As one of the first private banks to be fully connected with the new portal, Kotak Mahindra Bank has announced the completion of its technical integration with the new income tax e-filing system. According to a statement from the lender, Kotak Mahindra Bank clients can now pay their direct taxes online through the e-pay tax page of the portal using Kotak net banking or in person at a branch. For its clients, this will make the tax payment procedure quick, easy, and convenient.
- Following the ruling allowing all banks to engage in government operations, Kotak Mahindra Bank claimed to have become the first scheduled private sector bank to be approved as a partner in tax collecting in October 2021.
- They are quite proud of our personnel for having quickly integrated the comprehensive tax payment solution into our banking systems.
- With the addition of this capability, Kotak Bank joins the pioneers in providing an ecosystem for direct tax payments through all of our channels.
Important Takeaways For All Competitive Exams:
- Joint managing director, Kotak Mahindra Bank: Dipak Gupta