Excise Duty in India

Excise Duty is a tax levied on the goods manufactured in the country. It is a form of Indirect Tax that is collected by the seller or the intermediary from their consumers and is then paid to the government. The Central Board of Indirect Taxes and Customs (CBIC), functioning under the leadership of the Finance Minister, is the national authority responsible for collecting it.

After the introduction of Goods and Service Tax (GST) in India, almost all the indirect taxes have been subsumed into one tax, that is, GST. Hence, excise duty technically does not exist in India anymore except on few items like liquor and petroleum.

Acts and Rules

Majorly, there are two acts governing the legal framework of Excise Duty:

  • Central Excise Act, 1944: This Act provides all the definitions related to Excise.
  • Central Excise Tariff Act, 1985: The Act defines the rate of the Central Excise Duty and the elaborate schedule of excisable goods.

Types of Excise Duty

The following are the three types of Excise Duty in India:

  1. Basic Excise Duty: The duty imposed on goods classified under the first schedule of the Central Excise Tariff Act, 1985 and under Section 3(1)(a) of the Central Excise Act, 1944. It is levied on all excisable goods in India except Salt.
  2. Additional Excise Duty: This tax levied on few specific goods as a substitute for the sales tax and is charged by the central and state government. Furthermore, it is imposed under Schedule 1 of Section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 and the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978.
  3. Special Excise Duty: This is imposed on special goods under the 2nd Schedule of the Central Excise Tariff Act, 1985.

When is Excise Duty paid?

Rule 4 of the Central Excise (Amendment) Act, 2002 implies that this tax should be levied on manufactured goods and must be paid when the goods in reference are ‘removed’. Moreover, it also says that the removal of goods for sale is not a taxable event but the production of such goods is.

Additionally, rule 8 of the Central Excise (Amendment) Act, 2002 says that the tax must be paid on the 5th of the following month after the goods are removed from the factory or warehouse for sale. Although, if this payment is made through Netbanking, then the deadline is the 6th of the following month. If the payment is for the month of March, it can be made by the 31st.

Who is liable to pay Excise Duty?

As we have already established, excise duty is levied on manufactured goods in the country therefore, the producer of such goods is liable to pay the tax to the government. The following three parties are responsible to pay:

  • The establishment that produced the goods
  • The party that got the goods manufactured by hiring labor
  • The entity that got the goods manufactured by other parties

How to pay Excise Duty?

The payment of the tax can be made through Netbanking by using the official CBIC payment gateway called Electronic Accounting System in Excise and Service Tax (EASIEST).

You can follow the following steps to make the payment through EASIEST:

  1. Visit the NSDL-EASIEST website

    Select option “E-payment (Excise and Service Tax)

  2. Enter the 15 digit Assessee Code allotted by jurisdictional Commissionerate

    Then, validate the Assessee code

  3. Verify the Assessee details as present in the Assessee Code Master

    The type of tax will be automatically selected on the basis of the Assessee Code.

  4. Select the type of duty/ tax to be paid

    Click on the button “Select Accounting Codes for Excise

  5. Select Accounting Codes

    At a time, the assessee can select up to six Accounting codes.

  6. Select appropriate Bank

    Once the data is validated in the NSDL central system, select the assessee’s choice of Bank from the drop-down button.

  7. Confirm the Data entered

    After that, you will be redirected to the Net banking site of the chosen Bank.

  8. Login to Net banking

    Next, make the payment at the Bank site and download the Challan as proof of payment.

  9. Confirm Payment status

    At last, Confirm the e-payment status of EASIEST (NSDL) website by clicking on “Challan Status Enquiry

Difference between Excise and Custom Duty

Excise Duty Custom Duty
  • It is levied on goods produced in India
  • Whereas custom duty is imposed on goods sold in India but were produced in a different country
  •  This is paid by the manufacturer and not the consumer
  • On the other hand, custom duty is paid by the importer of goods

FAQs

What are the consequences of evading Excise Duty?

According to the law, non-payment of duty can lead to a penalty of 25% to 50% of the tax evaded. This would be a substantial amount as the duty itself is a big amount.

Is duty levied by the state government?

No, it is imposed by the Central government except on goods such as narcotics and alcohol.

What are the types of Excise Duties in India?

There are mainly three types: Basic, Special and Additional.

DCB Bank: Net Banking Registration, Login, Reset Password, Download Bank Statement, Tax Payment & e-verify ITR

DCB Bank is an Indian Private sector Scheduled Bank founded in 1930s. It has more than 6 Lakh customers and 347 branches spread across the country. The Government of India has built an infrastructure to collect taxes online via net banking from selected banks such as DCB Bank.

This article will guide you on the following:

How to Register for DCB Bank Net Banking?

