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.
- 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.
- 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.
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.
- 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.
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.