Taxpayers must deposit their taxes with the Income Tax Department on time. If not done, it may lead to penalties, notices, and interest on the pending tax.
The deadline to file returns for FY 2024-25 is 31 July. The return filing process will begin once the Income Tax Department releases the ITR forms and utilities.
Before that, it’s important to understand the e-pay feature of the Income Tax Department.
What is the e-pay feature of the Income Tax Department?
The e-pay feature is a digital system of the Income Tax Department that helps make tax payments simple and fast.
Taxpayers can use it to pay taxes easily. The system is completely secure. The paid tax amount reaches the department right away.
You can use e-pay through options like net banking, debit card, NEFT/RTGS, etc.
How to use the e-pay feature?
To use e-pay, visit the income tax e-filing website. Log in using your user ID and password.
You’ll see the e-pay option in the quick links on the home page. Click on it and enter your PAN and mobile number.
You will receive a 6-digit OTP on your phone. Enter it to verify. Then, choose the type of payment, the financial year, the payment method, and your bank.
Click on “Pay Now” to complete your payment.
e-pay is completely safe to us
Experts say e-pay is one of the easiest and safest ways to pay income tax. The chances of transaction failure are very low.
It ensures that the tax amount reaches the department immediately.
Taxpayers should use the e-pay option while filing their returns on time. This helps avoid penalties and interest on late tax payments.
