Bank of India Becomes First Public Sector Bank to Implement New Tin 2.0 Direct Tax Collection System | India is blooming

Kolkata: Bank of India has become the first public sector bank to go live with the Department of Income Tax’s new Tin 2.0 direct tax collection system.

Thanks to this technological integration of the BOI on the TIN 2.0 platform, taxpayers will now have a single platform for the payment of their taxes as well as for the electronic filing of tax returns.

In addition, taxpayers can now make direct tax payment at any branch of Bank of India across the country as more than 5,000 BOI branches now accept direct tax collection through over-the-counter (OTC) mode.

The process is quick and easy, making it easier for taxpayers to make payments at their convenience with just a few clicks.

On the occasion, Bank of India’s Managing Director, Government Business, DS Shekhawat, said the Bank is actively seeking avenues in the digital sphere to ensure seamless services to its customers.

“As the digital ecosystem is rapidly growing across the country, we believe taxpayers will welcome and appreciate our sincere efforts to provide a hassle-free method of tax payment for their superior convenience. We are very grateful for all the support provided by the Additional Director of the Income Tax Department, Sh. Vivek Upadhayay in our endeavours. We are deeply grateful to our respected MD, Sh. Atanu Das and our respected ED Sh. M. Karthikeyan for their guidance and support without which the task would never have been executed in such a smooth manner,” Shekhawat added in a statement.

Tax Information Network, TIN 2.0 (e-filing) is the official portal of the Income Tax Department, Ministry of Finance, Government of India.

The portal was developed by the Department of Income Tax as a mission mode project under the national e-governance plan.

The purpose of this portal is to provide taxpayers with one-stop access to income tax-related services, including the payment of taxes.

Most recently, BOI made headlines in July for the launch of its digital customer onboarding platform for the National Pension System (NPS) where the digital journey begins with QR code scanning, Aadhar verification via Digilocker and payment via UPI.

BOI is the first bank to launch it in collaboration with K-fintech and it was inaugurated by the chairman of PFRDA (Pension Fund Regulatory & Development Authority), Supratim Bandhopadhyay.

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