NEWS & ADVICE : FIXED DEPOSITS
926 branches in Mumbai region to receive advance income tax: RBI
By Neelima Shankar
May 14, 2010
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The Reserve Bank of India has declared that 926 branches from both public and private sector banks would be acceting advance income tax in the Mumbai region. The Mumbai region encompasses both Mumbai and Navi Mumbai.

Out of these 962 branches, 862 branches would be from public sector banks, 35 branches from HDFC Bank, 10 from ICICI Bank and 19 from Axis Bank.

The arrangements of such kind have been made in order to make income tax assesses more convenient.

The RBI has advised that these measures should be used by income tax assessees in order to benefit from such arrangements and prevent hassles.

"Long queues and inconveniences can be avoided at the Reserve Bank of India counters if the assesses 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," the RBI said.

 

 


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