MUMBAI: Kotak Mahindra Financial institution has introduced the completion of its technical integration with the brand new revenue tax e-filing portal, a transfer that the financial institution mentioned makes it one of many first personal banks to be absolutely built-in with the brand new portal.
In a press release the lender mentioned clients of Kotak Mahindra Financial institution–individuals in addition to corporates–can now pay their direct taxes by means of the e-pay tax tab on the portal utilizing Kotak web banking or by visiting a department. This can make the tax cost course of easy, instantaneous and handy for its clients, it mentioned.
In October 2021, Kotak Mahindra Financial institution had mentioned it turned the primary scheduled personal sector financial institution to obtain approval as a collections associate for taxes, after the announcement to allow all banks to take part in authorities enterprise.
Dipak Gupta, joint managing director, Kotak Mahindra Financial institution, mentioned, “We’re immensely pleased with our groups for incorporating the holistic tax cost answer into our banking methods in a short while. With this facility, Kotak Financial institution turns into one of many first to supply a direct taxes cost ecosystem throughout all our channels.”
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Supply: Live Mint