BUSINESS

DCB Bank Implements New Direct Tax Collection System With Government Of India Income Tax Portal

DCB Bank, a new-generation private sector bank, today announced that it had successfully implemented a new Direct Tax collection system integrated with the Government of India Income Tax Portal (TIN 2.0), the company announced through an exchange filing.

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This integration will provide taxpayers with a convenient single platform for both tax payments and e-filing of tax returns.

DCB 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.

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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, said Praveen Kutty, DCB Bank, Head Retail Banking.

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