Business EconomyPosted at: Jan 10 2025 7:27PM


IDFC FIRST Bank goes live on direct tax collection system of CBDT

Mumbai, Jan 10 (UNI) IDFC FIRST Bank announced its integration with the Income Tax Portal to collect direct tax on behalf of the Central Board of Direct Taxes (CBDT).
The bank’s customers can now benefit from an intuitive, hassle-free payment experience for paying their direct taxes, with easy access to downloadable challans, easy payments, and instant payment confirmations.
The bank’s customers can use the user-friendly retail and corporate Internet banking platforms of IDFC FIRST Bank or pay the taxes at any IDFC FIRST Bank branch using cash, a check, or a demand draft.
Speaking on the development, Mr. Chinmay Dhoble, Country Head—Retail Liabilities at IDFC FIRST Bank, said, “We are a universal bank and are building a complete suite of products and services to represent universal banking." Payment of income tax and GST were the only two significant services that were lacking in our proposition. We are delighted that with the approval of CBDT, the Government of India, and the RBI, we are now authorised to collect taxes on behalf of CBDT, GOI.
In line with our high-quality internet banking services, we have built customer-friendly interfaces for the ease of our customers. We encourage our customers to use this facility to easily pay their direct taxes through IDFC FIRST Bank’s online and branch channels”.
Steps to Pay Direct Taxes Using IDFC FIRST Bank Internet Banking:
1. Log in to the CBDT portal: https://eportal.incometax.gov.in/iec/foservices/#/login
2. Create a challan and select e-payment via net banking.
3. Choose IDFC FIRST Bank as the payment option.
4. Complete the payment and download the tax paid challan.
Additionally, IDFC FIRST Bank is working with CBDT officials to introduce more payment options, including UPI and card payments.
For more information, please visit www.idfcfirstbank.com.

IDFC FIRST Bank is building a world-class bank in India, guided by four core principles: ethical banking, customer-friendly banking, digital banking, and social good banking.
IDFC FIRST Bank was created by the merger of infrastructure financing giant IDFC Bank and retail financing specialist Capital First in December 2018. Earlier, IDFC Bank launched commercial banking operations in 2016.
UNI XC GNK
Please log in to get detailed story.
Tags: #IDFC FIRST Bank goes live on direct tax collection system of CBDT
More News

UP ranks first in country on highest investment in development and infrastructure

24 Jun 2025 | 5:39 PM

Lucknow, June 24 (UNI) Uttar Pradesh has ranked first in the country for highest investment in development and infrastructure.

see more..

Kottayam-Kochi Rubber Market Rates

24 Jun 2025 | 5:16 PM

Kottayam, June 24 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here on Tuesday per quintal
KOTTAYAM
RSS FOUR: 20050
RSS FIVE : 19750
ISNR TWENTY: 17700
SIXTY PERCENT LATEX: 14160
KOCHI
RSS FOUR : 20050
RSS FIVE : 19750
INTERNATIONAL RATES (BANGKOK)
RSS One : 19707
RSS Two : 19549
RSS Three: 19404
RSS Four : 19325
RSS Five : 19207
KUALALUMPUR
SMR TWENTY : 14354 ($165.35)
SIXTY PERCENT LATEX : 12149 ($139.95)
UNI PA BM.

see more..

Capacit'e Infraprojects receives LoI of Rs 621 Cr from Saifee Burhani Upliftment Trust

24 Jun 2025 | 5:14 PM

Mumbai, June 24 (UNI) Capacit'e Infraprojects Limited on Tuesday said that it has received Letter of Intent (LOI) from Saifee Burhani Upliftment Trust (SBUT), for a total contract value of Rs 621 Crore, excluding GST.

see more..

Rupee jumps 78 paise to 85 97 against US dollar

24 Jun 2025 | 4:51 PM

Mumbai, June 24 (UNI) Rupee on Tuesday depreciated by 78 paise to close at 85.97 against the US dollar, on weak dollar demand by bankers and importers as global crude oil prices eased after a ceasefire between Israel and Iran went into effect, reviving risk sentiment, forex trader said
Positive close in the domestic equity market also helped rupee to gain, trader added
The currency opened 64 paise higher at 86.11 against the dollar. It closed the previous session at 86.75
The partially convertible rupee recorded intra-day high and low at 85.91 and 86.27 respectively, dealers added.

see more..
Sensex rises 158 32 points

Sensex rises 158 32 points

24 Jun 2025 | 4:39 PM

Mumbai, June 24 (UNI) BSE Sensex on Tuesday rose by 158.32 points to close at 82,055.11, mirroring cue from Asian peers, amid easing crude oil prices, trader said.

see more..