Income Tax Return (ITR) filing deadline is July 31, 2024. The Income Tax Department has made available all the ITR forms (ITR 1-7) and their Excel utilities on the e-filing portal. The tax department has also released a list of 28 banks authorised to collect income tax from taxpayers. Taxpayers can file their tax returns and pay income tax due using any of the various payment modes available online.

Only those taxpayers will need to use the online payment facilities of these banks whose tax liability exceeds the TDS (tax deducted at source) paid during the year.

28 banks authorised to collect tax payments

You can use one of the 28 designated banks approved by the tax department for tax payments. These banks are: Axis Bank, Bandhan Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, City Union Bank, DCB Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank and Indian Bank.

Also Read
Exemption from ITR Filing 2024, Senior citizens income tax returns filing
Exemption from ITR Filing 2024: Senior citizens are not required to file income tax returns under THESE conditions
income tax, tax-saving investments, Chapter VI A of Income Tax Act, 80C, 80D, gross total income, deductions under Chapter VI A
Deductions under Chapter VI A of Income Tax Act: Know how much tax may be saved
Income Tax Portal Glitches Continue! Will ITR filing due date be extended
Income Tax Portal Glitches: Govt to extend ITR filing due date to August 31? Here’s what reports suggest
Income Tax Portal Glitches: Taxnet 2.0 facility
Income Tax Portal Glitches: CBDT goes for revamping digital infra with Taxnet 2.0! How this will help taxpayers

Other authorised banks are Indian Overseas Bank, IndusInd Bank, Jammu & Kashmir Bank, Karur Vysya Bank, Kotak Mahindra Bank, Karnataka Bank, Punjab & Sind Bank, Punjab National Bank, RBL Bank, South Indian Bank, State Bank of India, UCO Bank, Union Bank of India and Dhanlaxmi bank.

Also read: Income Tax Return: How to choose correct ITR form for tax filing

These banks have been designated for receiving tax payments through the e-filing portal of the Income Tax Department. All payments through authorised banks are required to be made through the e-filing portal only. Taxpayers can make payment through non-authorised banks with NEFT/RTGS and Payment Gateway (Bank of Maharashtra, Canara Bank, Federal Bank, State Bank of India, HDFC bank & Kotak Bank offers this facility as of now) as the new modes of payment in e-filing system.

What are the various modes available for making tax payment after generation of challan (CRN):

After generation of challan, following modes are available for making tax payment:

  • Net Banking (select authorised banks).
  • Debit card of select authorised banks.
  • Pay at bank counter (Over the counter payment at the branches of select authorised banks)
  • RTGS / NEFT (through any bank having such facility).
  • Payment Gateway (using sub-payment modes as Net Banking, Debit Card, Credit Card, and UPI of any Bank).

Also read: ITR Filing: You don’t need to pay taxes on THESE 12 income sources

How to e-pay tax online?

  1. Visit the Income Tax Department’s portal and go to ‘e-pay tax’ section;
  2. On the ‘e-pay tax’ page, click ‘New payment’ option
  3. On the New payment page, click ‘Proceed’ on a tax payment tile applicable to you.
  4. After selecting the applicable Tax Payment tile, select Assessment Year, Minor head, other details (as applicable) and click Continue.
  5. On the add tax breakup details page, add the breakup of total amount of tax payment and click continue.
  6. In the ‘Select Payment Mode’ page, select ‘Payment Gateway’ mode and click continue.
  7. In the preview and make payment page, verify the details and tax break up details and click ‘Pay Now’.
  8. Read and select the terms and conditions and click submit to bank.