Wednesday, August 19, 2009

Now, pay tax via ATMs

"We are offering a service for payment of income tax for Corporation Bank debit card holders through our network of 1,000-plus ATMs in the country from August 18," Corporation Bank's Chairman and Managing Director J M Garg said.
Finance secretary Ashok Chawla on Tuesday launched the first of its kind banking service, where a customer can pay his income tax using an ATM.

The facility has been started by Corporation Bank. The bank's debit card holders would also be able to pay education cess, surcharges and advance tax through ATMs. Initially, at least 10-20 lakh people who have an account in the bank will benefit.

Gradually, in the next one or two years the facility will be provided by all other banks, said S S N Moorthy, chairman of the Central Board of Direct Taxes.
To read more, please, visit The Economic Times

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