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 June every year despite providing additional counters to the maximum extent possible for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assesses are advised to avoid last minute rush by remitting their Income-tax dues sufficiently in advance of the due date.

In addition, select branches of accredited agency banks as indicated below at Mumbai have been authorized to accept payments of Income Tax dues. Most of these banks are also providing facilities for on-line payment of taxes. The assesses may take advantage of these arrangements for their convenience.

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 : 2016-2017/3068

 

Advance payment of income-tax dues recommended to avoid last-minute queues; authorised banks accept payments and offer online facilities. Taxpayers are advised to remit Income-tax dues well in advance of the due date to avoid congestion at RBI counters. Select branches of accredited agency banks in Mumbai have been authorised to accept Income-tax payments, and many of these branches provide on-line payment facilities as alternatives to RBI counters to expedite remittance and minimise queueing.