Beginning 1st April, 2008, Government of India has made it mandatory for corporate Assessee to make e-payment of direct taxes. Besides corporate, assessees subject to Tax Audit would also be required to make e-payment of direct taxes.

These assessees would be required to make electronic payment through internet banking facility offered by any authorized bank. Alternatively, such payment can be made using credit or debit cards for making e-payment. As on date, about 22 banks are authorized to offer e-payment facility through Internet banking accounts.

This scheme, originally, introduced in 2004, would make payment of taxes in a smooth way and reduced paper work too.

Already assessees with Net banking accounts make their tax payments through the e-payment route. In fiscal 2006-07, the Government collected less than one per cent of its total direct tax collections of about Rs 2,29,272 crore through the e-payment mode.  
For fiscal 2007-08, the Centre has pegged the revised estimate for direct taxes at about Rs 3,04,000 crore.