Wednesday 16 April 2014
News updated at 4:16 PM IST
Weather
Max: 34°C
Min : 22.7°C
In Bangalore
Sunny day

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
US actress Emma Stone poses for the media during the Germany premiere of the movie 'The Amazing ...

US actress Emma Stone poses for the media during the Germany premiere of the movie 'The Amazing ...

2013 Boston Marathon bombing survivor Erika Brannock, a pre-school teacher from the Baltimore ...

2013 Boston Marathon bombing survivor Erika Brannock, a pre-school teacher from the Baltimore ...

Family members and survivors of the 2013 Boston Marathon bombing walk down Boylston Street for a rem

Family members and survivors of the 2013 Boston Marathon bombing walk down Boylston Street for a rem

An injured passenger who was on a sinking ship, is rescued by South Korean maritime policemen ...

An injured passenger who was on a sinking ship, is rescued by South Korean maritime policemen ...

A passenger is rescued by South Korean maritime policemen from a sinking ship in the sea off ...

A passenger is rescued by South Korean maritime policemen from a sinking ship in the sea off ...

South Korea rescue helicopters fly over to rescue passengers from passenger ship Sewol ...

South Korea rescue helicopters fly over to rescue passengers from passenger ship Sewol ...

South Korean rescue helicopters fly over a South Korean passenger ship, trying to rescue ...

South Korean rescue helicopters fly over a South Korean passenger ship, trying to rescue ...

Britain's Kate, the Duchess of Cambridge meets with a girl during a walkabout in the Civic Square...

Britain's Kate, the Duchess of Cambridge meets with a girl during a walkabout in the Civic Square...

Britain's Prince William carries Prince George with his wife Kate, the Duchess of Cambridge ...

Britain's Prince William carries Prince George with his wife Kate, the Duchess of Cambridge ...

This multiple-exposure composite photo of the moon was made beginning at 1 a.m., CDT, Tuesday ...

This multiple-exposure composite photo of the moon was made beginning at 1 a.m., CDT, Tuesday ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523