Online Tax Payment Via FedNet

Customers shall have Savings / Current / Other Accounts enabled with FedNet transaction facility

Customers shall have valid PAN / TAN / ASSESSEE code

Registration of PAN / TAN / ASSESSEE code with FedNet is required

Present limit for transactions through FedNet is Rs.30,000/- per day. For higher limits, you have to submit "Application Form for Higher Limits" to your Branch.

Types of Taxes which can be paid through Internet Banking

• Income Tax
• Corporation Tax - Tax on Companies and Tax Deducted at Source from Companies
• Interest Tax and Expenditure Tax
• Gift Tax
• Wealth Tax
• Fringe Benefit Tax (FBT)
• Securities Transaction Tax (STT)
• Banking Cash Transaction Tax (BCTT)
• Other Tax Deducted or collected at source (TDS or TCS) on salaries of employees, interest on Fixed Deposits, Vendor Payments, Rent etc.
• Any other Direct Tax including Advance Tax
• Central Excise duty
• Service Tax

• You will be required to do a one-time registration for CBDT / CBEC e-Payments with PAN / TAN / Assessee Code and other details like Name, Address, etc. Login to FedNet with your user name and password
• Each PAN / TAN / Assessee Code has to be registered separately
• The details provided during registration will then be verified by the Bank. It may take a maximum of two working days.
• Customers would then receive an email stating whether the registration was approved or rejected along with reasons
• After successful registration, customers can start making online payment of taxes
• This is a 24 x 7 x 365 facility and as such you can make payment at any time of your convenience.
• All the payments executed by you in a day will be accounted for on the next working day.

• Login to FedNet with username and password
• Select "Pay your Tax" from "Pay Bills" Menu
• Select the relevant challan applicable to your payment and then select the PAN / TAN / Assessee Code from the drop down list.
• The challan form will be loaded with details of PAN / TAN / Assessee Code, Name and Address. You have to fill in the details such as Tax Major Head, Minor Head (or Account code), Assessment Year / Financial year, nature of payment and Amount with break-up etc.
• Ensure that all the details entered in the challan are correct and confirm payment by selecting the Submit / Insert button.
• Payments executed by you will be credited to the Govt account only on the next working day
• The copy of the accepted challans with the "Challan Index Number" (CIN - with the BSR code of the remitting Branch, Date of Payment and the Challan No) will be available within 2-3 working days from the date of payment. You can then download the challans from FedNet.