RBI, 965 branches of Banks to accept Advance Income Tax

Mumbai, Aug 25 (UNI) Over 965 computerised branches of public and private sector banks will receive advance income tax in the city and adjoining Navi Mumbai.

These arrangements have been made for convenience of the income tax assesses. Of the 965 bank branches, 900 branches are public sector bank branches, 36 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches.

The Reserve Bank of India (RBI) has advised income tax assesses to take advantage of these standing arrangements made for their convenience, a release issued by RBI said.

Long queues and inconveniences can be avoided at the Reserve Bank of India counters if the assesees in Mumbai and Navi Mumbai utilise the services being made available at various designated branches of banks and deposit their income tax dues well in advance of the last date.

UNI AR SR SKB1946