Pay IT dues in advance at RBI or at authorised bank branches – December 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 December 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. Most of these banks are also providing facilities for on-line payment of taxes.

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

Ajit Prasad

Assistant Adviser