It is necessary for taxpayers to deposit tax to the Income Tax Department within the stipulated time. Not doing so can lead to penalty, notice may come and you may have to pay interest on tax. The last date for filing income tax return of FY 2024-25 is 31 July. The process of filing returns will start as soon as the Income Tax Department is issued the Utilities and ITR forms. Earlier, it is necessary to know about the income tax e-feature for taxpayers.
What is the E-PAY feature of the Income Tax Department?
e-pay The Income Tax Department has a digital gateway, which makes the tax payment process much easier. Taxpayers can easily pay their tax to use this feature. The use of this system is completely safe. Tax money immediately reaches the Income Tax Department. A taxpayer can use e-pay features for tax payment through net banking, debit card, NEFT/RTGS etc.
How can an e-feature be used?
To use e-pay features, you have to go to the e-filing portal of income tax. 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 have to enter your pan and mobile number. After this, an OTP of six digits will come on your mobile phone. Your verification will be completed as soon as it puts it. After that you have to select the type of payment. After that you have to select financial year. Then you have to select payment mode and bank. After that, you will be paid as soon as you click on Pay Now.
ALSO READ: ITR Filing: Deduction and rebate are also in new tax regimen, know how to take advantage
E-pay use completely safe
Experts say that e-pay income is the easiest way to pay tax. It is also safe. The possibility of failure of transactions in this is negligible. Taxpayers are assured to reach the Income Tax Department immediately. Taxpayers can use e-pay features for tax payment by filing income tax returns inside the deadline. This will not require taxpayers to repay the interest on penalty and tax.