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DBS Bank India launches direct tax payment facility for individuals, businesses

Upstox
By Upstox News Desk

2 min read | Updated on March 24, 2026, 10:50 IST

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SUMMARY

DBS Bank will now be able to collect direct tax payments on the TIN 2.0 platform, adding to its existing capability to collect Goods and Services Tax (GST) payments.

DBS Bank

Customers can conveniently make payments for income tax, advance tax, self-assessment tax, capital gains tax and tax deducted at source (TDS), directly from their bank accounts. | Image: Shutterstock.

DBS Bank India on Monday announced the launch of its direct tax payment facility, following authorisation from the Central Board of Direct Taxes (CBDT).

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The bank will now be able to collect direct tax payments on the TIN 2.0 platform, adding to its existing capability to collect Goods and Services Tax (GST) payments.

Customers can conveniently make payments for income tax, advance tax, self-assessment tax, capital gains tax and tax deducted at source (TDS), directly from their bank accounts.

With the wider adoption of digital infrastructure such as the TIN 2.0 portal, the environment for tax compliance has become more enabling by improving the ease of making payments and reducing the likelihood of operational errors.

DBS Bank India will now facilitate direct tax payments through its digital banking platforms: digibank by DBS for retail customers and DBS IDEAL, the online business banking platform for companies of all sizes, ranging from SMEs and mid-sized businesses to large corporates and MNCs.

Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said, “The authorisation for direct tax payments has strengthened DBS Bank India’s trusted capabilities in transaction banking, payments and digital cash management, enabling us to support customer needs across both indirect and direct tax payments more comprehensively.”

Customers can conveniently make payments for income tax, advance tax, self-assessment tax, capital gains tax and Tax Deducted at Source (TDS), directly from their bank accounts, it said.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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