If you have entered the wrong bank details on the Income Tax Portal, here’s how to correct this. It's essential to get this right, so here's a step-by-step guide:
What is Income Tax Day?
Income Tax Day is the last day to file your Income Tax Return (ITR) for the previous financial year. In 2023, it falls on July 31st. It's like a deadline to tell the government about your income and taxes.
Why Correct Bank Details?
When you file your ITR, you might have to get a tax refund if you paid extra taxes. To receive this refund, you need to provide correct bank details. Also, if you have to pay any taxes, the correct bank details will help you do it online smoothly.
How to Correct Bank Details
| Log In to the Portal | Go to the Income Tax Department's official website and log in using your User ID (usually your PAN card number) and password. |
| Go to Profile Settings | Once you're logged in, look for the "Profile Settings" option. It's usually on the top right corner of the portal. |
| Click on 'Bank Account Details' | In the Profile Settings, you will find an option called "Bank Account Details." Click on it. |
| Check Existing Details | Now, check if the bank details already mentioned are correct. If they are, great! If not, you need to correct them. |
| Choose 'Edit' | To make changes, click on the "Edit" option next to the bank details. |
| Enter Correct Bank Details | Fill in your correct bank account number, account type (savings or current), IFSC code (it's like the bank's address), and the bank's name. |
| Verify and Save | Double-check the details you entered. Once you are sure they are correct, click on "Save" to update your bank details. |
| Update and Finish | After saving, a pop-up will ask you to confirm. Click "OK" to update your bank details. |
| E-Verify Your Return | If you haven't filed your ITR yet, do it before or on Income Tax Day. After filing, remember to "E-Verify" your return. It's like telling the government that the information you provided is accurate. |
