RBI appeals to pay Income Tax in advance

The Reserve Bank of India has appealed to public to avoid last minute rush and remit their Income-tax dues sufficiently in advance of the due date of September 30, 2013. It has also urged the assessees to take advantage of paying taxes at select branches of accredited agency banks which have been authorised to accept payments of Income Tax dues.  Most of these banks also provide facilities for on-line payment of taxes, it has added.

The rush for remitting Income Tax dues through the Reserve Bank of India has been far too heavy towards the end of September and it becomes difficult for the Reserve Bank to cope with the pressure of receipts despite opening additional counters to the maximum extent possible for the purpose.  Consequently, members of public are required to wait in queues at the Reserve Bank for unnecessarily long periods.

The banks authorised to accept payment of Income Tax dues in Mumbai are:

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 & Sind Bank

29.

ICICI Bank Ltd.

15.

Punjab National Bank    

 

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