Tax payers can pay income tax through any bank account

Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said. The decision has been taken following representation from certain domestic and foreign taxpayers, who said they were facing difficulties in complying with the mandatory e-payment of taxes. Earlier, the CBDT had made it mandatory for companies, and businesses and professionals covered under audited results, to electronically pay taxes with effect from April this year. "An assessee can make electronic payment of taxes also from the account of any other person. However, the challan for making such payment must clearly indicate the Permanent Account Number (PAN) of the assessee on whose behalf the payment is made," said a CBDT notification.