Financial Daily from THE HINDU group of publications
Saturday, Feb 19, 2005

Port Info

Group Sites

Money & Banking - Private Banks
Industry & Economy - Income Tax

IDBI Bank's online tax payment facility

Our Bureau

Chennai , Feb. 18

IDBI Bank launched an online direct tax payment facility in Chennai today.

Individuals and corporates can make their tax payments (income tax, corporation tax, gift tax) through the Internet.

The assessee is required to log on to the Website of the National Securities Depository Ltd (NSDL), click the tax-payment option and provide the details (name, address and permanent account number).

These details will be validated by NSDL and then the assessee can choose the bank option (in this case, IDBI Bank) to make the payment. The bank debits the customer account after authentication and completes payment of the tax.

A payment reference number is also provided to the assessee for reference purposes.

Online tax collection is a preferred mode abroad. Speaking on the sidelines, Mr D.C. Jain, Head- Government Business Group, IDBI Bank, said that this service would now enable assesses to pay their tax from the comfort of their home or office.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Banks fancy private sector over PSUs for investments

Rupee weakens; bond prices flat
Award for Federal Bank
RBI cancels NBFC licences in AP
Yes Bank's CD programme gets A1+ rating
Kotak Mahindra Bank makes pref allotment
IDBI Bank's online tax payment facility
United Western Bank plans public issue
Deloitte to advise PNB on UK subsidiary — Bank's second public offer to open on March 7
Canara Bank bonds issue fully subscribed
J.N. Godbole to head IDBI
Officers' union for merger of SBI associates
Befi stages demonstration
ICICI Bank initiative for better service at branches

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line