MoneyWorks4Me

DCB Bank goes live on new Income Tax collection portal

23 Jun 2023 Evaluate

DCB Bank has successfully implemented a new Direct Tax collection system integrated with the Government of India Income Tax Portal (TIN 2.0). This integration will provide taxpayers with a convenient single platform for both tax payments and e-filing of tax returns.

The Bank customers can seamlessly make Direct Tax payments through three primary channels - personal and business internet banking or visiting a DCB Bank branch and availing of payment options such as cash, cheque or demand draft.

Customers can use the tax collection platform by creating an account on the Income Tax Department's e-filing portal, which will enable them to obtain a challan reference number with PAN/TAN details for their tax payments anytime, anywhere with just a few clicks. Authorised channels can then be used to make payments using the challan reference number.

DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.

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