Federal bank and central board of direct taxes both are conjoined and give the offer to e-pay facilities to the direct tax paying. Federal bank had received the approval from centre to this portal.
It let the taxpayers to make a easy transaction by any way like credit/debit card, UPI, net banking, cash etc. By this portal domestic clients, NRIs, any tax paying citizen in india can pay the tax through their bank branches with create bank challens and submit the payment.
To online tax payment for starter, there is no necessity for TAN/PAN registration or verification for taxpayers.
By this online tax payment taxpayers can eliminate the late tax payments.
Federal bank president harsh dugar said this portal will help to taxpayers to pay the taxes through any mode of payment option.
Federal Bank becomes one of the pioneers to be registered under Tin 2.0 platform of Income Tax Department.
The e-filing website now provides pre-login and post-login e-Pay Tax service through two more authorized banks, Kotak Mahindra Bank and Federal Bank. These two banks are now taking tax payments in both Over the Counter and Net Banking forms.