Banks open this Saturday, Sunday to collect quarterly advance tax
September, 13th 2013
Banks authorized to collect advance tax payments will function full day this coming Saturday besides being open on Sunday.
"All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments," finance ministry said in a statement on Thursday.
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.
Payment of quarterly advance tax on or before 15th September, 2013 by the tax payers is a statutory requirement. "All such tax payers who are liable to pay advance tax must make payments in the designated branches of the banks authorized to accept tax payments," it said. The 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.