RBI and select branches of Banks to accept Advance Income Tax

It is observed that the rush for remitting Income Tax dues through the Reserve Bank of India has been quite heavy towards the end of March month. It becomes difficult for the Bank to cope with the pressure of receipts although additional counters to the maximum possible extent are provided for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assessees are advised to avoid last minute rush by remitting their Income Tax dues sufficiently in advance of the due date.

In addition, select branches of accredited agency banks as indicated below at Mumbai have been authorized to accept payments of Income Tax dues. Most of these banks are also providing facilities for on-line payment of taxes. The assessees may take advantage of these arrangements for their convenience.

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

Sucheta Vazkar

Manager

Press Release : 2013-14/1675