1041 branches of banks to accept advance IT

As many as 1041 computerized branches of public and private sector banks are likely to receive advance income tax (I-T) in Mumbai and Navi Mumbai, said the Reserve Bank of India (RBI).

These arrangements have been made for the convenience of the income tax assesses, it added.

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 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 (I-T) dues well in advance of the last date.

http://www.myiris.com/newsCentre/storyShow.php?fileR=2008111819562

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1041 branches of banks to accept advance IT