926 Branches of Public and Private sector bank authorised to receive advance income tax in Mumbai

Reserve Bank of India (RBI) and 926 computerized branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai, apex bank said in a statement.These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches.

RBI has advised income tax assesses to take advantage of these standing arrangements made for their convenience.

Long queues and inconveniences can be avoided at the RBI counters if the assesses in Mumbai and Navi Mumbai utilize the services being made available at various designated branches of banks and deposit their income tax dues well in advance of the last date.

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