1041 branches of Banks to accept Advance Income Tax
1041 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. Of the 1041 bank branches 983 branches are public sector bank branches, 30 HDFC bank branches, 9 ICICI bank branches and 19 AXIS bank branches.
The Reserve Bank of India 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 Reserve Bank of India 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.