Paying income tax using net banking, credit card or debit card? You will be charged for it if you don't have this bank account
income tax debt using the e-pay tax payment service, as failure to do so may lead to serious consequences such as potential imprisonment in certain cases. Fortunately, there are multiple methods to settle income tax, including using a credit card and taking advantage of EMI options available for credit cards. However, banks may charge fees for processing such tax payments, although some payment options are free.
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Read on to understand the differences between free payment options and learn which option is suitable for various situations.
What are the options available for paying income tax on the e-filing portal's e-Pay tax feature
According to the income tax department website as of June 29, 2024, after generation of Challan (CRN), following modes are available to you for making income tax payments:
- 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)
What are the charges for each of the income tax payment methods
Here's a comparison of charges for all the income tax payment methods:
Net-banking: As per the tax department's website, this method can only be used by those
