E-Filing Income Tax Return through Net Banking

Posted on Posted in Income Tax, Income Tax Return, Incometaxefiling

E-Filing Income Tax Return through Net Banking : People come across numerous glitches at the time of filing their income tax returns online. Some of them are not aware of the process of e-filing in a detailed way. Some others make some mistakes during their e-filing. The Income Tax department has introduced a new process of e-filing through net banking. In a bid to ease the filing process of the tax payers, the department has rolled out this new initiative. In this post, we have come up with a detailed guide so as to e-file your income tax returns via net banking. Check it out!

Benefits of e-Filing through Net Banking

Here are some of the best advantages of e-filing through net banking:

  • The tax payers need not have to login into their e-filing portal by providing PAN card number, password and other details. Instead, you can easily acquire access to the e-filing account dashboard.
  • One of the best advantages of e-filing via net banking is that this process is quite secure and faster as well.
  • The process of e-verification is pretty simple compared to the manual process. In a single step, you can get through the e-verification process.

How to e-Filing through Net Banking?

Here is a detailed step by step procedure that helps the tax payers to file their income tax returns via net banking:

  • First of all, you need to login into your net banking account of any bank using your user id and password.
  • Just tap on the e-filing link from the taxes or other services tab.
  • You need to provide your PAN card number and other personal information in the provided fields.
  • You have to do this in order to check whether your details match the net banking account or not.
  • Once your details matches, you can head over to the e-filing dashboard.
  • You need to e-file your income tax return online via net banking as usual.

Banks Providing e-Filing Service

Here is a list of banks that offer the e-filing service for all the tax payers to file their IT returns via net banking:

  • Allahabad Bank
  • Andhra Bank
  • Axis Bank Ltd
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • City Union Bank Ltd
  • Corporation Bank-Corporate Banking
  • Corporation Bank-Retail Banking
  • DENA BANK
  • HDFC Bank
  • ICICI Bank
  • IDBI Bank
  • Indian Overseas Bank
  • Kotak Mahindra Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • State Bank of India
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank

In the below post, we have included the process for e-filing income tax return through net banking of ICICI bank and Bank of Baroda.

E-Filing through ICICI Bank Net Banking

Here are the simple steps that help the tax payers to file their income tax returns through ICICI bank net banking:

  • First of all, go to your ICICI bank account using your user id and password.

E-Filing Income Tax Return

  • Navigate to the payment and transfers tab on the account. From the drop-down menu, you need to select the option that says ‘Manage your Taxes’.
  • You will receive one time password to your registered mobile phone via SMS.

E-Filing Income Tax Return

  • On the left side menu, you can see Income Tax e-filing in the option of Manage your Taxes. Just tap on the option.
  • You need to select the account number and confirm the PAN card number in order to acquire access to the income tax e-filing dashboard.
  • Just submit all your details on this account.
  • You can see the e-filing dashboard opening in a new window.

Income-Tax-e-Filing

E-Filing through Bank of Baroda Net Banking

Check out the easy steps to e-file income tax returns via Bank of Baroda net banking:

  • First of all, login on to the Bank of Baroda net banking account using your user id and password.
  • From the services tax tab, you need to click on ‘Login to E-filing’ option.

efiling-return

  • Choose your account and hit continue.
  • Just like ICICI bank, you need to confirm your PAN card number and account number. Hit continue button.
  • Once the e-filing dashboard opens in a new window, you can start e-filing your income tax return via Bank of Baroda net banking.

efiling-return

Limitations of e-Filing through Net Banking

Apart from the benefits, there are some limitations or disadvantages of e-filing via net banking. Check them all!

  • If the income tax department finds any kind of invalid details or mismatch of your name and DOB on your PAN card and bank account, they won’t consider your e-fling IT returns.
  • If you don’t have any net banking facility, you cannot use this method.

This is all you need to know about e-filing income tax returns via net banking.

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