How to Pay Taxes Through Credit Card?

The Income Tax e-filing portal allows you to pay taxes through a credit card. In this article, we will go through the steps to pay taxes with credit and look at the benefits of doing so.

How to Pay Income Tax with a Credit Card?

Follow these steps to pay income tax with your credit card.

• Step 1: Log in to the Income Tax e-filing portal with your credentials.

• Step 2: On the “E-file” dropdown list click on “E-Pay Tax”.

• Step 3: Click on “New Payment” in the top right corner.

• Step 4: Click on “Proceed” under the “Income Tax” tab.

• Step 5: Choose the Assessment Year, and Payment Type, and click on “Continue.”

• Step 6: Fill in the tax details and click on “Continue.”

• Step 7: Review the challan summary, then go to the payment mode and select “Payment Gateway including UPI and Credit Card.”

• Step 8: Choose a payment gateway.

• Step 9: Click on “Pay Now” and you will be redirected to the payment gateway.

• Step 10: Select the “Credit Card” option and enter your card details.

• Step 11: Confirm the payment.

You will get a payment confirmation once the transaction is completed.

Benefits of Paying Taxes with a Credit Card

There are many benefits to paying taxes through your credit card.

• By paying income tax via credit card you will be able to file the challan online. This way you get an immediate acknowledgement of remittance.

• If you are a merchant, the government will provide a tax rebate if you have performed up to 50% of your transactions through cashless means.

• You will receive tax rebates if you use your credit card to pay a portion of your utility bills.

• Paying income tax through a credit card will give you an accurate record of your payments.

• By paying taxes through your credit card you can also earn reward points.