RBI directs 926 bank branches to accept advance income tax

In a bid to make tax filing easier, the Reserve Bank of India (RBI) on Wednesday asked 926 branches of public and private sector banks in Mumbai to accept advance income tax.

Out of total 926 bank branches, 862 branches are of public sector bank branches, the RBI said in a statement.

Among the private sector bank branches, 35 are of HDFC bank, 10 of ICICI Bank and 19 of AXIS Bank.

The Reserve Bank of India has advised income tax assessees to take the due advantage of these standing arrangements made for their convenience.

"Long queues and inconveniences can be avoided at the Reserve Bank of India counters if the assessees 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," the RBI said.

"These arrangements have been made for the convenience of the income tax assessees," it said.

-With inputs from IANS