Follow the below-mentioned steps to register online for the Retail Net Banking facility of DCB Bank:

  • Step 1: Go to DCB Bank Website
  • Step 2: Under ‘Internet Bank Login‘ click on ‘Personal
  • Step 3: On this page, click on ‘Register for Personal Internet Banking
  • Step 4: Next, enter your DCB Bank Customer ID and Debit Card details and proceed further by clicking on ‘Continue
  • Step 5: Enter the One Time Password (OTP) you received on the registered mobile number
  • Step 6: Now, enter a User ID of your choice, set the Password and click on ‘Create

How to Login to DCB Bank Net Banking?

Once you have registered and activated Net Banking, you can log in to your DCB Bank account using the following steps:

  • Step 1: Go to DCB Bank Website
  • Step 2: Under ‘Internet Bank Login‘ click on ‘Personal
  • Step 3: On this page, enter your User ID, password, select the service you want to avail from the drop-down button and click on ‘Login

How to Reset DCB Bank Net Banking login using Forgot Password?

In case you have forgotten the password to your Net Banking account, you can follow the listed steps to reset it:

  1. Visit the DCB Bank Website

    Navigate to the login page: DCB Bank Personal Internet Banking Portal

  2. Click on Forgot Password

  3. Select the suitable option

  4. Enter the details

    Enter your registered Mobile and E-mail details or Debit Card details as per the option you selected on the previous page

  5. Do the OTP Authentication

    Enter the One Time Password (OTP) received on the registered mobile number

  6. Create New Password

    Create and confirm a new password to login into your Net Banking

How to Download DCB Bank Statement?

  • Step 1: Go to the DCB Bank Personal Internet Banking Portal
  • Step 2: Enter your User ID and password
  • Step 3: Now, in the ‘Take me to‘ the drop-down option, select ‘Account Summary‘ and click on ‘Login
  • Step 4: Next, choose the Date Range, Document Format and proceed to click on ‘Download

How to make Direct Tax Payment through Net Banking Online?

The Income Tax department has built an infrastructure to collect taxes online via net banking/ Debit cards from selected banks. You can pay your direct taxes online using your Bank Account.

  • Step 1: Visit the TIN-NSDL portal and hence, click on Services > e-Payment: Pay Taxes Online
  • Step 2: Select the necessary challan as per your tax liability. Click on Proceed. Select the necessary challan by reading the following:
    • TDS/TCS SectionTax Deducted at Source (TDS) and Tax Collected at Source (TCS) section refers to as:
    • Any tax collected while making any specified payments such as rent, commission, salary, interest, etc.
    • Any tax collected by the seller at the time of sale
    • If you have paid TDS or collected TCS then you need to look for challans under TDS/TCS Section
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
  • Non-TDS/TCS Section- Challans that are not regarding TDS or TCS are found under Non- TDS/TCS Section. Any type of Tax that doesn’t involve TDS or TCS has to be paid by challans mentioned under the Non- TDS/TCS Section.
    • Challan 280 of the Income Tax Department- Challan 280 is a much easy way to pay your advance tax, regular assessment tax, self-assessment tax, Surtax, etc. online in a few simple steps.  
  • Step 3: Enter the required details
    • Type of Tax Applicable
    • Type of Payment
    • Mode of Payment (Net Banking or Debit Card)
    • Select the name of the Bank from a drop-down
    • PAN Number
    • Assessment year
    • Address
    • Email id
    • Phone number

Enter the captcha code and click on Proceed.

  • Step 4: Your challan has been created. Verify the details inserted. Check the Tick box click on Submit to the bank.
  • Step 5: You will be redirected to the DCB Bank portal. Select the type of user and click on the mentioned link.
  • Step 6: Log in to your Account and verify Challan details. Click on Continue.
  • Step 7: Enter the OTP received on the registered mobile number to complete the transaction.
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore

How to e-verify ITR using Net Banking?

The process of filing your Income Tax Return is not complete until you e verify your ITR. E-Verification should happen within 120 days of e-filing your ITR.

Here’s the step-by-step process to e-verify ITR using net banking:

  • Step 2: Subsequently, click on the “View Returns/Forms” option
  • Step 3: Click on the “Returns pending for e-Verification” option
  • Step 4: Next, click on the option to e verify the ITR
  • Step 5: Generate an EVC through Net banking
  • Step 6: Select the DCB Bank option and log in using the net banking credentials
  • Step 7: Click on ‘Income Tax e-Filing’ in the Operating Account Section
  • Step 8: Finally, enter your Account Number & PAN with which you want to e-verify ITR. After this click on the Submit button
  • Step 9: Click on “Login into e-Filing
  • Step 10: You will be redirected to the income tax e-filing portal where a pop-up message will appear. Click on the option to continue

Your ITR is successfully verified and you can download an attachment.

Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore
Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

FAQs

What are the ways to make e-Payment of taxes through DCB Bank?

The facility provides a platform for taxpayers to pay Income Tax payments online. You can use either Net banking login or through your DCB Bank debit card.

For which duration should I download DCB Bank Statement for ITR filing?

You will need your DCB Bank statement for the financial year i.e. from 1st April and ends on 31st March.

What are the documents required from my DCB Bank account to file Income Tax Return?

To file your ITR you will need your Bank Account Statement from your Bank’s Net banking Account for the financial year.

