Kotak Mahindra Bank completes its integration for direct tax payments

has integrated with the new e-filing portal of income tax, making it one of the first private banks to be fully integrated with the new Income Tax department portal. Kotak customers can now pay their direct taxes through the e-pay tax tab on the portal using Kotak Net Banking or by visiting a branch, the bank said in a press release.

In October 2021, became the first Scheduled Private Sector Bank to receive approval as a collections partner for taxes after the announcement to permit all banks to participate in government business.

With the solution going live, the bank continues to be the pioneering player offering this service in the private banking space.

Dipak Gupta, Joint Managing Director, Kotak Mahindra Bank, said, “With this facility, Kotak Bank has become one of the first to offer a direct taxes payment ecosystem across all our channels. We are continuously innovating to make this experience more customer-centric, convenient & secure.”