Income Tax: Over the past two years, the Income Tax Department has made a number of efforts to make the process of filing an income tax return (ITR) simple and painless. Moreover, another entrance for structure rectification and annual expense form recording has been made by the Income Tax Division.
The Income Tax Department has also unveiled a new method for paying taxes in addition to all of these changes. The use of a credit card or UPI to pay taxes is now also available to taxpayers.
Any taxpayer can use the Income Tax Department’s facility to pay their taxes on the NSDL website using a debit card from an authorized bank and net banking from 16 banks. Paying your taxes may be challenging if you are in this situation but do not have an account with one of these banks; however, you should not be concerned about this.
Tax payments can now be made using credit cards, online banking, pay-at-bank counters, UPI, RTGS, and NEFT in addition to debit cards as part of the Income Tax Department’s new service.
How can a credit card and UPI be used to pay taxes?
Step:1.Utilizing your username and password, first sign in to the e-filing portal.
Step:2.From the e File portal’s menu, select the New Payment option under E Pay Tax.
Step:3.Continue after selecting the kind of tax you want to pay.
Step:4.Select the assessment year and tax year for which you will pay.
Step:5.Provide information regarding tax breakup, such as tax, surcharge, cess, and so forth.
Step:6.Credit cards, net banking accounts, bank branches, UPI, RTGS, and NEFT are the current payment options.
Taxes can be paid using any of these methods.
Step:7.As soon as the payment is finished, you can download the e-challan. You will also receive SMS and postal notifications regarding tax payments from the Income Tax Department.
How much will tax payment fees cost:
If you make your payment on the Income Tax and NSDL websites, there will be no additional fees. On the other hand, various banks will charge you fees ranging from Rs 5 to Rs 12 if you pay through net banking.
