Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?
 ITR filing: Tax rules on income from house property that your should know
 CBDT likely to issue rules on angel tax next week
 Pension Taxation: Everything you need to know for ITR filing
 Income tax guide on pension: How to file pension income in ITR?
 Six Tax Deducted at Source (TDS) Rules Changed. Heres What Every Taxpayer Should Know
 ITR filing rules for children 2023: When is it mandatory to pay taxes and file returns?
 ITR filing Last Date 2023-2024: Due date to file Income Tax Return
 Know All Income Tax Due Dates for 2023: CBDT Releases E-Calender
 Missed filing ITR? Deadline to file belated income tax return to end on December 31
 Income Tax Return: Regular filers getting intimation with pending status for not filing ITR yet

RBI asks taxpayers to pay income tax dues in advance
November, 21st 2014

The Reserve Bank on Wednesday asked taxpayers to deposit income tax dues in advance at RBI or authorised bank branches to avoid last minute rush at December end.


Pay I-T dues in advance at RBI or at authorised bank branches. The RBI appeals to income tax assessees to remit their income tax dues sufficiently in advance of the due date, RBI said in a release.

RBI has advised taxpayers to deposit dues in advance keeping in view the public rush towards the end of December every year for payment.

The apex bank said tax dues can be paid at RBI or at 29 authorised bank branches including that of SBI, ICICI Bank, HDFC Bank, Axis Bank and Punjab National Bank Branches of Allahabad Bank, Syndicate Bank, Andhra Bank, UCO Bank, Bank of Baroda, Union Bank of India, Bank of India, United Bank of India, Bank of Maharashtra, Vijaya Bank, Canara Bank, Central Bank of India, State Bank of Bikaner & Jaipur have also been designated by RBI to collect the income tax dues in advance.

Income tax assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks.

It said rush for remitting income tax dues through the RBI has been far too heavy towards the end of December every year and it becomes difficult for it to cope with the pressure of issuing receipts although additional counters to the maximum extent possible are provided for the purpose.

These will obviate the inconvenience involved in standing in long queues at the RBI offices, it added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting