OLTAS
Online Tax Accounting System (OTLAS) was introduced in United Bank of India w.e.f.
01.06.2004 for collection of Direct Tax. Under this system tax payers can make payment
maintained with the branch or by a cheque/ draft drawn on the same branch or another bank
branch at the same center where the payment is made. The payment can also be made by
outstation cheque/ draft. In that case the Challan will be handed over to the tax payer
after realisation of the proceeds of payment by Cheque. While depositing tax, identical
information is to be furnished in both parts of the Challan. Quoting of PAN/ TAN by the
taxpayer is mandatory for prompt credit of the tax to Govt. A/c.
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