More than 17 lakh challans involving Rs 45,357.57 crores received on new Income-tax portal

More than 17 lakh challans involving Rs 45,357.57 crores have been received till November 30, 2022, on Tax Information Network (TIN) 2.0, the Ministry of Finance said in a Tweet on Wednesday, December 14.

TIN 2.0 is a new payment system launched on the e-filing portal on July 1, 2022, with the aim to ease the payment of the tax process and reduce the compliance burden.

Till date, over 10 banks have been live on the e-filing portal for epay tax services, some of which include Axis Bank, Canara Bank, Karur Vyas Bank, etc. TIN replaced the existing Online Tax Accounting System (OLTAS), which was previously used for the tax filing process.

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