look news india
The deadline for filing income tax returns for the financial year 2023-24 and assessment year 2024-25 is approaching. You can file returns till 31 July 2024 without any penalty. Taxpayers can easily file income tax returns on the income tax portal without any hassle. If you also have to pay tax while filing ITR, then you can use credit card for this.
There are many benefits of paying tax through credit card.
Taxpayers can also pay their taxes through credit card (Income Tax Through Credit Card). The Income Tax Department has started this facility for the convenience of taxpayers. In this, you do not have to face problems in bank transfer or cash transaction. Through this, you get the message of payment confirmation immediately. Usually it takes more time through check or bank transfer. Also, taxpayers can also get the benefit of reward points on the card on tax payment through credit card. If you also want to pay tax through credit card, then we are telling you its step by step process.
This is how you can pay tax through credit card
1. After filing ITR on the income tax portal, first you have to create a challan for tax payment. This document will contain the tax amount payable and the serial number of the challan.
2. After this, you will have to choose the option of 'Pay Tax'. You will see many options for tax payment on the income tax portal. This also includes the option of paying by credit card.
3. After this enter the challan details.
4. In this, the credit card payment option has to be selected.
5. After this, credit card related details like card number, expiry date and CVV code have to be entered.
6. After this, you will receive a confirmation message upon making payment via credit card.
Keep these things in mind while paying tax through credit card
Before paying tax, get information about the credit card fees. Along with this, the interest charged on credit card is also very high. In such a situation, keep in mind that after paying the tax, you can easily pay that bill. Otherwise, later you may have to pay higher interest rate and penalty.
