SBI introduces ‘free’ facility for filing income tax return

SBI allows its clients to file an income tax return for free using its Yono banking and lifestyle app. This new facility could be useful as the deadline for filing tax returns has been extended to January 10.

The State Bank of India (SBI) is introducing a new facility for its clients that allows them to file an income tax return (ITR) for free. So if you are an SBI client and have not yet filed an ITR, these new facilities can be helpful as the deadline for filing tax returns has been extended to January 10. The SBI allows its clients to file an income tax return free of charge using banking services and the yono lifestyle app.

The SBI said in a tweet on Twitter: "Save bhi, file ITR. Submit your tax return with Tax2win on YONO for free ..."

SBI customers interested in using the facility should follow the steps listed below:

Open the YONO SBI app on your phone and log in.

- Continue shopping "Buy and Order" and click on "Taxes and Investments".

-You will have to pay a minimum of INR 199 for the CA assisted service.

- In case you encounter any problems while using the service, you can request assistance by calling +91 9660-99-66-55.

Once you see Tax2Win, click on it for more details.

You can also send an email to support@tax2win.in.

Meanwhile, more than Rs 4.54 crore of 2020-21 income tax returns have been filed as of December 29, 2020, as reported by the Income Tax Department in a tweet.

Due to the Covid-19 pandemic, the government extended on Wednesday the deadline to file an Income Tax Return (ITR) for individuals by 10 days until January 10, 2021. Taxation by companies was also extended until February 15, the Finance Ministry said in a statement.

This is the third time that the government has extended the deadline for ITR filing, first from the usual deadline of July 31 to November 30 and then to December 31, 2020.

Also Read: RBI launches Digital payments index to track transactions

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