If you have account in these 11 banks, then you will not be able to pay tax on TIN NSDL website

If you make income tax payment online, then there is an important information for you. Before making tax payment, you should check once whether your bank is connected to the tax payment facility route or not. This has happened because the Income Tax e-filing portal has started the facility of e-pay tax. Customers whose bank is linked to e-pay tax or whose banks have migrated from TIN-NSDL website to the new e-filing portal, only they will get the facility of online payment. The new facility of tax payment is available on the e-filing income tax portal.

List of 11 banks
1. Axis Bank
2. Central Bank of India
3. ICICI Bank
4. Indian Bank
5. Karur Vysya Bank
6. Bank of Maharashtra
7. Canara Bank
8. Indian Overseas Bank
9. Bank of India
10. federal bank
11. Kotak Mahindra Bank

A report in ‘Economic Times’ states that customers of banks that have migrated to the new tax portal would have been informed by the concerned bank. ICICI Bank has written in a message sent to its customers, the Income Tax Department has migrated ICICI Bank to the new tax information version 2.0 for direct tax payment.

Benefits of new portal

More facilities are available on the new income tax portal than the NSDL portal. For example, if someone wants to deposit money through e-pay tax, then he can take the help of debit card, net banking, RTGS or NEFT, payment gateway UPI, credit card. At present, NSDL allows taxpayers to pay taxes only through net banking and debit cards.

Disadvantages of new tax portal

However, charges may also have to be paid for some services on the new tax filing portal. If a person makes income tax payment through NEFT or RTGS and payment gateway, then he will have to pay some charges. For example, if a person pays tax through Federal Bank Payment Gateway, then he will have to pay an additional charge of 0.85 percent. If payment is made through net banking, an additional fee of Rs 5-12 may have to be paid. This charge is for the new tax portal, while there was no charge on NSDL.

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