DCB Bank goes live on new Income Tax collection portal (TIN 2.0)

DCB Bank, a new-generation private sector bank, today announced that it had successfully implemented a new Direct Tax collection system integrated with the Government of India Income Tax Portal (TIN 2.0). This integration will provide taxpayers with a convenient single platform for both tax payments and e-filing of tax returns.

DCB Bank customers can seamlessly make Direct Tax payments through three primary channels - personal and business internet banking or visiting a DCB Bank branch and availing of payment options such as cash, cheque or demand draft.

Customers can use the tax collection platform by creating an account on the Income Tax Department's e-filing portal, which will enable them to obtain a challan reference number with PAN/TAN details for their tax payments anytime, anywhere with just a few clicks. Authorised channels can then be used to make payments using the challan reference number.

DCB Bank, Head Retail Banking, Mr. Praveen Kutty said, "DCB Bank provides taxpayers with a quick, secure and efficient direct tax payment facility. This online facility is convenient and enables taxpayers to submit the payment from the comfort of their home or office, resulting in substantial time and cost saving. The process involves the benefit of instant payment acknowledgement and the issuance of a challan receipt, all without incurring any charges. Our grateful thanks to the Central Board of Direct Taxes (CBDT), Government of India for their support in this endeavour."

Shares of DCB Bank Limited was last trading in BSE at Rs. 112.90 as compared to the previous close of Rs. 117.30. The total number of shares traded during the day was 70613 in over 1402 trades.

The stock hit an intraday high of Rs. 117.30 and intraday low of 112.60. The net turnover during the day was Rs. 8063851.00.

Source : Equity Bulls

Keywords

DCBBank INE503A01015 DirectTaxCollectionSystem TIN2