Income Tax Portal Update: Know More:

Income Tax Portal Update: Know More The Income Tax portal now provides a new option under Bank Details to Nominate a Bank Account for Login through Net Banking. When you choose a bank account for login, you are giving permission to that bank (which should be linked to your PAN and on the approved bank list) to let you access the Income Tax website using your bank’s online banking service. Using this way, instead of typing a username and password on the Income Tax site, you can log in safely and easily through your bank’s website. How Does It Work? You can choose (or nominate) one of your bank accounts to log in to the Income Tax portal. But there are two important things about the bank account you select:

• The bank must be linked to your PAN (Permanent Account Number).
• The bank should be on the list of approved banks that support this login method.

Once you select your bank account, you give the bank permission to let you access the Income Tax portal through your bank’s Net Banking system.