Tax Payments made Secure, Convenient and Instant!

 

Direct Tax Payment 

Now pay your taxes through your Perfect Banking Partner, Federal Bank at Income Tax E-filing portal, making your tax payments seamless, secure and efficient.

 

Federal Bank customers can make their tax payment through any one of the following channels.

  • Through FedNet - Select Internet Banking and then select Federal Bank from others
  • Through Cash, Cheque / Demand Draft – Select “Over the Counter” and then select Federal Bank
  • Through Debit Cards, Credit Cards, UPI– Select Payment Gateway and then select Federal Bank

 

Non-Federal Bank customers can also make their tax payment through any one of the following channels.

  • Net Banking, Debit Cards, Credit Cards, UPI – Select Payment Gateway and then select Federal Bank. Once selected, customers can then choose their Bank, and payment mode including Internet banking, Credit/ Debit Card, International Credit Card & UPI.
  • Through Cash - This option cannot be used by a taxpayer being a Company or a person (other than a company) to whom provisions of section 44AB are applicable as per Notification 34/2008 of CBDT.

Taxpayer can avail cash mode to pay taxes at the counter of Authorized Banks.

  • Signed copy of Challan form along with payment instrument needs to be presented before the branch of the selected Authorised Bank to make payment.
  • Tax Payment of more than Rs. 10,000/- (Rupees Ten Thousand Only) in cash is not allowed under this .
  • No transaction charge/fee is applicable for making tax payment through cash

 

Benefits

  • 24x7 Online Payments through above channels
  • Get instant payment acknowledgement & challan receipt
  • Pay with multiple payment options
  • Enjoy secure transaction

Types of Payments

  • Advance Tax (100)
  • Self Assessment Tax (300)
  • Tax on Distributed Income to Unit Holders (107)
  • Surtax (102)
  • Payment of Demand/Penalty/Interest etc. under Undisclosed Foreign Income And Assets And Imposition of Tax Act, 2015 (Black Money Act) (108) 
  • Secondary Adjustment Tax under Section 92CE of Income-tax Act, 1961(110)
  • Accretion Tax under Section 115TD of Income-tax Act, 1961 (111)
  • Demand Payment as Regular Assessment Tax (400)
  • Payment of demand raised against previous years processed returns
  • Equalisation Levy/ STT/ CTT- Equalisation Levy (119)
  • Commodities Transaction Tax (800)
  • Securities Transactions Tax (STT)(0034)
  • Fees, Wealth Tax, Fringe Benefit Tax, Banking Cash Transaction Tax, Interest Tax, Hotel Receipts Tax, Gift Tax, Estate Duty, Expenditure/Other Tax. Income Tax (Other than Companies) (0021)
  • 26 QB (TDS on Sale of Property)- Payment of TDS on Sale of Property
  • 26 QC (TDS on Rent of Property)- Payment of TDS on rent of property
  • 26 QD (TDS on Payment to Resident Contractors and Professionals)
  • 26 QE (TDS on Transfer of Virtual Digital Asset)

 

Frequently Asked Questions: Direct Tax Payment with Federal Bank

Q1: Can non-Federal Bank customers pay their taxes through Federal Bank? 

Yes, non-Federal Bank customers can also make their tax payments through Federal Bank by selecting Federal Bank in Payment Gateway.

Q2: What is required to make a tax payment at the bank counter? 

A signed copy of the Challan forms along with the payment instrument (such as Cheque, Cash & DD) needs to be presented before any branch of Federal Bank to make the payment.

Q3: Are there any restrictions on cash payments? 

Yes, tax payments of more than Rs. 10,000/- (Rupees Ten Thousand Only) in cash are not allowed. Additionally, no transaction charge/fee is applicable for making tax payments through cash.

Q4: Can I use multiple payment methods for a single tax payment? 

No, you need to choose one payment method per transaction. However, you have multiple options to choose from, including Cash, Cheque, DD,  Internet Banking, Debit/Credit Cards, and UPI.

Q5: How do I get a payment acknowledgement and challan receipt? 

You will receive an instant payment acknowledgement and challan receipt once your transaction is successfully completed.

Q6: Is there any transaction fee for using the Payment Gateway? No, there are no charges on making payments through, UPI and Debit Cards. Though, there is transaction charge/fee for making tax payments through the Payment Gateway only on Credit Card and Net Banking.

Q7: What should I do if I encounter an issue during the payment process? 

If you face any issues during the payment process, you can contact Federal Bank's customer support for assistance.

Q8: Are there any specific timings for making tax payments through Federal Bank? 

No, you can make tax payments 24x7 through the available online channels.

Q9: Can I pay taxes for someone else using my Federal Bank account? 

Yes, you can pay taxes on behalf of someone else using your Federal Bank account, provided you have the necessary details and authorization.

Q10: What should I do if my payment fails but the amount is debited from my account? 

In case of a failed payment where the amount is debited, you should contact your Bank for status.

Q11: What should I do if I lose my challan receipt? 

If you lose your challan receipt, you can reprint it from the Income Tax E-filing portal.

Q12: Are there any limits on the amount I can pay using UPI? 

Yes, UPI transactions are subject to daily and per transaction limits set by your bank. Please check with your bank for the specific limits.

Q13: Can I use international credit cards for tax payments? 

Yes, you can use international credit cards for tax payments through the Payment Gateway option. No International Cards are not enabled by Federal Bank for making Tax Payments in India

Q14: How do I know if my tax payment has been successfully processed? 

You will receive an instant payment acknowledgement and challan receipt once your transaction is successfully completed. You can also check the status on the Income Tax E-filing portal.

Q15: Is it safe to make tax payments online through Federal Bank? 

Yes, Federal Bank ensures secure transactions through its robust security measures and encryption protocols.

Q16: Can I cancel a tax payment once it has been made? 

No, once a tax payment has been made, it cannot be cancelled. Tax payer can file the ITR and claim refund from Income Tax Department

Due dates to pay Advance tax

The due dates for payment of advance tax are as follows:

Due Date Advance Tax Installment
By June 15 15% of tax liability
By September 15 45% of tax liability
By December 15 75% of tax liability
By March 15 100% of tax liability

Taxpayers who declare profit and gains as per presumptive taxation scheme are required to pay the entire amount of their advance tax liability in a single instalment on or before March 15 and the quarterly due dates do not apply to them. It is pertinent to note that any tax paid up to March 31 would be treated as advance tax.

Timelines for depositing the TDS are as under:

Month of tax deduction Due date for depositing TDS
Tax deducted for the months of April – February By 7th of the following month
Tax deducted for the month of March By 7th April (for tax deducted by government office)
By 30th April (for other deductors)

Thus, for example, if TDS is deducted in the month of May, the same needs to be deposited with the government by 7th of next month – i.e. by 7th June.

Since this being a statutory due to the government, any failure to deduct/ pay the TDS on time, may attract interest in accordance with the law.