RBI authorised 29 banks to accept payments of Income Tax dues

By | August 14, 2016

Date : Aug 12, 2016

Pay IT dues in advance at RBI or at authorised bank branches – September 2016

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. 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 September every year and 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.

Twenty-nine agency banks are authorised to accept payments of Income Tax dues. These are:

1. Allahabad Bank 16. Syndicate Bank
2. Andhra Bank 17. UCO Bank
3. Bank of Baroda 18. Union Bank of India
4. Bank of India 19. United Bank of India
5. Bank of Maharashtra 20. Vijaya Bank
6. Canara Bank 21. State Bank of India
7. Central Bank of India 22. State Bank of Bikaner & Jaipur
8. Corporation Bank 23. State Bank of Hyderabad
9. Dena Bank 24. State Bank of Travancore
10. IDBI Bank 25. State Bank of Mysore
11. Indian Bank 26. State Bank of Patiala
12. Indian Overseas Bank 27. HDFC Bank Ltd.
13. Oriental Bank of Commerce 28. Axis Bank Ltd.
14. Punjab & Sindh Bank 29. ICICI Bank Ltd.
15. Punjab National Bank

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/396

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