No, e-filing and e-payment usually are not the identical factor, as they serve completely different functions. E-filing is the method of electronically submitting an earnings return, whereas e-payment is the method of on-line paying taxes. The taxpayer can swiftly and easily fulfill his tax fee and return-filing duties through the use of the e-payment and e-filing services.
E-payment
E-payments are made utilizing debit and bank cards, direct financial institution deposits, and e-checks; nevertheless, different e-payment strategies reminiscent of e-wallets and financial institution transfers can be used.
Advantages of e-payment
- It’s a quicker mode of fee.
- Taxpayers can use this technique any time. Location doesn’t matter.
- You even have proof of creating funds.
- These are extremely useful for worldwide transactions as they are often executed in actual time with much less price.
E-filing
E-filing or digital earnings tax submitting is the web strategy of submitting your earnings tax return (ITR) for a selected evaluation yr. There isn’t any bodily effort required for this. Simply log in to your laptop computer and file your ITR following the Earnings Tax Division tips.
Advantages of e-filing ITR
Processing
Once you file an ITR on-line, the acknowledgement of it’s fast.
Refund
Refunds are additionally processed quicker than paper-filed returns.
Comfort
It’s the most handy technique of submitting an ITR as you are able to do it any time from wherever.
Confidentiality
Higher safety than paper filings as a result of nobody can entry your knowledge by accident or on objective. Particulars of your earnings could get into the mistaken fingers on the workplace of the Earnings Tax Division in case you file on paper.
What’s the final date to e-file ITR?
The final date to e-file your ITR is September 15, 2025.
Is the ITR submitting deadline the identical for e-filing and different strategies?
Sure, the deadline is similar to file an ITR utilizing the digital technique or offline technique.
Modes of creating on-line funds
– Web banking (choose authorised banks)
– Debit card of choose authorised banks
– Pay at financial institution counter
– RTGS / NEFT (by way of any financial institution having such facility)
– Cost gateway (utilizing sub-payment modes as internet banking, debit card, bank card, and UPI of any financial institution)
