RBI appealed Income Tax assesses to pay Income Tax in advance

Reserve Bank asked people to pay dues in advance by using banks and other alternate channels to avoid rush during end of March.

"Pay I-T dues in advance at RBI or at authorised bank branches. Appeal to income tax assesses to remit their income tax dues sufficiently in advance of the due date ", RBI said in a release. 

It becomes difficult for RBI to cope with the pressure of issuing receipts at the end of March. There are so many applicants towards the end of March. RBI needs to implement more counters for this purpose.

Assesses can use other options like online payment facility and can select branches of agency banks.

A total of 29 agency banks has been authorised to accept payments of Income-Tax dues. 
 

Banks include SBI, HDFC Bank, ICICI Bank, Axis, Bank, Punjab National Bank, Bank of Baroda, Bank of India, Indian Overseas Bank. 

 Other banks are Corporation Bank, Dena Bank, Canara Bank, Central Bank of India, Syndicate Bank and others. 

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