·IndusInd Bank has been authorized for collection of Direct Taxes Under its Agency Bank Licence
·Direct taxes to be collected to include Income tax, advance tax, TDS and all other direct taxes that fall under the purview of CBDT
Mumbai, March 23, 2023: IndusInd Bank today announced that it is now integrated with the lncome Tax Department’s recently launched tax payment platform “TIN2.0”. The Bank was appointed as an Agency Bank by the Reserve Bank of India and under this licence, IndusInd Bank customers can now pay their Direct Taxes in a fast, seamless and convenient manner through the Bank’s Retail or Corporate Net Banking platform or at any IndusInd Bank branch using Cash, Cheque or Demand Draft.
Speaking on the development, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank, said, “We take immense pride in commencing operations as an Agency Bank for the Central Board of Direct Taxes. This is yet another addition to IndusInd Bank’s product suite comprising innovative solutions powered by cutting edge digital capabilities. We are confident of being a ‘partner of choice’ for the Government and our customers alike and we stay committed to providing a superior experience as India’s most convenient Bank.”
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