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Banks to remain open this weekend to collect advance tax

By Religare
Banks to remain open this weekend to collect advance tax
In a bid to collect advance tax payments, the authorized banks will operate full day on this coming Saturday and Sunday that is on 14th and 15th September, 2013. According to the statutory requirement, payment of quarterly advance tax on or before 15th September, 2013 is mandatory, said the media report.

However, if any tax payer fails to pay the advance tax on these two days, then the person can make the payment on September 16, it added.

"All such tax payers who are liable to pay advance tax must make payments in the designated branches of the banks authorised to accept tax payments," Finance Ministry said in a statement.

Moreover, Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.

Dion Global Solutions Ltd.

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