« Top Headlines » Open DEMAT Account in 24 hrs  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing «  Govt to tax employee share options by foreign firms... SC decision on tax for companies doing both agriculture and... » E-filing of tax returns now mandatory January, 25th 2008 Corporate taxpayers will now have to mandatorily pay taxes in e-mode from April 1, 2008. This follows the success which the government met with regard to e-filing of tax returns. Although, the option of paying income tax through e-mode exists, it was not made mandatory for any assessee category. Assessees who have to give audit reports will also have to make e-payment of taxes. Tax-payers can make electronic payment of taxes through internet banking facility offered by authorised banks. They will also be provided with an option to make electronic payment of taxes through internet. The government has already made electronic payment of service tax mandatory for assessees who paid service tax of Rs 50 lakh or above last year. Similarly, excise assessees making payment in excess of Rs 50 lakh also have to pay by e-mode from April 1 this fiscal. The e-filing of tax returns was mandatory in 2006. The optional scheme of electronic payment of taxes for income-tax payers was introduced in 2004. The total collection through e-payment, however, continues to remain low. In 2006-07, tax collection through e-payment was less than 1% of the tax collection of Rs 1,300 crore.