Mar 23: DBS Bank India today announced the launch of its direct tax payment facility, following authorisation from the Central Board of Direct Taxes (CBDT). With this launch, DBS Bank India becomes the first wholly owned subsidiary in the country authorised to facilitate direct tax payments, complementing its existing Goods and Services Tax (GST) collection capabilities.
The new facility allows individuals and businesses to conveniently pay Income Tax, Advance Tax, Self-Assessment Tax, Capital Gains Tax, and Tax Deducted at Source (TDS) directly from their bank accounts via DBS digital platforms. Customers can make payments through digibank by DBS for retail users and DBS IDEAL, the bank’s online business banking platform, serving SMEs, mid-sized companies, and large corporates. Payments can also be made in person at select branches.
The integrated digital journey offers real-time confirmation, challan generation via TIN 2.0, and enhanced payment visibility, streamlining compliance and reducing operational errors for recurring or high-volume transactions. The service is available 24/7, ensuring seamless and instant digital payments.
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 strengthens DBS Bank India’s trusted capabilities in transaction banking and digital cash management. By integrating with the government’s digital tax infrastructure, we reduce friction in the payment process, allowing individuals and businesses to focus on what matters most — living more and banking less.”
The launch builds on DBS Bank India’s digital leadership, recognised by accolades such as Best Digital Bank for SMEs in India (Euromoney 2025) and Best Bank for Corporate Banking in India (Crisil Coalition Greenwich, 2025 & 2026), reinforcing the bank’s commitment to leveraging technology for smarter, intuitive financial solutions.
