Some Delhi bank branches can accept advance IT: RBI

To make it convenient for the corporate tax assessees, the Reserve Bank today extended the facility for payment of advance income tax to branches of all state-owned and select private banks in Delhi. "State Bank of India branches, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank and IDBI Bank branches at Delhi/New Delhi are authorised to accept payment of income tax dues in cash or cheques," the RBI said in a statement. Hitherto the central bank alone used to collect the quarter-end income tax dues from the assessees. "It is observed that the rush for remitting income tax dues into the RBI has been far too heavy... and it becomes difficult for the RBI to cope up with the pressure of receipts although additional counters are provided for the purpose," it said. The move was taken for the convenience of the assessees in Delhi and New Delhi, so that they could utilise the services being made available at the authorised banks. The apex bank also advised people to remit their income tax dues sufficiently in advance of the due date to avoid last minute rush. 

Moneycontrol