Press Esc to close

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
Actress and BJP MP Hema Malini along with her daughters Ahana and Esha cutting a cake to celebrate..

Actress and BJP MP Hema Malini along with her daughters Ahana and Esha cutting a cake to celebrate..

Union Minister for Defence, Nirmala Sitharaman with Chief of Naval Staff, Admiral Sunil Lanba and ..

Union Minister for Defence, Nirmala Sitharaman with Chief of Naval Staff, Admiral Sunil Lanba and ..

Kamaraj Congress (KKC) and Most Backward Communities Federation demonstrators lying on the road in..

Kamaraj Congress (KKC) and Most Backward Communities Federation demonstrators lying on the road in..

Rajesh Talwar arrives at his residence in Noida on Monday after he, along with his wife Nupur, was..

Rajesh Talwar arrives at his residence in Noida on Monday after he, along with his wife Nupur, was..

Social activists sit near earthen lamps, lit in a formation that reads 'No Crackers', to urge ...

Social activists sit near earthen lamps, lit in a formation that reads 'No Crackers', to urge ...

Dentist-couple Nupur and Rajesh Talwar coming out of the Dasna Jail in Ghaziabad on Monday after ...

Dentist-couple Nupur and Rajesh Talwar coming out of the Dasna Jail in Ghaziabad on Monday after ...

Widows celebrating Diwali at Gopinath Temple in Vrindavan near Mathura on Monday...

Widows celebrating Diwali at Gopinath Temple in Vrindavan near Mathura on Monday...

Widows attending the marriage ceremony of a young widow at Gopinath Temple in Vrindavan near ...

Widows attending the marriage ceremony of a young widow at Gopinath Temple in Vrindavan near ...

Bollywood actress Vaani Kapoor presents a creation during a fashion event in New Delhi on Saturday..

Bollywood actress Vaani Kapoor presents a creation during a fashion event in New Delhi on Saturday..

Newly elected Allahabad University Students Union President Avanish Kumar Yadav (center) along..

Newly elected Allahabad University Students Union President Avanish Kumar Yadav (center) along..

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.