Tax Payment facility through our Bank
How to pay online?
City Union Bank offers its retail and corporate customers a safe and secure way to make their income & other direct tax payment. City Union Bank’s online tax payment facility allows you to pay your income tax, corporation tax, wealth tax, tax deducted at source (TDS), tax collected at source (TCS), etc. through Internet Banking. The advantages of online tax payment include ease of payment, service availability on a 24*7*365 basis, no requirement for submitting physical challan by the taxpayer and immediate acknowledgement of payment in the form of cyber receipt.
Refer the below table for direct tax:
| Type Of Tax | Locations | Type of taxes that can be paid |
|---|---|---|
| Direct Tax | All India | Tax deducted at Source (TDS) Tax Collected at Source (TCS) Income Tax Corporation Tax Wealth Tax Dividend Distribution Tax Security Transaction Tax Hotel Receipts Tax Estate Duty Interest Tax Expenditure Tax / Other direct taxes and Gift Tax, Fringe Benefits Tax Banking Cash Transaction Tax |
Income Tax Payment facility through our Bank
Our bank facilitates Payments through both offline and online mode for Income Tax Payment. Following are the modes through which customers can pay their Income Tax payment
E-Payment (Online)
Over The Counter at Branches (Offline)
E-Payment:
- This mode allows the customer to pay their Income Tax payment through our online channel (retail and corporate net banking). Here the journey starts from Income Tax Portal and ends at Income Tax portal. Payment receipt is instantly generated.
- Customer to generate the challan (CRN) in Income Tax portal, www.incometax.gov.in/iec/foportal
- Input the Tax details,PAN..etc
- Select payment mode as ‘E-Payment’
- Choose “City Union Bank” and would be redirected to our Netbanking login.
- Login to Netbanking using their credentials, choose the account, authenticate using password and second factor authentication (MFA)
- On successful submission would be redirected to Income Tax portal
- Receipt can be downloaded from Income Tax portal instantly
- Customer E-Payment Online steps
The e-payment process is briefed as below :
Over The Counter OTC:
This mode allows the customer to pay their Income Tax payment through our branches. Here the journey starts from Income Tax Portal and ends at the Branch. There are three modes of payments allowed at branches.
- CASH
- CHEQUE
- DD
- Over The Counter(OTC) manual steps
For the above modes of payment, customer walk-in to the branches with their challan. Payment needs to be processed based on the challan mode (Cash / Cheque or DD). Receipts can be instantly generated for Own bank cheque and Cash mode. For DD and other bank Cheque, receipt will be generated subject to realization of the instrument
Maximum limit for any of the mode of payment is Rs.10,000/- per challan
