How to Pay Income Tax and Other Govt. Payments Online?
Going to a government office to get done with something might be hectic and not everyone wants to go there. The long lines in the government office with all the crowd and the hot humid surrounding will throw you out of your comfort. But lucky us, now the government has introduced an online payment system for its most services.
The government has introduced a new system to benefit over half a million small taxpayers, reducing the hassle of going to the tax office. This allows people to have annual transactions of up to Rs 2 million and an income tax of up to Rs 200,000 to make online payment of their income tax.
This facility was announced in the budget speech of the Fiscal Year 2020/21 and is being implemented from the first day of the fiscal year 2020/21.
The process of doing payment of income tax is really easy and takes very little effort. To do the payment you need to follow these procedures:
Register to connect IPS
The first-ever step to pay tax online is to open a connect IPS account. You need to go to connectips.com and then sign up. After finishing up, link your bank account and enter the details. Now you have to download the form and submit it in the bank to get the account verified.
Open the website of the FCGO
- If you don’t have an account, sign up and then enter your details.
- Now log in into the website of FCGO.
- Then register for a new voucher.
To register for a new voucher, enter all your details and then submit it. You will get an OTP, enter that and you will get your voucher.
Head back to connectips.com again.
- Go to the “Government Payment” tab and select FCGO.
- Now enter your voucher number and the amount and select the bank account you want to pay from.
- It will take a few minutes to process your payment and then you can check it on the website of FCGO.
Not only Income tax, but you can also do the payment of other government services in a similar method. Other service includes payment of a loan of Employees Provident Fund (EPF), Samajhik Suraksha Kosh, Payment of loan of Citizen Investment Trust (CIT) and even for Passport, Loksewa and Inland Revenue Department (IRD).
The government has made a smart decision with the inclusion of online payment for government services. This will be convenient and easier for people as they can now pay with no hassle or long lines. With the world getting digitized its good to see the government adding in new facilities that benefit the people tremendously.
To know about registering for a Personal PAN card and the cost, see this article.