Kotak Mahindra Bank completes direct tax payments integration

15 Jul 2022 , 10:55 AM

One of the first private banks to be fully integrated with the new Income Tax department portal is Kotak Mahindra Bank, which has merged with the new e-filing system for taxes.

According to a press statement from the bank, Kotak clients can now pay their direct taxes online through the e-pay tax page of the portal using Kotak Net Banking or by going to a branch.

Following the announcement allowing all banks to engage in government operations, Kotak Bank became the first Scheduled Private Sector Bank to be approved as a partner in tax collecting in October 2021.

With the implementation of the solution, the bank continues to be the industry innovator providing this service in the private banking space.

“With this service, Kotak Bank has become one of the first to offer a direct taxes payment ecosystem across all of our channels,” said Dipak Gupta, Joint Managing Director of Kotak Mahindra Bank. We are constantly coming up with new ideas to improve this experience and make it more convenient and secure for the user.