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RBI and select branches of Banks to accept Advance Income Tax

It is observed that the rush for remitting Income Tax dues through the Reserve Bank of India has been quite heavy towards the end of March month. It becomes difficult for the Bank to cope with the pressure of receipts although additional counters to the maximum possible extent are provided for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assessees are advised to avoid last minute rush by remitting their Income Tax dues sufficiently in advance of the due date.

In addition, select branches of accredited agency banks as indicated below at Mumbai have been authorized to accept payments of Income Tax dues. Most of these banks are also providing facilities for on-line payment of taxes. The assessees may take advantage of these arrangements for their convenience.

1.

Allahabad Bank

16.

Syndicate Bank

2.

Andhra Bank

17.

UCO Bank

3.

Bank of Baroda

18.

Union Bank of India

4.

Bank of India

19.

United Bank of India

5.

Bank of Maharashtra

20.

Vijaya Bank

6.

Canara Bank

21.

State Bank of India

7.

Central Bank of India

22.

State Bank of Bikaner & Jaipur

8.

Corporation Bank

23.

State Bank of Hyderabad

9.

Dena Bank

24.

State Bank of Travancore

10.

IDBI Bank

25.

State Bank of Mysore

11.

Indian Bank

26.

State Bank of Patiala

12.

Indian Overseas Bank

27.

HDFC Bank Ltd

13.

Oriental Bank of Commerce

28.

Axis Bank Ltd

14.

Punjab & Sindh Bank

29.

ICICI Bank Ltd

15.

Punjab National Bank

 

 

Sucheta Vazkar
Manager

Press Release : 2013-14/1675

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