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ITR Filing 2023 : Big Update! Open Account in ‘These’ Banks for Refund, See Complete List of Banks Available on E-Pay Tax Service

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ITR 2024: Before filing ITR, know how retirement benefits are taxed

ITR Filing 2023 : E-Pay Tax service now enabled with over the counter and net banking option for DCB Bank. Along with this, e-pay tax services are now available in 25 banks for payment of taxes.

Mumbai: The last date for filing income tax returns for the financial year 2022-23 is 31 July 2023. Most of the salaried individuals would have received Form 16 by now to file ITR. Bank account must be pre-verified while filing income tax return. This is all the more important if you want a refund of any excess tax paid. Otherwise the Income Tax Department will not be able to credit your Income Tax Return.

Form 16 is an important document for filing ITR for salaried category. It is an annual certificate issued by the company. E-Pay Tax service is now enabled for DCB Bank with over the counter and net banking option. Along with this, e-pay tax services are now available in 25 banks for payment of taxes.

LIST OF BANKS FOR TAX PAYMENT

1) Axis Bank

2) Bank of Baroda

3) Bank of India

4) Bank of Maharashtra

5) Canara Bank

6) Central Bank of India

7) City Union Bank

8) DCB Bank

9) Federal Bank

10) HDFC Bank

11) ICICI Bank

12) IDBI Bank

13) Indian Bank

14) Indian Overseas Bank

15) IndusInd Bank New Bank

16) Jammu & Kashmir Bank

17) Karur Vaishya Bank

18) Kotak Mahindra Bank

19) Punjab National Bank

20) ​​Punjab and Sind Bank

21) RBL Bank

22) State Bank of India

23) South Indian Bank

24) UCO Bank

25) Union Bank

Be Careful While Filling ITR

Taxpayers should fill their ITR carefully and Some common mistakes should be avoided. E.g. Forgetting to verify their ITR and selecting wrong assessment year.

It is a common mistake to forget to verify ITR required while filing income tax return. Taxpayers often realize this mistake only after receiving a notice from the Income Tax. Correcting this error can be time-consuming and expensive. Currently, taxpayers have 30 days to verify the ITR form after submission. Besides, many taxpayers get confused between assessment year and financial year. This should also be filled with care. Note that the assessment year always comes after the financial year. You need to select assessment year 2023-24 to pay current tax.

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