As many as 974 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assessees. Of the 974 bank branches 898 branches are public sector bank branches, 47 HDFC Bank branches, 9 ICICI Bank branches and 20 AXIS Bank branches. The Reserve Bank of India has advised income tax assessees to take advantage of these standing arrangements made for their convenience.

Long queues and inconveniences can be avoided at the Reserve Bank of India counters if the assessees in Mumbai and Navi Mumbai utilise the services being made available at various designated branches of banks and deposit their income tax dues well in advance of the last date.

Ajit Prasad
Manager

Press Release : 2007-2008/1572