Now Pay Direct Taxes Online Via Kotak Mahindra Bank Online Banking Or By Visiting A Branch
Kotak Mahindra Bank has completed its technical integration with the Income Tax Department’s e-filing portal. This will allow Kotak Mahindra Bank customers to pay their direct taxes online through the portal’s e-pay tax page. Now, Kotak Mahindra Bank customers – individuals and businesses – can easily pay their direct taxes via the e-pay tax tab on the portal using Kotak Net Banking or by visiting a branch. This will make the tax payment process simple, instant and convenient for its customers.
Kotak Bank became the first scheduled private sector bank to be approved as a tax collection partner in October 2021, following the announcement allowing all banks to engage in government operations.
It is one of the first private banks to be fully integrated into the new Income Tax Service portal, which has merged with the new electronic tax filing system. With the implementation of the solution, the bank continues to be the industry innovator in providing this service in the private banking industry.
“With this service, Kotak Bank has become one of the first to offer a direct tax payment ecosystem across all of our channels. We are constantly coming up with new ideas to improve this experience and make it more convenient and secure for customers. ‘user,” says Dipak Gupta, co-CEO of Kotak Mahindra Bank.
Prior to the government’s decision to allow all banks to participate in government-related activities, tax collection, especially using the CBDT portal, was a time-consuming and inefficient customer experience due to complex technology and complexity. integration less than desired.
With the new CBDT site coupled with better technology integration, the new experience with private sector banks should result in better adoption of mobile banking and upcoming bank payments.
Kotak Bank is leading such a revolution due to its investments in technology and its tighter integration with government systems, including the CBDT’s newly implemented TIN 2.0 electronic deposit portal. Kotak Mahindra Bank, in line with its constant efforts to contribute to nation building, also launched an exclusive salary account designed to meet the needs of PSU and government employees last month.