Tally for Practicing CAs Gold Edition (Multi User) Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
General »
 Cut in states share in tax may become next big flashpoint
 File your Interest Tax Return for AY 2020-21 on time or face a fine of Rs 10,000
 What changed for the market while you were sleeping? Top 10 things to know
 I-T department keeps tolerance range for transfer pricing unchanged
 Income tax rules for annuity received from LIC
 Should you opt for the LTC cash voucher scheme? Here's how much tax you will save
 Income tax refunds worth over Rs 1.23 lakh cr issued to 38.11 lakh taxpayers till Oct 13: CBDT
 Refund to be disbursed in a Validated Bank Account linked with PAN & Aadhaar of the registrant, says Finance Minister
 Key tax changes to kick  in today
 All you need to know about the Vodafone-India tax dispute
 Faceless Income Tax Appeal: Will it bring transparency, reduce corruption?

Pay Income Tax Dues For June In Advance To Beat Rush: RBI
June, 09th 2016

Reserve Bank on Wednesday asked income tax assessees to pay their taxes well in advance to avoid any rush towards June-end.

It has been observed that rush for remitting tax dues at the Reserve Bank of India and other banks authorised to collect income tax towards the end of March, June, September and December is heavy, RBI said in a release.

RBI's logic is it becomes difficult for it to cope with the pressure of receipts although additional counters have been provided for the purpose.

At times, the public is required to wait in queues at the Reserve Bank for long.

"To obviate the inconvenience involved, assessees in the city are advised in their own interest to avoid last-minute rush by remitting their income tax dues sufficiently in advance of the due date," RBI added.

RBI also informed the public that branches of State Bank of India and its associates and all public sector banks can collect such dues.

Besides, select private banks like HDFC Bank, ICICI Bank , Axis Bank, IDBI Bank and J&K Bank in Delhi are also authorized to accept payment in cash or by cheque.

The I-T assessees also have the provision of making online payment of income tax.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting