RBI said remitting I-T dues towards the end of December every year becomes too far heavy and makes it difficult to cope with the pressure of issuing receipts despite opening additional counters to the maximum extent possible.
"Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods.. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices," RBI said in a notification.
Most of the agency banks designated to collect the dues also have online payment facilities to pay taxes.
The 29 agency banks who are authorised to accept the payments of I-T dues are : SBI, ICICI Bank, HDFC Bank, Axis Bank, Punjab National Bank, IDBI Bank, Bank of Baroda, Canara Bank, Corporation Bank, Bank of India, Allahabad Bank, Andhra Bank and Central Bank of India.
The others are : Bank of Maharashtra, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sindh Bank, Syndicate Bank and UCO Bank.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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