Capital E-Saving Digital Accounts
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Capital Bank provides a simple and convenient way to make online tax payments. With our easy-to-use platform, you can pay your taxes through your Capital Bank account. Our secure and reliable payment options make it easy to manage your tax payments from anywhere, at any time.
To make direct tax payments, the Income Tax Department has migrated to Tax Information Network v2.0, and taxpayers must make their payments directly on the ITD portal using their bank account. It is mandatory to make tax payments directly on the Income Tax website, and you can easily log in to the website through the provided link.
Visit the https://incometaxindia.gov.in/ and enter the PAN / TAN / Assesse code.
Validate the PAN / TAN / Assesse code online.
If valid, complete Assessment year and type of payment
Input tax amount, surcharge, cess, penalty, interest, other amount and proceed to payment mode. For payment there are two options;
RTGS/NEFT
To make a GST payment and generate a Challan, you can follow the simple steps outlined below:
Visit the GST website at https://payment.gst.gov.in /payment/
Enter your GSTIN number and Captcha.
Choose the appropriate Challan type and enter the amount to be paid.
Under Payment modes, select NEFT/RTGS mode and select Capital Small Finance Bank in the drop-down list.
Generate your Challan, which will have a unique CPIN number.
Log in to your Capital Bank account using Net Banking.
Select RTGS/NEFT than Add beneficiary details as mentioned on GST challan and proceed for payment or submit the challan to nearest branch for payment.
Once payment has been successfully processed, no modifications or rectifications can be made to the transaction details or challans.
Yes, customers can make Direct Tax payments through any CSFB Branch, as all branches are equipped to accept challan submissions.
GST is payable based on the 'transaction value.' The transaction value refers to the actual price paid or payable for the supply of goods and/or services between unrelated parties. It includes all related expenses such as packaging and commissions.
Taxpayers have multiple payment options, including Online (Net Banking), RTGS/NEFT, and Over the Counter (Branch).
To claim input tax credit, the GST law mandates that the supplier must deposit the GST and file GST returns. In essence, buyers of goods/services need to ensure that all their vendors fulfill their GST payment and return filing obligations to be eligible for input tax credit.
After making an online tax payment using our gateway, a printable acknowledgment containing the Challan Identification number will be provided to you. You can track the status of your e-tax payment by visiting the ‘Challan Status Inquiry’ section on the NSDL e-Gov TIN website after one week from the date of payment.
In India, income tax is an annual direct tax that is mandatory for every individual, firm, or company to pay to the government based on their net annual income. The income tax slab rates follow an incremental model, where higher income earners have to pay more tax. As of March 2021, individuals earning up to INR 2.5 lakh per annum are exempt from paying income tax.