RBI Looks At Advance Income Tax Collection

The Reserve Bank of India (RBI) is prepared for advance income tax collection at 910 computerised branches of public and private sector banks in Mumbai and Navi Mumbai apart from its own centres. Of the 910 bank branches, 833 branches are of public sector banks, 36 of HDFC, 9 ICICI Bank, 19 UTI Bank and 13 IDBI Bank. Long queues and inconveniences can be avoided at the RBI 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.