How to Change or Update Bank Account on the Income Tax Portal

The new income tax filing site (https://www.incometax.gov.in/) was released by the Central Board of Direct Taxes (CBDT) on May 20, 2021. From June 7, 2021, the new e-filing portal will be available. The new portal must be used to file ITRs and complete other tax-related procedures. The portal has a new design that makes it easier to complete all tax-related chores in a streamlined manner.

You need to add a bank account where the government can refund your income tax. As your refund value will be remitted back to your account by the government, you must also include your bank account number when completing an ITR. However, because ITR filing is a once-a-year procedure, it is possible that you have changed your bank account number. For smooth tax filing, it's critical that a taxpayer adds the new bank account number.

• If you want to update the Bank Account Number for a refund failure case, go to 'My Account' 'Refund reissue request' on the Income Tax e-Filing website.

• Choose between ECS and Cheque as the method for receiving your return.

• Fill in the new Bank Account Number and your address information. Send in your request.

• Your new address is updated with the Income Tax Department once the request is submitted.