Press Esc to close
Monday 24 April 2017
News updated at 2:47 PM IST

Pay income tax dues well in advance: RBI

Mumbai, Mar 18, 2013 (PTI) 19:29 IST
The Reserve Bank today asked income tax assesses to pay their dues well in advance so as to avoid inconveniences caused by the last minute rush, and designated 29 banks for the collections.

In an appeal through a circular, RBI has asked income tax assessees to remit their income dues sufficiently in advance of the due date.

It said the rush for remitting income tax dues through RBI has been far too heavy towards the end of March every year and it becomes difficult for it to cope with the pressure of issuing receipts, although additional counters to the maximum extent possible are provided for the purpose.

"...assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices," RBI added.

It has authorised 29 banks to accept payments of income tax dues.

The designated banks include Allahabad Bank, Syndicate Bank, SBI, HDFC Bank, Axis Bank, Punjab & Sindh Bank, ICICI Bank and Punjab National Bank.

Go to Top

Photo Gallery
Woakes jubiliate with his teammates after the dismissal of Stuart Binny

Woakes jubiliate with his teammates after the dismissal of Stuart Binny

Chahal celebrates with Jadhav after the dismissal of Pathan

Chahal celebrates with Jadhav after the dismissal of Pathan

Virat Kohli celebrates with bowler S Badree after dismissal of Robin Uthappa

Virat Kohli celebrates with bowler S Badree after dismissal of Robin Uthappa

Hasim Amla plays a shot during the IPL 2017 match against Gujarat Lions

Hasim Amla plays a shot during the IPL 2017 match against Gujarat Lions

Floral chariots part of a procession during the annual 'Ulsoor flower Pallakki Festival'

Floral chariots part of a procession during the annual 'Ulsoor flower Pallakki Festival'

Donald Trump awards a Purple Heart to U.S. Army Sgt. First Class Alvaro Barrientos

Donald Trump awards a Purple Heart to U.S. Army Sgt. First Class Alvaro Barrientos

Suresh Raina with Shubham Agarwal celebrates the wicket of Hasim Amla

Suresh Raina with Shubham Agarwal celebrates the wicket of Hasim Amla

Runners make their way over Tower Bridge during the London Marathon

Runners make their way over Tower Bridge during the London Marathon

A boy enjoying a swim in Chembarambakkam lake to escape the scorching heat

A boy enjoying a swim in Chembarambakkam lake to escape the scorching heat

A group of flamingos at Sewri Jetty in Mumbai...

A group of flamingos at Sewri Jetty in Mumbai...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.