I maintain a savings account with ICICI Bank and often use NEFT for my payments. Can I also pay my advance tax through NEFT from my ICICI savings account, or do I need to use a different option like Net Banking or Debit Card?
I also rely on NEFT for most of my payments, so I wanted to be sure if it works for advance tax too.
The good news is, yes, you can pay advance tax via NEFT/RTGS using your ICICI Bank savings account. ICICI is an authorized bank for tax payments, and the facility is available through the Income Tax Department’s TIN 2.0 portal.
How It Works?
1. Generate Challan – Log in to the Income Tax e-Filing portal and create a challan (challan number will be generated).
2. Choose Payment Method – Select NEFT/RTGS as your payment option.
3. Use ICICI Account – Log in to ICICI Net Banking or use your bank branch to make the NEFT transfer.
4. Receive CIN – After payment, you’ll get a Challan Identification Number (CIN), which serves as your official proof of tax payment.
Why NEFT is a Good Option?
• Secure and widely used.
• No need to log in separately to SBI or other portals.
• Works directly with your existing ICICI account.
For official reference, you can visit the Income Tax Department’s website here: