website or at a branch.

Note that online RTGS/NEFT transactions are free of charge according to RBI guidelines. For offline transactions, charges typically range from ₹24.50 to ₹49.50 + GST depending on the bank and the transaction amount.

Payment Gateway Options

This payment mode allows taxpayers to choose from multiple options such as Net Banking, Debit Card, Credit Card, and UPI. After selection, you will be redirected to the payment gateway’s dedicated page showcasing available options. Please be informed that any applicable transaction charges will be added to the tax amount for this method.

Supported Payment Gateways

• Canara Bank
• Federal Bank
• Kotak Mahindra Bank
• HDFC Bank
• Bank of Maharashtra
• State Bank of India

By utilizing these various payment methods, taxpayers can streamline their tax payment processes effectively and efficiently.