IndusInd Bank: Net Banking Registration, Login, Reset Password, Download Bank Statement, Tax Payment & e-verify ITR

IndusInd Bank, was established in 1994, is an Indian Commercial Bank with over 2,000 branches and 2.5 Crore customer across the country. The Government of India has built an infrastructure to collect taxes online via net banking from selected banks such as IndusInd Bank.

This article will guide you on the following:

How to Register for IndusInd Bank Net Banking?

Registration for IndusInd Bank Net Banking can be done offline as well as through online procedures. Correspondingly, follow the below-mentioned steps to register online for the Retail Net Banking facility of IndusInd Bank:

  • Step 1: Go to IndusInd Bank Website
  • Step 2: Hover your cursor over the ‘Login‘ button and from the drop-down menu click on ‘Personal‘ and then on ‘Register
  • Step 3: On this page, go through the note mentioned at the bottom on the page and select ‘View and Transact
  • Step 4: Enter your IndusInd Bank Account Number, Debit Card details and the captcha code and click on ‘ Submit
  • Step 5:  Enter the One Time Password (OTP) you received on the registered mobile number and click on ‘Confirm
  • Step 6: To proceed further, set a User ID and Password of your choice while keeping in mind the instructions mentioned on the screen
  • Step 7: Lastly, select Security Questions and enter the answers to complete the procedure

How to Login to IndusInd Bank Net Banking?

  • Step 1: Go to IndusInd Bank Website
  • Step 2: Hover your cursor over the ‘Login‘ button and from the drop-down menu click on ‘Personal‘ and then on ‘Login
  • Step 3: Now on this page, enter your User ID, Password and the service that you need to Login

How to Reset IndusInd Bank Net Banking login using Forgot Password?

In case you have forgotten the password to your Net Banking account, you can follow the listed steps to reset it:

  1. Visit the IndusInd Bank Website

    Navigate to the login page: IndusInd IndusNet Login

  2. Click on Forgot Password

  3. Enter User ID

  4. Do the OTP Authentication

    Enter the One Time Password (OTP) received on the registered mobile number

  5. Create New Password

    Create and confirm a new password to login into your IndusInd Bank Net Banking

How to Download IndusInd Bank Statement?

  • Step 1: Login to your IndusInd IndusNet Login
  • Step 2: Go to My Account > Account Summary > Account Statements
  • Step 3: Select the relevant Date Range that you want the statement for
  • Step 4: Choose an appropriate document format and click on ‘Download

How to make Direct Tax Payment through Net Banking Online?

The Income Tax department has built an incredible infrastructure to collect taxes online via net banking/ Debit cards from selected banks. You can pay your direct taxes online using your Bank Account.

  • Step 1: Visit the TIN-NSDL portal and hence, click on Services > e-Payment: Pay Taxes Online
  • Step 2: Select the necessary challan as per your tax liability. Click on Proceed. Select the necessary challan by reading the following:
    • TDS/TCS SectionTax Deducted at Source (TDS) and Tax Collected at Source (TCS) section refers to as:
    • Any tax collected while making any specified payments such as rent, commission, salary, interest, etc.
    • Any tax collected by the seller at the time of sale
    • If you have paid TDS or collected TCS then you need to look for challans under TDS/TCS Section
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
  • Non-TDS/TCS Section- Challans that are not regarding TDS or TCS are found under Non- TDS/TCS Section. Any type of Tax that doesn’t involve TDS or TCS has to be paid by challans mentioned under the Non- TDS/TCS Section.
    • Challan 280 of the Income Tax Department- Challan 280 is a much easy way to pay your advance tax, regular assessment tax, self-assessment tax, Surtax, etc. online in a few simple steps.  
  • Step 3: Enter the required details
    • Type of Tax Applicable
    • Type of Payment
    • Mode of Payment (Net Banking or Debit Card)
    • Select the name of the Bank from a drop-down
    • PAN Number
    • Assessment year
    • Address
    • Email id
    • Phone number

Enter the captcha code and click on Proceed.

  • Step 4: Your challan has been created. Verify the details inserted. Check the Tick box click on Submit to the bank.
  • Step 5: You will be redirected to the IndusInd Bank portal. Select the type of user and click on the mentioned link.
  • Step 6: Log in to your Account and verify Challan details. Click on Continue.
  • Step 7: Enter the OTP received on the registered mobile number to complete the transaction.
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore

How to e-verify ITR using Net Banking?

The process of filing your Income Tax Return is not complete until you e verify your ITR. E-Verification should happen within 120 days of e-filing your ITR.

Here’s the step-by-step process to e-verify ITR using net banking:

  • Step 2: Subsequently, click on the “View Returns/Forms” option
  • Step 3: Click on the “Returns pending for e-Verification” option
  • Step 4: Next, click on the option to e verify the ITR
  • Step 5: Generate an EVC through Net banking
  • Step 6: Select the IndusInd Bank Bank option and log in using the net banking credentials
  • Step 7: Click on ‘Income Tax e-Filing’ in the Operating Account Section
  • Step 8: Finally, enter your Account Number & PAN with which you want to e-verify ITR. After this click on the Submit button
  • Step 9: Click on “Login into e-Filing
  • Step 10: You will be redirected to the income tax e-filing portal where a pop-up message will appear. Click on the option to continue

Your ITR is successfully verified and you can download an attachment.

Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore
Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

FAQs

What are the ways to make e-Payment of taxes through IndusInd Bank?

The facility provides a platform for taxpayers to pay Income Tax payments online. You can use either Net banking login or through your IndusInd Bank debit card.

What are the documents required from my IndusInd Bank account to file Income Tax Return?

To file your ITR you will need your Bank Account Statement the bank’s Net banking Account for the financial year.

For which duration should I download IndusInd Bank Statement for ITR filing?

You will need your bank statement for the financial year i.e. from 1st April and ends on 31st March.

Federal Bank: Net Banking Registration, Login, Reset Password, Download Bank Statement, Tax Payment & e-verify ITR

Federal Bank is one of the most prominent private sector banks with a presence across the country. The Government of India has built an infrastructure to collect taxes online via net banking from selected banks such as Federal Bank.

This article will guide you on the following:

How to Register for Federal Bank Net Banking?

Registration for Federal Bank Net Banking can be done offline as well as through online procedures. Correspondingly, follow the below-mentioned steps to register online for the Retail Net Banking facility of Federal Bank:

  • Step 3: Go through the instructions on the screen and proceed to the ‘Click here to Register Online‘ button
  • Step 4: Thereafter, enter your Federal Bank Account Number and the verification code to continue
  • Step 5: Enter the One Time Password (OTP) you received on the registered mobile number and click on ‘Validate OTP’
  • Step 6: To proceed further, enter a User ID of your choice while keeping in mind the instructions mentioned on the screen and check its availability.
  • Step 7: Lastly, by keeping the password policy mentioned on the screen in mind, create and enter a password of your preference.

How to Login to Federal Bank Net Banking?

Once you have effectively registered and activated Net Banking, you can log in to your Federal Bank account using the following steps:

  1. Visit Federal Bank Net Banking Portal
  2. On this page, select ‘Personal Banking
  3. Read the Personal Banking security checks and click on ‘Continue to Login
  4. Now, enter your User ID, Password and the Verification Captcha Code to Login

How to Reset Federal Bank Net Banking login using Forgot Password?

In case you have forgotten the password to your Net Banking account, you can follow the listed steps to reset it:

  1. Visit the Federal Bank Net Banking Portal

    Navigate to the login page: Federal Bank Portal

  2. Click on Forgot Password

  3. Enter ATM Card details

    Enter your User ID and ATM Card details and click on ‘Continue’. In case you don’t have a Federal Bank ATM Card, you can reset your password through OTP verification on the registered mobile number and email ID by selecting ‘Click Here’

  4. Do the OTP Authentication

    Enter the One Time Password (OTP) received on the registered mobile number

  5. Create New Password

    Create and confirm a new password to login into your Federal Bank Net Banking

How to Download Federal Bank Statement?

  • Step 1: Go to Federal Bank Website
  • Step 2: Scroll down to footnotes, under ‘Useful Links’ click on ‘Download Certificates/ Statements’
  • Step 3: Now, enter your 14-digit Account Number and click on ‘Continue’
  • Step 4: Enter the OTP received on the registered mobile number and the Captcha Code to proceed
  • Step 5: At this step, choose the required statement that you want to download along with the Date Range
  • Step 6: From the drop-down button, select the appropriate document format and click on ‘Download’
Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
Explore
Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
Explore

How to make Direct Tax Payment through Net Banking Online?

The Income Tax department has built an infrastructure to collect taxes online via net banking/ Debit cards from selected banks. You can pay your direct taxes online using your Bank Account.

  • Step 1: Visit the TIN-NSDL portal and hence, click on Services > e-Payment: Pay Taxes Online
  • Step 2: Select the necessary challan as per your tax liability. Click on Proceed. Select the necessary challan by reading the following:
    • TDS/TCS SectionTax Deducted at Source (TDS) and Tax Collected at Source (TCS) section refers to as:
    • Any tax collected while making any specified payments such as rent, commission, salary, interest, etc.
    • Any tax collected by the seller at the time of sale
    • If you have paid TDS or collected TCS then you need to look for challans under TDS/TCS Section
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
Explore
  • Non-TDS/TCS Section- Challans that are not regarding TDS or TCS are found under Non- TDS/TCS Section. Any type of Tax that doesn’t involve TDS or TCS has to be paid by challans mentioned under the Non- TDS/TCS Section.
    • Challan 280 of the Income Tax Department- Challan 280 is a much easy way to pay your advance tax, regular assessment tax, self-assessment tax, Surtax, etc. online in a few simple steps.  
  • Step 3: Enter the required details
    • Type of Tax Applicable
    • Type of Payment
    • Mode of Payment (Net Banking or Debit Card)
    • Select the name of the Bank from a drop-down
    • PAN Number
    • Assessment year
    • Address
    • Email id
    • Phone number

Enter the captcha code and click on Proceed.

