Pay IT Dues in Advance at Authorised Bank Branches: RBI

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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. 

Also read: Income Tax Slabs for Financial Year 2015-16 or Assessment year 2016-17

Pay IT Dues in Advance at Authorised Bank Branches: RBI

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 Reserve Bank of India has been far too heavy towards the end of June every year.

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, the RBI said in the notification.

Click to know the twenty-nine agency banks are authorised to accept payments of Income Tax dues.

Read more about: rbi, income tax
Story first published: Tuesday, May 19, 2015, 11:20 [IST]
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