{"id":5024,"date":"2025-03-08T18:13:37","date_gmt":"2025-03-08T12:43:37","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=5024"},"modified":"2025-05-23T13:30:36","modified_gmt":"2025-05-23T08:00:36","slug":"income-tax-department-expands-e-pay-tax-services-to-30-banks","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/income-tax-department-expands-e-pay-tax-services-to-30-banks\/","title":{"rendered":"Income Tax Department Expands E-Pay Tax Services to 30 Banks"},"content":{"rendered":"<h2 data-start=\"70\" data-end=\"163\">IDFC First Bank and Tamilnad Merchantile Bank Now Included for Seamless ITR Payments<\/h2>\n<p data-start=\"165\" data-end=\"616\">New Delhi \u2013 The Income Tax Department of India has announced an expansion of its e-Pay Tax service, adding two more banks to the list of authorized institutions that facilitate income tax return (ITR) payments through the e-filing portal. The addition of IDFC First Bank and Tamilnad Merchantile Bank brings the total number of participating banks to 30, enhancing convenience and accessibility for taxpayers.<\/p>\n<p data-start=\"618\" data-end=\"985\">The move is part of the government\u2019s ongoing effort to streamline the tax payment process, making it simpler, faster, and more efficient. The Income Tax e-filing portal now offers a broader range of banking options, ensuring that taxpayers across different financial institutions can fulfill their tax obligations online without unnecessary hurdles.<\/p>\n<h2 data-start=\"992\" data-end=\"1049\">Highlights of the Expanded E-Pay Tax Service<\/h2>\n<ul data-start=\"1051\" data-end=\"1445\">\n<li data-start=\"1051\" data-end=\"1203\">Two New Banks Added:\n<ul data-start=\"1082\" data-end=\"1203\">\n<li data-start=\"1082\" data-end=\"1138\">IDFC First Bank (Added on November 27, 2024)<\/li>\n<li data-start=\"1141\" data-end=\"1203\">Tamilnad Merchantile Bank (Added on March 5, 2025)<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1204\" data-end=\"1252\">Total Number of Authorized Banks: 30<\/li>\n<li data-start=\"1253\" data-end=\"1445\">E-Pay Tax Services Enable Digital Payment for:\n<ul data-start=\"1310\" data-end=\"1445\">\n<li data-start=\"1310\" data-end=\"1329\">Advance Tax<\/li>\n<li data-start=\"1332\" data-end=\"1359\">Self-Assessment Tax<\/li>\n<li data-start=\"1362\" data-end=\"1392\">Regular Assessment Tax<\/li>\n<li data-start=\"1395\" data-end=\"1419\">TDS\/TCS Payments<\/li>\n<li data-start=\"1422\" data-end=\"1445\">Demand Payments<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 data-start=\"1452\" data-end=\"1528\">Comprehensive List of 30 Banks Now Available for E-Pay Tax Services<\/h2>\n<p data-start=\"1530\" data-end=\"1651\">The following banks are now authorized to process income tax payments through the official e-filing portal:<\/p>\n<ol data-start=\"1653\" data-end=\"2423\">\n<li data-start=\"1653\" data-end=\"1671\">HDFC Bank<\/li>\n<li data-start=\"1672\" data-end=\"1691\">ICICI Bank<\/li>\n<li data-start=\"1692\" data-end=\"1726\">State Bank of India (SBI)<\/li>\n<li data-start=\"1727\" data-end=\"1745\">Axis Bank<\/li>\n<li data-start=\"1746\" data-end=\"1774\">Kotak Mahindra Bank<\/li>\n<li data-start=\"1775\" data-end=\"1796\">Bandhan Bank<\/li>\n<li data-start=\"1797\" data-end=\"1820\">Bank of Baroda<\/li>\n<li data-start=\"1821\" data-end=\"1851\">Central Bank of India<\/li>\n<li data-start=\"1852\" data-end=\"1869\">DCB Bank<\/li>\n<li data-start=\"1870\" data-end=\"1892\">Federal Bank<\/li>\n<li data-start=\"1893\" data-end=\"1912\">IDBI Bank<\/li>\n<li data-start=\"1913\" data-end=\"1936\">IndusInd Bank<\/li>\n<li data-start=\"1937\" data-end=\"1967\">Indian Overseas Bank<\/li>\n<li data-start=\"1968\" data-end=\"1989\">Indian Bank<\/li>\n<li data-start=\"1990\" data-end=\"2014\">Karnataka Bank<\/li>\n<li data-start=\"2015\" data-end=\"2045\">Jammu &amp; Kashmir Bank<\/li>\n<li data-start=\"2046\" data-end=\"2072\">Karur Vysya Bank<\/li>\n<li data-start=\"2073\" data-end=\"2101\">Punjab &amp; Sind Bank<\/li>\n<li data-start=\"2102\" data-end=\"2138\">Punjab National Bank (PNB)<\/li>\n<li data-start=\"2139\" data-end=\"2168\">Union Bank of India<\/li>\n<li data-start=\"2169\" data-end=\"2196\">South Indian Bank<\/li>\n<li data-start=\"2197\" data-end=\"2215\">RBL Bank<\/li>\n<li data-start=\"2216\" data-end=\"2234\">UCO Bank<\/li>\n<li data-start=\"2235\" data-end=\"2264\">Bank of Maharashtra<\/li>\n<li data-start=\"2265\" data-end=\"2286\">Canara Bank<\/li>\n<li data-start=\"2287\" data-end=\"2312\">City Union Bank<\/li>\n<li data-start=\"2313\" data-end=\"2337\">Dhanlaxmi Bank<\/li>\n<li data-start=\"2338\" data-end=\"2361\">Bank of India<\/li>\n<li data-start=\"2362\" data-end=\"2387\">IDFC First Bank<\/li>\n<li data-start=\"2388\" data-end=\"2423\">Tamilnad Merchantile Bank<\/li>\n<\/ol>\n<h2 data-start=\"2430\" data-end=\"2497\">Understanding the E-Pay Tax Service on the E-Filing Portal<\/h2>\n<p data-start=\"2499\" data-end=\"2822\">The E-Pay Tax service is a digital tax payment system that allows taxpayers to fulfill their tax obligations electronically via the income tax department\u2019s e-filing portal. This initiative eliminates the need for physical visits to banks and provides a secure, hassle-free method for paying taxes.