IDFC First Bank Authorized for Direct Tax Collection

IDFC First Bank has been authorized by the Government of India (GoI) and the Reserve Bank of India (RBI) to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).

With this authorization, the bank has announced its integration with the Income Tax portal, enabling customers to pay their direct taxes easily and conveniently. This includes facilities such as downloadable challans, seamless payments, and instant payment confirmations.

Payment Options
Customers can make direct tax payments through IDFC First Bank's user-friendly retail and corporate internet banking platforms or by visiting any branch to pay via cash, cheque, or demand draft.

On this development, Mr. Chinmay Dhoble, Country Head - Retail Liabilities, IDFC First Bank, said, "As a universal bank, we are expanding our range of products and services. With the inclusion of income tax and GST payment facilities, we are now fully equipped to meet our customers' needs. This authorization by CBDT, GoI, and RBI marks a significant milestone for us."

Steps to Pay Direct Taxes

1. Log in to the CBDT portal: eportal.incometax.gov.in
2. Generate a challan and select the e-payment option via net banking.
3. Choose IDFC First Bank as the payment option.
4. Complete the payment and download the tax payment challan.

Additionally, IDFC First Bank is working with CBDT to introduce more payment options, such as UPI and card payments.

For further details, visit www.idfcfirstbank.com.