ITR Filing 2025: Income Tax Department has added new Banks for Tax Payment

The Income Tax (I-T) department has expanded the list of banks linked to the e-Pay Tax service on the e-Filing portal. Recently, Tamilnad Mercantile Bank (added on March 5, 2025) and IDFC First Bank (added on November 27, 2024) joined the list. Dhanlaxmi Bank was also included earlier on June 26, 2024.

How Does the e-Pay Tax Service on the e-Filing Portal Work?

The e-Pay Tax service on the e-Filing portal simplifies the process of paying direct taxes online. It allows taxpayers to generate a challan (CRN), make payments, and track their payment history through authorized banks. Additionally, it facilitates the filing of Forms 26QB, 26QC, 26QD, and 26QE for various tax-related transactions.

What Are the Payment Modes for Income Tax?

Taxpayers can make payments using net banking, debit cards, or at designated bank counters.

When Does ITR Filing Begin for AY 2025-26?

ITR filing for Assessment Year 2025-26 will begin on April 1, 2025. The Income Tax Department will notify taxpayers once offline utilities and online forms are available on the e-Filing portal. For individuals who do not require an audit, the last date to file their return is July 31, 2025.

List of Banks approved by IT Department

Banks approved for Tax Payment
    Exit mobile version