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RBI, 926 bank branches to collect advance income tax

The RBI and 926 branches of banks will accept advance income tax in Mumbai and Navi Mumbai

May 29, 2012 3:48 IST | India Infoline News Service
To avoid inconvenience to the tax assesses, the Reserve Bank of India (RBI) and 926 branches of banks will accept advance income tax in Mumbai and Navi Mumbai, RBI said on 28th May.
"As many as 926 computerised branches of public and private sector banks will receive... These arrangements have been made for the convenience of the income tax assesses," RBI said in a statement.
Of the 926 bank branches, 862 branches are public bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 Axis bank branches.
The central bank has asked the tax assesses to use these services made available at various designated branches of banks, and deposit income tax dues well in advance of the last date.

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