It is necessary for taxpayers to deposit tax to the Income Tax Department within the stipulated time. Failure to do so may result in penalty, notice and interest may have to be paid on tax.
The last date for filing income tax return for the financial year 2024-25 is 31 July. The process of filing returns will start as soon as the Income Tax Department releases utilities and ITR forms. Before this, it is important for taxpayers to know about the e-feature of income tax.
What is the e-pay feature of Income Tax Department?
e-pay is a digital gateway of the Income Tax Department, which makes the process of tax payment very easy. Taxpayers can easily pay their taxes using this feature. Using this system is completely safe. The tax money reaches the Income Tax Department immediately. A taxpayer can use the e-pay feature for tax payment through net banking, debit card, NEFT/RTGS etc.
How can e-features be used?
To use the e-pay feature, you have to go to the income tax e-filing portal. After logging in with your ID and password, you will see this feature in the quick link on the home page. After clicking on this feature, you will have to enter your PAN and mobile number. After this, a six-digit OTP will come on your mobile phone. As soon as you enter it, your verification will be completed. After that you have to select the type of payment. After that you have to select the financial year. Then you have to select the payment mode and bank. After that, as soon as you click on Pay Now, your payment will be done.
The use of e-pay is completely safe
Experts say that e-pay is the easiest way to pay income tax. It is also safe. There is almost no chance of transaction failure. Taxpayers are assured that the tax money will reach the income tax department immediately. Taxpayers can use the e-pay feature for tax payment by filing income tax returns within the deadline. This will save the taxpayer from paying penalty and interest on tax.
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