Name of the Organisation : Federal Bank (federal-bank.com)
Type of Facility : Online Payment of Direct and Indirect Taxes
Home Page : http://www.federal-bank.com/
To view all posts related to<federal-bank.com>
Direct and Indirect taxes that can be paid online :
** Income Tax
** Corporation Tax - Tax on Companies and Tax Deducted at Source from Companies
** Interest Tax and Expenditure Tax
** Gift Tax
** Wealth Tax
** Fringe Benefit Tax (FBT)
** Securities Transaction Tax (STT)
** Banking Cash Transaction Tax (BCTT)
** Other Tax Deducted or collected at source (TDS or TCS) on salaries of employees, interest on Fixed Deposits, Vendor Payments, Rent etc.
** Any other Direct Tax including Advance Tax
** Central Excise duty
** Service Tax

Registration :
** You will be required to do a one-time registration for CBDT / CBEC e-Payments with PAN / TAN / Assessee Code and other details like Name, Address, etc. Login to FedNet with user name and password
** Each PAN / TAN / Assessee Code has to be registered separately.
** The details provided by you during registration will then be verified by the Bank. It may take maximum of two working days.
** Thereafter you will receive an email stating whether your registration was approved or rejected with reasons.
** If your registration is successful, you can start making the payment of your taxes.

Payments :
** Login to FedNet with username and password
** Select "Pay your Tax" from "Pay Bills" Menu.
** Select the relevant challan applicable to you payment and then select the PAN / TAN / Assessee Code from the drop down list.
** The challan form will be loaded with details of PAN / TAN / Assessee Code, Name and Address. You have to fill in the details such as Tax Major Head, Minor Head (or Account code), Assessment Year / Financial year, nature of payment and Amount with break-up etc.
** Ensure that all the details entered in the challan are correct and confirm payment by selecting the Submit / Insert button.
** Payments executed by you will be credited to the Govt account only on the next working day
** The copy of the accepted challans with the "Challan Index Number" (CIN - with the BSR code of the remitting Branch, Date of Payment and the Challan No) will be available within 2-3 working days from the date of payment. You can then download the challans from FedNet.

Pr-requisites for Online Tax Payment :
** Savings / Current / Other Accounts with FedNet transaction facility
** Valid PAN / TAN / ASSESSEE code
** Registration of PAN / TAN / ASSESSEE code with FedNet
** Present limit for transactions through Fed Net is Rs.30,000/- per day. For higher limits, you have to submit “Application Form for Higher Limits”

Payment Timings :
** This is a 24 x 7 x 365 facility and as such you can make payment at any time of your convenience.
** All the payments executed by you in a day will be accounted for on the next working day.

Advantages :
** Ease of operation and convenience.
** No fee for tax payment
** Simple consolidated menu
** Personalized and secure remittance
** Ability to do online payments up to Rs.30,000/- per day initially, and for higher limits you have to submit an application as mentioned above.
** Facility is available 24x7x365 basis.
** Remittance can be made on behalf of the firm, company and others, provided the PAN / TAN / Assesses code is registered.
** Cyber Receipt in the form of Challan including CIN can be downloaded / printed for record.

Login to Fed Net : https://www.fednetbank.com/