RBI and select branches of Banks to accept Advance Income Tax

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प्रकाशित तारीख मे 20, 2013

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पीडीएफ ( 156832 )

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 is quite heavy towards the end of June 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.

The Reserve Bank has also authorized select branches of accredited agency banks as indicated below at Mumbai 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	11.	Indian Bank	21.	State Bank of India
2.	Andhra Bank	12.	Indian Overseas Bank	22.	State Bank of Bikaner & Jaipur
3.	Bank of Baroda	13.	Oriental Bank of Commerce	23.	State Bank of Hyderabad
4.	Bank of India	14.	Punjab & Sindh Bank	24.	State Bank of Travancore
5.	Bank of Maharashtra	15.	Punjab National Bank	25.	State Bank of Mysore
6.	Canara Bank	16.	Syndicate Bank	26.	State Bank of Patiala
7.	Central Bank of India	17.	UCO Bank	27.	HDFC Bank Ltd
8.	Corporation Bank	18.	Union Bank of India	28.	Axis Bank Ltd
9.	Dena Bank	19.	United Bank of India	29.	ICICI Bank Ltd
10.	IDBI Bank	20.	Vijay Bank