RBI, 926 bank branches to collect advance tax in Mumbai
Mumbai: The Reserve Bank and 926 bank branches will collect advance tax in Mumbai and Navi Mumbai.
"As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses," RBI said in a notification Wednesday.
It said as many as 862 of these bank branches are from public sector, 35 are from HDFC Bank, 10 from ICICI Bank and 19 from Axis Bank.
RBI said long queues and inconveniences can be avoided at its 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.