Press Esc to close
Friday 23 June 2017
News updated at 10:51 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
NDA's presidential nominee Ram Nath Kovind flanked by Prime Minister Narendra Modi, BJP chief...

NDA's presidential nominee Ram Nath Kovind flanked by Prime Minister Narendra Modi, BJP chief...

A police officer offers supports to the son of slain DSP Mohammed Ayub Pandit to pay respects to...

A police officer offers supports to the son of slain DSP Mohammed Ayub Pandit to pay respects to...

Members of Majlis-e-Ulama-e-Hind (Delhi state) burn an effigy during a protest against Israel at...

Members of Majlis-e-Ulama-e-Hind (Delhi state) burn an effigy during a protest against Israel at...

Indian Space Research Organisation (ISRO)'s PSLV C38, carrying earth observation satellite...

Indian Space Research Organisation (ISRO)'s PSLV C38, carrying earth observation satellite...

Muslims take cover with a cloth to protect themselves from scorching heat as they offer last...

Muslims take cover with a cloth to protect themselves from scorching heat as they offer last...

BSF personnel take part in a cycle rally at India Gate to aware people against drugs in New Dehi...

BSF personnel take part in a cycle rally at India Gate to aware people against drugs in New Dehi...

Angry students burn railway properties during a violent protest against Central government over...

Angry students burn railway properties during a violent protest against Central government over...

Former Union minister Nagmani showing a bullet which was fired from an unidentified assailant...

Former Union minister Nagmani showing a bullet which was fired from an unidentified assailant...

Children are seen near the entrance gate of Maroda Village which was renamed as 'Trump Village'...

Children are seen near the entrance gate of Maroda Village which was renamed as 'Trump Village'...

Children play football in mud after rainfall in Kolkata on Friday. PTI

Children play football in mud after rainfall in Kolkata on Friday. PTI

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.