FY2023–2024 ITR Filing: Approved Banks to Pay Taxes via e-Pay Tax Service

In an effort to streamline the direct tax payment process, the income tax department has updated its list of approved banks for tax payments made through the e-Pay Tax service. The e-Filing portal and this service are connected, allowing taxpayers to create challans (CRN), make payments, and view their payment history. There are other ways to make payments, such as Pay at the Bank Counter, Debit Card, and Net Banking.

Licensed Banks to Pay Taxes

The following banks are approved to accept tax payments through the e-Pay Tax service, according to the income tax department’s website:

Bank Axis

Bank Bandhan

Baroda Bank and Bank of India

Maharashtra Bank Canara Bank

India’s Central Bank

Union Bank of City

Bank DCB

Bank Federal

ICICI Bank and HDFC Bank

Bank IDBI

Bank of India

Indian Bank Abroad

Industrial and Commercial Bank

Bank of Jammu & Kashmir

Kotak Mahindra Bank Karur Vysya Bank

Bank Karnataka

Bank of Punjab and Sind

National Bank of Punjab

South Indian Bank and RBL Bank

Indian State Bank

Union Bank of India, or UCO Bank

Bank Dhanalakshmi

FAQs and Important Features of the e-Pay Tax Service

For taxpayers, the e-Pay Tax service offers a simple and efficient method of managing their tax payments. The following are some common inquiries concerning the service:

Is a Challan (CRN) required in order to pay taxes?

It is true that using the e-Pay Tax service to make direct tax payments requires creating a Challan. There is a distinct Challan Reference Number (CRN) attached to each Challan.

Who is able to produce a Challan (CRN)?

Using the e-Pay Tax service, any taxpayer—including tax deductors and collectors—required to make direct tax payments can create a Challan. The e-Filing portal’s Post-Login and Pre-Login capabilities can be used for this.

Which payment methods are accessible once a Challan (CRN) has been generated?

Following the generation of a Challan, the following methods of payment are accessible:

Net Banking (with a few approved banks only)

Debit Card (a few approved banks only)

Pay at the Bank Counter: In select authorized bank branches, over-the-counter payments are accepted.

RTGS/NEFT (via any bank that offers this service)

Payment Gateway (using any bank’s UPI, Net Banking, Credit Card, and Debit Card as sub-payment mechanisms)

How can a taxpayer find out if their tax payment was accepted?

A Challan Receipt is produced once the tax payment is complete. The Challan Identification Number (CIN), BSR Code, Payment Date, and other pertinent information are included on this receipt. Under the “Payment History” tab, the CRN status will likewise change to “PAID”. The Challan Receipt is available for download and viewing by taxpayers under the Payment History section.