Press Esc to close
Saturday 25 March 2017
News updated at 7:09 PM IST

Pay income tax dues well in advance: RBI

Mumbai, Mar 18, 2013 (PTI)
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
Crime Branch officials display seized silver worth rupees 90 Lakh at a press conference in Thane...

Crime Branch officials display seized silver worth rupees 90 Lakh at a press conference in Thane...

Bollywood actress Jacqueline Fernandez during an event in Mumbai...

Bollywood actress Jacqueline Fernandez during an event in Mumbai...

An oil tanker catches fire at a petrol pump in Nongrim Hills, Shillong...

An oil tanker catches fire at a petrol pump in Nongrim Hills, Shillong...

Tibetan spiritual leader The Dalai Lama interacts with Australian cricket team captain Steve...

Tibetan spiritual leader The Dalai Lama interacts with Australian cricket team captain Steve...

Medical students form the sign of 'TB' as they observe World Tuberculosis Day in Shimla...

Medical students form the sign of 'TB' as they observe World Tuberculosis Day in Shimla...

Renowned Kathak dancer Jayanti Mala performing at the Taj Mahotsav in Agra...

Renowned Kathak dancer Jayanti Mala performing at the Taj Mahotsav in Agra...

Members of Maharashtra Association of Resident Doctors (MARD) show placards during a protest...

Members of Maharashtra Association of Resident Doctors (MARD) show placards during a protest...

Actor-Director Pooja Bhatt with 82-year-old Chandro Tomar popularly known as Revolver Dadi...

Actor-Director Pooja Bhatt with 82-year-old Chandro Tomar popularly known as Revolver Dadi...

A view of the Yadiyuru Lake in Bengaluru...

A view of the Yadiyuru Lake in Bengaluru...

The 485 km long Manali-Leh strategic road being cleared of snow by Border Road Organisation...

The 485 km long Manali-Leh strategic road being cleared of snow by Border Road Organisation...

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