Income Tax e-filing New Payment System TIN 2.0
As per recent tweet from PIB it has updated for new payment System TIN 2.0; A new payment system launched on the e-filing portal on 1st July'22.
Over 10 banks are presently live on e-filing portal for e-pay tax services, including Canara Bank, ICICI Bank, Indian Bank, Karur vysya Bank, Indian Overseas Bank, Federal Bank, Kotak Mahindra Bank, Bank of India, Central Bank of India, Bank of Maharashtra, Axis Bank among others.
17,06,007 challans involving Rs. 45,357.57 crore received till 30th Nov.'2022 on TIN 2.0.
Payment of Tax has been enabled on the portal itself to reduce compliance burden and increase efficiency.