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
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?
 Last date for filing income tax return (ITR)

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 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting