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Pay IT dues in advance at RBI or at authorised bank branches, says Reserve Bank

Updated: Aug 27, 2014 12:26:10pm
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Mumbai, Aug 27 (KNN) 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 RBI has been far too heavy towards the end of September 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, RBI said in a release.

Twenty-nine agency banks are authorised to accept payments of Income Tax dues. Some of them are Corporation Bank, Central Bank of India, State Bank of India etc. (KNN/SD)

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