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Integration with new tax site completed by Kotak Mahindra Bank

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.

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KEY POINTS:

  • 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

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