<\/p>\n<p data-start=\"2824\" data-end=\"2868\">Taxpayers can use this service to pay:<\/p>\n<ul data-start=\"2869\" data-end=\"3371\">\n<li data-start=\"2869\" data-end=\"2957\">Advance Tax \u2013 Paid before the financial year ends in quarterly installments.<\/li>\n<li data-start=\"2958\" data-end=\"3060\">Self-Assessment Tax \u2013 The tax amount a taxpayer calculates and pays before filing the ITR.<\/li>\n<li data-start=\"3061\" data-end=\"3159\">Regular Assessment Tax \u2013 The tax due after the income tax department assesses the ITR.<\/li>\n<li data-start=\"3160\" data-end=\"3302\">TDS\/TCS Payments \u2013 Tax deducted at source (TDS) and tax collected at source (TCS) payments made by businesses and individuals.<\/li>\n<li data-start=\"3303\" data-end=\"3371\">Demand Payments \u2013 Tax dues as per IT department notices.<\/li>\n<\/ul>\n<h3 data-start=\"3373\" data-end=\"3413\">Benefits of E-Pay Tax Services<\/h3>\n<ul>\n<li data-start=\"3414\" data-end=\"3837\">Convenience \u2013 Online payments eliminate the need for in-person banking visits.<\/li>\n<li data-start=\"3414\" data-end=\"3837\">Faster Processing \u2013 Transactions are instantly processed and confirmed via digital banking.<\/li>\n<li data-start=\"3414\" data-end=\"3837\">Secure Transactions \u2013 Payments are handled through authorized banking channels, ensuring security.<\/li>\n<li data-start=\"3414\" data-end=\"3837\">Availability of Multiple Banks \u2013 With 30 banks now onboard, taxpayers can select their preferred institution.<\/li>\n<\/ul>\n<h2 data-start=\"3844\" data-end=\"3890\">What If Your Bank Is Not on the List?<\/h2>\n<p data-start=\"3892\" data-end=\"4036\">For taxpayers whose banks are not part of the authorized list, the Income Tax Department has provided alternative payment options:<\/p>\n<ul data-start=\"4038\" data-end=\"4373\">\n<li data-start=\"4038\" data-end=\"4188\">NEFT\/RTGS: Taxpayers can transfer funds via National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS) using any bank.<\/li>\n<li data-start=\"4189\" data-end=\"4373\">Payment Gateway on E-Pay Tax Service: The portal offers an online payment gateway for tax settlements via debit\/credit cards, UPI, or net banking from non-listed banks.<\/li>\n<\/ul>\n<p data-start=\"4375\" data-end=\"4509\">These options ensure that every taxpayer has access to digital tax payment methods, regardless of their banking institution.<\/p>\n<h2 data-start=\"4516\" data-end=\"4580\">When Will ITR Filing Begin for Assessment Year 2025-26?<\/h2>\n<ul data-start=\"4582\" data-end=\"4894\">\n<li data-start=\"4582\" data-end=\"4634\">Start Date for ITR Filing: April 1, 2025<\/li>\n<li data-start=\"4635\" data-end=\"4690\">Deadline for Non-Audit Cases: July 31, 2025<\/li>\n<li data-start=\"4691\" data-end=\"4894\">Notification for Online Forms: The Income Tax Department will issue an official announcement once offline utilities and online ITR forms are made available on the e-filing portal.<\/li>\n<\/ul>\n<p data-start=\"4896\" data-end=\"5056\">Taxpayers are advised to check the official income tax website regularly for updates regarding the ITR filing process for Assessment Year 2025-26.<\/p>\n<h2 data-start=\"5063\" data-end=\"5125\">Enhancing Digital Tax Payments for Greater Efficiency<\/h2>\n<p data-start=\"5127\" data-end=\"5469\">The Income Tax Department\u2019s decision to expand the E-Pay Tax service to 30 banks reflects its commitment to enhancing taxpayer convenience. The addition of IDFC First Bank and Tamilnad Merchantile Bank will further simplify tax compliance, making digital payments more accessible to a larger number of taxpayers.<\/p>\n<p data-start=\"5471\" data-end=\"5685\">By eliminating the need for physical tax payments, the government aims to strengthen digital financial infrastructure, ensuring that taxpayers can pay their dues seamlessly, securely, and efficiently.<\/p>\n<p data-start=\"5687\" data-end=\"5855\" data-is-last-node=\"\" data-is-only-node=\"\">For the latest updates on ITR filing, e-Pay Tax services, and tax payment guidelines, taxpayers are encouraged to visit the official Income Tax e-Filing portal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IDFC First Bank and Tamilnad Merchantile Bank Now Included for Seamless ITR Payments New Delhi \u2013 The Income Tax Department of India has announced an expansion of its e-Pay Tax service, adding two more banks to the list of authorized institutions that facilitate income tax return (ITR) payments through the e-filing portal. The addition of [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1362],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-5024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-and-economy-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=5024"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5024\/revisions"}],"predecessor-version":[{"id":5026,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5024\/revisions\/5026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/5025"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=5024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=5024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=5024"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=5024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}