  • Step 4: Your challan has been created. Verify the details inserted. Check the Tick box click on Submit to the bank.
  • Step 5: You will be redirected to the Federal Bank portal. Select the type of user and click on the mentioned link.
  • Step 6: Log in to your Account and verify Challan details. Click on Continue.
  • Step 7: Enter the OTP received on the registered mobile number to complete the transaction.
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
Explore

How to e-verify ITR using Net Banking?

The process of filing your Income Tax Return is not complete until you e verify your ITR. E-Verification should happen within 120 days of e-filing your ITR.

Here’s the step-by-step process to e-verify ITR using net banking:

  • Step 2: Subsequently, click on the “View Returns/Forms” option
  • Step 3: Click on the “Returns pending for e-Verification” option
  • Step 4: Next, click on the option to e verify the ITR
  • Step 5: Generate an EVC through Net banking
  • Step 6: Select the Federal Bank option and log in using the net banking credentials
  • Step 7: Click on ‘Income Tax e-Filing’ in the Operating Account Section
  • Step 8: Finally, enter your Account Number & PAN with which you want to e-verify ITR. After this click on the Submit button
  • Step 9: Click on “Login into e-Filing
  • Step 10: You will be redirected to the income tax e-filing portal where a pop-up message will appear. Click on the option to continue

Your ITR is successfully verified and you can download an attachment.

Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore
Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
Explore

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

FAQs

What are the documents required from my Federal Bank account to file Income Tax Return?

To file your ITR you will need your Bank Account Statement from your Bank’s Net banking Account for the financial year.

What are the ways to make e-Payment of taxes through Federal Bank?

The facility provides a platform for taxpayers to pay Income Tax payments online. You can use either Net banking login or through your Federal Bank debit card.

For which duration should I download Federal Bank Statement for ITR filing?

You will need your Federal Bank statement for the financial year i.e. from 1st April and ends on 31st March.

Bandhan Bank: Net Banking Registration, Login, Reset Password, Download Bank Statement, Tax Payment & e-verify ITR

The Government of India has built an infrastructure to collect taxes online via net banking from selected banks such as Bandhan Bank.

This article will guide you on the following:

How to Register for Bandhan Bank Net Banking?

Registration for Bandhan Bank Net Banking can be done offline as well as through online procedures. Correspondingly, follow the below-mentioned steps to register online for the Retail Net Banking facility of Bandhan Bank:

  • Step 3: Now, click on ‘Internet Banking
  • Step 4: Thereafter, go to ‘Continue to Login
  • Step 5: As you are a first-time user, click on ‘New User Sign Up
  • Step 6: To proceed further, you require a Mobile Number registered with Bandhan bank as well as the Debit card provided against your account with the bank. If you have those two, please agree with the Terms and conditions and click on ‘Submit‘.
  • Step 7: On this page, you may select from the two options the detail that you have on hand to move to the next step.
  • Step 8: In the next step, fill in the Debit Card/ Reference Number details along with your Customer Identification File Number (CIF) that you must have received from the bank.
  • Step 9: You will now receive an OTP on your registered mobile number
  • Step 10: After the OTP Authentication, you will be able to create a User ID and password for Net Banking.
  • Step 11: You are all set up! You will receive a confirmation of registration on your screen.

How to Login to Bandhan Bank Net Banking?

Once you have effectively registered and activated Net Banking, you can log in to your Bandhan Bank account using the following steps:

  • Step 1: Visit Bandhan Bank Net Banking Portal
  • Step 2: Enter your User ID and password to Login
  • Step 3: Further, go through the User information and click on ‘Proceed
  • Step 4: Select a Login image from the many images given and enter a login text suitable to you
  • Step 5: Lastly, you will receive the account activation confirmation on your screen

How to Reset Bandhan Bank Net Banking login using Forgot Password?

In case you have forgotten the password to your Net Banking account, you can follow the listed steps to reset it:

  1. Visit the Bandhan Bank Net Banking Portal

    Navigate to the login page: Bandhan Bank

  2. Fill in Login Details

    Enter your User ID and click on ‘Continue to Login

  3. Click on Forgot Password

  4. Select relevant option

    You can either select your Bandhan Bank Debit card or Reference Number to reset the password

  5. Enter the details

    Add the Debit card/ Reference number details then click on ‘Continue

  6. Do the OTP Authentication

    Enter the One Time Password (OTP) received on the registered mobile number

  7. Create New Password

    Create and confirm a new password to login into your Bandhan Bank Net Banking

How to Download Bandhan Bank Statement?

  • Step 1: Go to Bandhan Bank Net Banking
  • Step 2: Log in with your credentials
  • Step 3: Now, go to ‘My Account‘ and click on ‘Account Statement
  • Step 4: Select the Account Type and Number
  • Step 5: At this step, choose the required date range
  • Step 6: From the drop-down button, select the appropriate document format and click on ‘Download
Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
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Income Tax Calculator
Calculate income tax liability for FY 2020-21. Compare tax liability as per New vs Old Tax Regime.
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How to make Direct Tax Payment through Bandhan Bank Net Banking Online?

