Advance tax collection to take place via 926 bank branches
By Neelima Shankar
Nov 11, 2011
Print    Email    RSS   

Payment of advance income tax has been made a lot hassle free for taxpayers in Mumbai and Navi Mumbai. As many as 926 branches of both public as well as private sector lenders in the area will now act as authorized receiving counters for advance income tax.

862 of these branches are of public sector nature and the remaining from private sector banks.

"The arrangements have been made for the convenience of the income-tax assesses. The RBI has advised income-tax assesses to take advantage of the standing arrangements made for their convenience," RBI said in a release.

"Long queues and inconveniences can be avoided at the RBI counters if the assessees in Mumbai and Navi Mumbai utilise the services at various designated branches of banks and deposit their income-tax dues well in advance of the last date," it added.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

ICICI Bank’s recurring deposit scheme
Credit profile and its effect on loan...
Complete guide to TDS on fixed deposits in...
For what purpose do you want to invest in...
Infrastructure bonds: another tax saving...

Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive