Income Tax: Over the last two years, the Income Tax Department has made numerous efforts to make the process of completing an income tax return (ITR Filing) simple and painless. The Income Tax Department has also built a new portal for form revision and income tax return submission. In addition to these changes, the Income Tax Department has revealed a new tax payment method. Taxpayers can now pay their taxes by credit card or UPI.
Any taxpayer can pay their taxes on the NSDL website utilising the Income Tax Department’s facility, using a debit card issued by an authorised bank and net banking from 16 banks. If you are in this situation and do not have an account with one of these institutions, you may find it difficult to pay your taxes, but you should not be concerned. Tax payments can now be made via credit cards, online banking, pay-at-bank counters, UPI, RTGS, and NEFT, in addition to debit cards, as part of the new service provided by the Income Tax Department.
Taxes can be paid using UPI and a credit card in the following ways:
Step 1: Enter your login and password into the e-filing system.
Step 2: From the e File portal’s menu, select the New Payment option under the E Pay Tax option.
Step 3: Choose the sort of tax you want to pay and then proceed.
Step 4: Select the assessment year and tax year for which you will be paying.
Step 5: After that, offer specifics on tax breakdown, including tax, surcharge, cess, and so on.
Step 6: You can now make payments by credit card, net banking, bank branch, UPI, RTGS, or NEFT. Taxes can be paid using any of these methods.
Step 7: As soon as the payment is completed, download the e-challan. Additionally, the Income Tax Department will send you tax payment alerts via postal mail and SMS.
How much will the tax payment fees be?
If you pay through the NSDL or Income Tax websites, you will not be charged anything. If you pay using net banking, however, several banks will charge you fees ranging from Rs 5 to Rs 12.
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