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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 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

 

 

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/1933

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