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RBI advises taxpayers to pay dues on time

Due date for the first installment of advance tax for the assessment year 2018-19 is June 15

Press Trust of India  |  Mumbai 

The Reserve Bank today issued an advisory asking taxpayers to pay their dues well on time to avoid the last-minute rush. The central bank said in a statement that, it is observing the rush for remitting income tax dues through the RBI has been far too heavy towards the end of June every year.   Consequently, the people are required to wait in queues for long periods unnecessarily, the apex bank said, adding this happens despite providing additional counters to the maximum extent possible for the purpose.   "To obviate the inconvenience involved assesses ...

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First Published: Tue, May 16 2017. 01:43 IST
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