The Income Tax department has built an infrastructure to collect taxes online via net banking/ Debit cards from selected banks. You can pay your direct taxes online using your Bank Account by following these steps:

  • Step 1: Visit the TIN-NSDL portal and hence, click on Services > e-Payment: Pay Taxes Online
  • Step 2: Select the necessary challan as per your tax liability. Click on Proceed. Select the necessary challan by reading the following:
    • TDS/TCS SectionTax Deducted at Source (TDS) and Tax Collected at Source (TCS) section refers to as:
    • Any tax collected while making any specified payments such as rent, commission, salary, interest, etc.
    • Any tax collected by the seller at the time of sale
    • If you have paid TDS or collected TCS then you need to look for challans under TDS/TCS Section
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
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TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
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  • Non-TDS/TCS Section- Challans that are not regarding TDS or TCS are found under Non- TDS/TCS Section. Any type of Tax that doesn’t involve TDS or TCS has to be paid by challans mentioned under the Non- TDS/TCS Section.
    • Challan 280 of the Income Tax Department- Challan 280 is a much easy way to pay your advance tax, regular assessment tax, self-assessment tax, Surtax, etc. online in a few simple steps.  
  • Step 3: Enter the required details
    • Type of Tax Applicable
    • Type of Payment
    • Mode of Payment (Net Banking or Debit Card)
    • Select the name of the Bank from a drop-down
    • PAN Number
    • Assessment year
    • Address
    • Email id
    • Phone number

Enter the captcha code and click on Proceed.

  • Step 4: Your challan has been created. Verify the details inserted. Check the Tick box click on Submit to the bank.
  • Step 5: You will be redirected to the Bandhan Bank portal. Select the type of user and click on the mentioned link.
  • Step 6: Log in to your Account and verify Challan details. Click on Continue.
  • Step 7: Enter the OTP received on the registered mobile number to complete the transaction.
Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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How to e-verify ITR using Bandhan Bank Net Banking?

The process of filing your Income Tax Return is not complete until you e verify your ITR. E-Verification should happen within 120 days of e-filing your ITR.

Here’s the step-by-step process to e-verify ITR using net banking:

  • Step 2: Subsequently, click on the “View Returns/Forms” option
  • Step 3: Click on the “Returns pending for e-Verification” option
  • Step 4: Next, click on the option to e verify the ITR
  • Step 5: Generate an EVC through Net banking
  • Step 6: Select the Bandhan Bank option and log in using the net banking credentials
  • Step 7: Click on ‘Income Tax e-Filing’ in the Operating Account Section
  • Step 8: Finally, enter your Account Number & PAN with which you want to e verify ITR. After this click on the Submit button
  • Step 9: Click on “Login into e-Filing
  • Step 10: You will be redirected to the income tax e-filing portal where a pop-up message will appear. Click on the option to continue

Your ITR is successfully verified and you can download an attachment.

Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
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Check Income Tax Refund Status
Track Income Tax Refund online using PAN. The Income Tax Department issues the refund once the ITR is processed. Check your ITR refund status.
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File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

File Your Tax Return

On Time , Online on Quicko.com

Open Your Account Today

FAQs

For which duration should I download Bandhan Bank Statement for ITR filing?

You will need your Bandhan Bank statement for the financial year i.e. from 1st April and ends on 31st March.

What are the documents required from my Bandhan Bank account to file Income Tax Return?

To file your ITR you will need your Bank Account Statement from your Bank’s Net banking Account for the financial year.

What are the ways to make e-Payment of taxes through Bandhan Bank?

The facility provides a platform for taxpayers to pay Income Tax payments online. You can use either Net banking login or through your Bandhan Bank debit card.

RBL Bank Fixed Deposit (FD) Interest Rate

RBL Bank is one of the India’s fastest growing private sector bank. Founded in 1943, they provide various personal, business and wholesale banking products and services. Fixed deposits are a popular investment product as they provide tax benefit under section 80C of the Income Tax Act. In this article we will discuss RBL Bank Fixed Deposit interest rates.

RBL Bank Fixed Deposit Interest Rates

The following are the RBL Bank fixed deposit interest rate for deposits of up to 3 crores for General and Senior Citizens:

Tenure Interest Rates for General Citizens Interest Rates for Senior Citizens
7 days to 14 days 3.25% 3.75%
15 days to 45 days 4.00% 4.50%
46 days to 90 days 4.75% 5.25%
91 days to 180 days 5.25% 5.75%
181 days to 240 days 5.75% 6.25%
241 days to 364 days 5.75% 6.25%
12 months to less than 24 months 6.50% 7.00%
24 months to less than 36 months 6.50% 7.00%
36 months to 36 Months 1 Day 6.75% 7.25%
36 months 2 Days to less than 60 months 6.25% 6.75%
60 months to less than 120 months 6.25% 6.75%
120 months to 240 months 6.25% 6.75%
Tax Savings Fixed Deposit (60 months to less than 120 months) 6.25% 6.75%

As we can can see from the above table, senior citizens enjoy 0.5% more interest than general citizens on RBL Bank fixed deposit.

