NEWS & ADVICE : SAVINGS ACCOUNTS
Use alternative channels to beat disruptions at branches: FinMin
By Neelima Shankar
Dec 11, 2012
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The Finance Ministry wants to make sure that calamity or other disruptions at banks or branches should not disrupt revenue collections.

The Ministry has asked public to use alternative channels as Internets, ATMs and other e-payment means to pay tax and other statutory dues when in case of service disruptions at the banks or branches in handling government business.

A banker said that as the revenue collection have turned slow due to the general economic slowdown so the ministry doesn't want any kind of disruption in the revenue collection.

During April-October of the financial year 2012-13, Gross direct tax collection increased by just 6.59 per cent and stood at Rs 3,02,810 crore against Rs 2,84,081 crore in the same period last year.

For tax collection, if in case banks/RBI is not available, then the finance ministry wants Internet based tax payment facilities of banks to be used for making payments through debit/credit cards. Alternative channels like payment trough ATMs or through bank account can also de done.


 


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