Income Tax Department Launches 'e-Pay Tax' Feature: Know Benefits, Steps, and Eligibility:

As of April 22nd, 2023, the tax department has initiated a new feature called ‘e-Pay Tax’ that allows direct online payments for taxes from its official site. This guide explains in detail what is e-Pay Tax, how it works, its benefits along with steps to avail the service, and eligibility criteria.

What is e-Pay Tax?

The term ‘e-Pay Tax’ is a taxation tool aimed at clients who do not wish to jump through hoops merely to pay their taxes online. Its objective is the complete removal of logging in or visiting the bank in person through a streamlined process that is speedy.

Benefits of e-Pay Tax:

No waiting in long bank lines, thus saving resources.

Updating tax payment records is done automatically.

Instant generation of tax challan upon successful payment.

Removal of dead time tax payment delays through clients fostering a culture when they are paid on time.

How to Use e-Pay Tax:

To pay your taxes, simply follow these quick steps:

Login to the Portal: Visit the e-filing website of the Income Tax and click on ‘e-Pay Tax’ located in the ‘Quick Links’ section.

Furnish PAN & Phone Number: Provide your PAN along with your Aadhar-wrapped mobile number.

OTP Verification: Authentication through receiving a 6-digit OTP on mobile number needs to be provided.

Choosing Payment Type: Mark the type of tax done; it could be regular income taxes, advance taxes, or self-assessed taxes.

Fix Tax Information: Provide the necessary information along with the tax sum in all the relevant fields.

Elect Payment Method: Choose from any available payment options (netbanking, debit or credit cards, UPI, or NEFT/RTGS).

Check and Complete Payment: Ensure that you have accurately entered all relevant payment information and confirmed completion of the transaction.

Who is eligible to file e-Pay Taxes?

This service can be accessed by:
- All registered taxpayers with an active Permanent Account Number (PAN).
- Persons with bank accounts that allow tax payments via online banking.
- Non-corporate entities that are considered corporate taxpayers under the regime of Section 44AB of the Income Tax Act of 1961.