In its endeavour to improve the taxpayer experience on the e-filing portal, the income tax department introduced Tax Information Network (TIN 2.0) last year. The entire tax payment has shifted from the erstwhile TIN-NSDL to TIN 2.0 with effect from April 1, 2023.
“The new e-Pay tax payment platform TIN 2.0 is an official portal of the income tax department with an objective to provide taxpayers with single window access to income tax-related services, including tax payments. Such a payment system is available on the e-filing portal, replacing the OLTAS-based payment system,” said Suresh Surana, Founder of RSM India.
As of now, a total of 26 banks, including state-owned and private banks, are on board. “Taxpayers of those specific banks will now have to visit the income tax department’s e-filing portal to pay their direct taxes,” said Prabhakar K S, Founder & CEO of Shree Tax Chambers.
Read more at: bt Money today
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