Now, pay income tax at an ATM

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No forms, no queues. Just go to your ATM and pay your income tax. The government on Thursday launched the new facility for tax payment and said it was to begin with open only to Union Bank of India customers but will be extended to other banks.

Here's how it will work. The bank's debit cards holders will register on the lender's website. This site is in turn linked to the National Securities Depositories Ltd which will help validate the permanent account number (PAN) of individuals and the Tax Deduction Account Number (TAN) provided to taxpayers.

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Excellent mode of paying tax. Will definitely reduce time to a great extent.

read more at

http://timesofindia.indiatimes.com/business/india-business/Now-you-can-pay-income-tax-at-an-ATM/articleshow/7840831.cms
This is a welcome step. Similar facility should be extended for paying central excise, customs, service tax and VAT. This will reduce queues in banks.
It is a good step.Similarly the tax return should also be made easy.

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A

Abhishek Dua

@abhishekdua

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Created Friday, 01 April 2011 08:08
Last Updated Tuesday, 30 November -0001 00:00
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