TMB Procedure For e-Tax Payment : Tamilnad Mercantile Bank

Organization : Tamilnad Mercantile Bank Ltd
Facility :Procedure For e-Tax Payment

Home Page :http://www.tmb.in/
For more detailshere :http://india.tmb.in/e_tax_payment/pay_your_taxes_from_the_comfort_of_your_home_branch.html

e-Tax Payment
Now pay all your taxes / dues to the government from the comfort of paying through your branch itself. TMB prouds to announce that it has made tie-up arrangement with IDBI Bank Ltd to pay your Direct Tax, Service tax and Excise Duty. The FAQ on the service is given below

Note :
Based on the various representations from our Customers, we have waived charges for Online Tax Payment transactions routed through TMB eConnect for all customers with effect from Dec 12, 2011. Customers can remit upto Rs. 10.00 lakhs under the Online Direct Tax Payment facility.

Types of taxes that can be paid through TMB eTax :
a. Direct Taxes such as Income Tax, Corporation Tax, Tax Deducted at Source / Tax Collected at Source (TDS/TCS), Security Transaction Tax, Hotel Receipts Tax, Wealth Tax, Expenditure Tax / Other Direct Taxes and Gift Tax. b. Excise Duty & c. Service Tax

Procedure of paying the above taxes :
First Step – Registering of PAN / TAN :
** PAN / TAN REGISTARTION PROCESS IS A ONE TIME PROCESS.
** Once a customer has been registered with us for tax payment, there is no need to register again for making payment of tax again. The customer has to submit the Xerox copy of the PAN / TAN along with the Original. The Xerox copy will be retained by the branch for registration and future reference.
** The PAN / TAN registration will be carried out on next day but not less than a period of 24 hours. For example, if the branch enters the PAN / TAN data of “Mr.X” customer on Feb 18, 2010 before 4 pm, then the branch can effect payment of taxes on behalf of “Mr.X” customer on Feb 20, 2010.

Second Step – submitting tax payment challans.
After successful registration of PAN / TAN details, the customer has to submit the relevant challans [ Form No.280, 281, 282, 283 & GAR 7 ] to the branch duly filled with all the required details before 1 pm to get the acknowledgement on the same date of debit in the customer’s account for the respective tax. The time frame will be advanced by one hour on Saturdays. The Challans should be accompanied with Cheque for the tax amount.

Third Step – Acknowledgements
The acknowledgements will be provided by the branches on the same day itself in the evening hours. The same can also be e-mailed, in case of specific request from the customer.

What are the Prerequisite for availing the service :
The customer has to maintain an operative account [ Savings Bank Account / Current Account / Overdraft / Cash Credit ] with the branch where he is remitting the tax.