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RBI urges income tax payers to pay dues in advance; tax can be paid through 29 authorised bank branches

By TIOL News Service

MUMBAI, MAY 14, 2014: THE Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that 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.

It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of June every year and it becomes difficult for the Reserve Bank to cope with the pressure of issuing receipts although additional counters to the maximum extent possible are provided for the purpose.

Twenty-nine agency banks are authorised to accept payments of Income Tax dues. These are:

1.

Allahabad Bank

16.

Syndicate Bank

2.

Andhra Bank

17.

UCO Bank

3.

Bank of Baroda

18.

Union Bank of India

4.

Bank of India

19.

United Bank of India

5.

Bank of Maharashtra

20.

Vijaya Bank

6.

Canara Bank

21.

State Bank of India

7.

Central Bank of India

22.

State Bank of Bikaner & Jaipur

8.

Corporation Bank

23.

State Bank of Hyderabad

9.

Dena Bank

24.

State Bank of Travancore

10.

IDBI Bank

25.

State Bank of Mysore

11.

Indian Bank

26.

State Bank of Patiala

12.

Indian Overseas Bank

27.

HDFC Bank Ltd.

13.

Oriental Bank of Commerce

28.

Axis Bank Ltd.

14.

Punjab & Sindh Bank

29.

ICICI Bank Ltd.

15.

Punjab National Bank

   

 


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