Premature Withdrawals of RBL Bank Fixed Deposit

Category of the deposits Penalty on premature withdrawal of the deposit
Fixed deposit of senior citizens NIL
Fixed deposit of general citizens 1%

Tax Benefit on RBL Bank Fixed Deposit

Tax Deducted at Source under section 194A is deducted at the rate of 10% on the RBL Bank FD interest if the total interest income during the financial year exceeds INR 40,000. On the other hand, this limit is INR 50,000 for senior citizens.

To claim exemption from TDS, FD holders may declare that the tax on total income earned is zero by submitting Form 15H for senior citizens and Form 15G for other taxpayers.

Eligibility Criteria to open RBL Bank FD

The following are eligible to open a Fixed Deposit account with RBL Bank:

Documents required to open RBL Bank FD

Investors need to submit the following documents to open a FD Account with the RBL Bank:

  • Identity Proof
    • Aadhar Card
    • PAN Card
    • Passport
    • Driving License
    • Election Card
  • Residential Proof
    • Telephone Bill
    • Electricity Bill
    • Passport
  • Income Proof
    • ITR-V – Income Tax Return Acknowledgment
    • Form 16 from employer
    • Salary Slip/Certificate
    • Bank Statement
    • Job card issued by NREGA
  • Passport-sized Photograph

FAQs

Can a NRI invest in RBL Bank FD scheme?

Yes, they can. The same interest rates as mentioned in the article above will be applicable however, minimum tenure for them will be 1 year.

Can I invest more than 3 cr. in RBL Bank FD?

Yes, you can. However, you will have to connect with your nearest RBL Bank branch for the same.

What is the maximum amount I can invest in RBL Bank Tax Savings Fixed Deposit?

A maximum amount of INR 150,000 can be invested in 5-year Tax Saving FD scheme.

Bank of India Fixed Deposit (FD) Interest Rates

Bank of India (BOI) is an Indian commercial bank founded in 1906 and nationalized in 1969. They have over 3 lakh employees and are focused on blending traditional values and ethics with modern infrastructure.

Bank of India Fixed Deposit Interest Rates

The following are Bank of India FD interest rates for various tenures:

Tenure Interest rates for amount <INR 2 Cr. Interest rates for amount >INR 2 Cr. to <INR 10 Cr. Interest rates for amount INR 10 Cr. and above
7 to 14 days 3.25% 3.00% 2.75%
15 to 30 days 3.25% 3.00% 2.75%
31 to 45 days 3.25% 3.00% 2.75%
46 to 90 days 4.25% 3.20% 2.75%
91 to 179 days 4.25% 3.25% 2.75%
180 days to 269 days 4.75% 3.25% 2.90%
270 days to less than 1 year 4.75% 3.25% 2.90%
1 Year & above but less than 2 Yrs 5.25% 3.50% 3.00%
2 years & above to less than 3 years 5.30% 3.50% 3.00%
3 years & above to less than 5 years 5.30% 3.50% 3.00%
5 years & above to less than 8 years 5.30% 3.50% 3.00%
8 years & above to 10 years 5.30% 3.50% 3.00%

Bank of India offers 0.50% higher FD interest rates for senior citizens than for the general citizens for minimum deposit of INR 5000. 

Premature Withdrawals of Bank of India Fixed Deposit

Bank of India provides the facility of premature withdrawals but they charge the following penalty for the same:

Category of the deposits Penalty on premature withdrawal of the deposit
Deposits less than INR 5 Lacs withdrawn on or after completion of 12 months
NIL
Deposits less than INR 5 Lacs withdrawn prematurely before completion of 12 months 0.50%
Deposits of INR 5 Lacs & above withdrawn prematurely 1.00%

Tax Benefit on Bank of India Fixed Deposit

Not only do Fixed Deposits provide good returns on savings but it also provides tax benefit by reducing tax liability under section 80C of the Income Tax Act.

Tax Deducted at Source under section 194A is deducted at the rate of 10% on the Bank of India FD interest if the total interest income during the financial year exceeds INR 40,000. On the other hand, this limit is INR 50,000 for senior citizens.

To claim exemption from TDS, FD holders may declare that the tax on total income earned is zero by submitting form 15H for senior citizens and Form 15G for other taxpayers.

Eligibility to open Bank of India FD Account

Term Deposit accounts may be opened in the names of the following

  • Residential Individual
  • Two or more individuals – Joint FD Account
  • Sole Proprietary Company
  • Partnership Firms
  • Blind Persons
  • Minors with adult co-signatories
  • Limited Companies
  • Associations, Clubs and Societies
  • Trusts
  • Hindu Undivided Family
  • Municipality
  • Government and Quasi-Government Bodies
  • Religious, Educational and Charitable Institutions

Documents required to open a Bank of India FD Account.

