Upgrad LLM

now, pay tax via atms

Corporate Laws and Indirect Taxation Laws Practitioner.


 Finance secretary Ashok Chawla on Tuesday launched the first of its kind banking service, where a customer can pay his income tax 
using an ATM. 

The facility has been started by Corporation Bank. Initially, at least 10-20 lakh people who have an account in the bank will benefit. Gradually, in the next one or two years the facility will be provided by all other banks, said S S N Moorthy, chairman of the Central Board of Direct Taxes. 

Corporation Bank chairman and managing director J M Garg said, ‘‘a customer after registering with the bank can pay his income tax and a system generated challan number will be provided for record.’’ The bank has also tied up with the I-T department and NSDL where a customer can view his tax payment record online.




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