Income-tax Rules, 2026

Rule 48Other electronic modes of payment

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026

For the purposes of Schedule VIII [Table: Sl.No. 1. D( d)], section 66(32), section 146(5)(a)(ii)(B), sections 185, 186 and 188, the other electronic modes of payment shall be the following:—

(a)Credit card;

(b)Debit card;

(c)Net banking;

(d)IMPS (Immediate Payment Service);

(e)UPI (Unified Payment Interface);

(f)RTGS (Real Time Gross Settlement);

(g)NEFT (National Electronic Funds Transfer);

(h)BHIM (Bharat Interface for Money) Aadhaar Pay; and

(i)Tier-III: Full KYC Central Bank Digital Currency wallets, P-CBDC, Wholesale/Cross-border CBDC.

This rule refers to

§ Schedule VIII INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS

§ 146 Deduction in respect of additional employee cost

§ 66 Interpretation

§ 185 Mode of payment in certain cases etc

§ 186 Mode of undertaking transactions

§ 188 Mode of repayment of certain loans or deposits

Referenced by

Rule 225 Procedure for recovery of tax for the purposes of sections 413 and 475

Rule 26 Cases and circumstances in which a payment or aggregate of payments exceeding ten thousand rupees may be made to a person in a day, otherwise than by specified banking and online mode or through such other electronic mode as provided in rule 48