18 Aug 2019

E payment- Tax

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CA Abhishek Sinha
M.com,CA,CS
CA in Practice
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   •    14 Year 4 Month  experience

Keeping in line with the current popularity of online platforms, Income Tax Department too has stepped up its taxation filing process and made it a piece of cake for Indian taxpayers. Various direct taxes in the country can now be paid online without having to physically go to banks and stand in long queues

Who all are Eligible to Pay Income Tax Online:
All taxpayers with an online banking account with an authorized bank can pay his or her income tax online. The IT Department has authorized only a few public as well as private sector banks for receiving e-payment of income tax.

Advantages of Online Payment of Income Tax:
There are surely some advantage attached with the e-payment of income tax. Some of these benefits are listed below.
Instant transfer of tax happens through your bank account

The challan and receipt copies can be downloaded and saved for future reference
A clear receipt for tax payment is received as soon as the income tax amount is deducted from your online bank account
Online enquiry of whether your tax amount has reached the IT Department can be made via the official website of the Income Tax Department

Payment of income tax can be made from any location and at any time convenient to the taxpayer
Challan details are directly sent to the Income Tax Department without banks going through the hassle of data entry at their end

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