Investors need to submit the following documents to open a FD Account with the Bank of India:

  • Identity Proof
    • Aadhar Card
    • PAN Card
    • Passport
    • Driving License
    • Election Card
  • Residential Proof
    • Telephone Bill
    • Electricity Bill
    • Passport
  • Income Proof
    • ITR-V – Income Tax Return Acknowledgment
    • Form 16 from employer
    • Salary Slip/Certificate
    • Bank Statement
    • Job card issued by NREGA
  • Passport-sized Photograph

FAQs

Can NRIs invest in Bank of India Fixed Deposit scheme?

Yes, they can invest through their NRO or NRE bank accounts.

When does Bank of India pay interest accrued in Fixed Deposit?

Bank of India pays interest half yearly on 1st October and 1st April. In case, these dates fall on holidays then the interest is paid on the next working day.

What is the maximum amount and tenure for Bank of India fixed deposit scheme?

An investor can invest up to INR 10 Cr. in Bank of India fixed deposit scheme for a maximum of 10 years.

Central Bank of India Fixed Deposit (FD) Interest Rates

Central Bank of India is a public sector banking institution which is one of the oldest and largest commercial banks in India. They have pan India presence with 63% of the branches in rural and semi-urban areas. They offer wide range of products and services. We will be discussing Central Bank of India Fixed Deposit (FD) interest rates in this article.

Central Bank of India FD Rates

Central Bank of India offers different interest rates for fixed deposit of less than INR 2 Cr. and fixed deposit of between INR 2 Cr. and INR 10 Cr.

Tenure Interest rates for amount <INR 2 Cr. Interest rates for amount >INR 2 Cr. to <INR 10 Cr.
7 to 14 days 2.75% 2.75%
15 to 30 days 2.90% 2.75%
31 to 45 days 2.90% 2.75%
46 to 59 days 3.25% 2.75%
60 to 90 days 3.25% 2.75%
91 to 179 days 3.90% 2.75%
180 to 270 days 4.25% 3.00%
271 to 364 days 4.25% 3.25%
1 year to less than 2 years 4.90% 3.50%
2 years to less than 3 years 5.00% 3.50%
3 years to less than 5 years 5.10% 3.50%
5 years to less than 10 years 5.10% 3.50%

Remarkable features of Central Bank of India Fixed Deposit

Central Bank Fixed Deposit holders can avail the following the benefits:

  • A wide range of tenure from 7 days to 10 years available
  • The minimum deposit amount to open a Central Bank of India FD is only INR 100
  • A nomination facility is provided by the bank so the FD holder can nominate their family members or spouse to collect the maturity amount
  • Central Bank of India Fixed Deposit investors can customize interest payments like Monthly/Quarterly and reinvestment of interest as per their need
  • Central Bank FD holders can also avail auto-renewal facility on their deposits
  • Loan of up to 90% of the FD’s principal and accrued interest can be availed by the Central Bank Fixed Deposit holders.

Premature Withdrawals of Central Bank of India Fixed Deposit

Payment before maturity will be available as per the following rules:

  • Premature withdrawal of fixed deposit up to INR 5 Lakhs: No Penalty
  • Premature withdrawal of fixed deposit of more than INR 5 Lakhs: Interest Penalty at 1% will be charged

Tax Benefit on Central Bank of India Fixed Deposit

Not only do Fixed Deposits provide good returns on savings but it also provides tax benefit by reducing tax liability under Section 80C of the Income Tax Act.

Tax Deducted at Source under Section 194A is deducted at the rate of 10% on the Central Bank of India FD interest if the total interest income during the financial year exceeds INR 40,000. On the other hand, this limit is INR 50,000 for senior citizens.

To claim exemption from TDS, FD holders may declare that the tax on total income earned is zero by submitting Form 15H for senior citizens and Form 15G for other taxpayers.

Eligibility Criteria to open Central Bank of India FD Account

The following are eligible to open a Fixed Deposit account with Central Bank of India.

Documents required to open a Central Bank of India FD Account

Investors need to submit the following documents to open a FD Account with the Central Bank of India:

  • Identity Proof
    • Aadhar Card
    • PAN Card
    • Passport
    • Driving License
    • Election Card
  • Residential Proof
    • Telephone Bill
    • Electricity Bill
    • Passport
  • Income Proof
    • ITR-V – Income Tax Return Acknowledgment
    • Form 16 from employer
    • Salary Slip/Certificate
    • Bank Statement
    • Job card issued by NREGA
  • Passport-sized Photograph

FAQs

What does reinvestment or cumulative interest mean in Fixed Deposit?

Interest is compounded quarterly and reinvested with the principal amount in reinvestment or cumulative interest plans.

How can I get my Central Bank of India FD certificate?

You will have to visit your nearest Central Bank of India branch to obtain the Fixed Deposit certificate. It cannot be availed online.

What is the minimum tenure for a Tax saving deposit with Central Bank of India?

A fixed term of 5 years is required in the Tax saving fixed deposit scheme.