RBI asks tax-payers to avoid last hour rush
Updated: Mar 18, 2013 05:35:50pm
This will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices, the central bank said in a statement.
“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 March 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,” it said.
Twenty-nine agency banks have been authorised to accept payments of Income Tax dues. These include Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sindh Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank. (KNN)