RBI authorises 29 agency banks to accept payments of I-T dues
Posted on: 18 May 2016 09:57:34
18 May 2016 Current Affairs: RBI has authorised 29 agency banks to accept payments of Income Tax dues. RBI has appealed tax payers to remit their income tax dues sufficiently in advance of the due date. In order to minimize the hassle, tax payers can also use the facility of online payment or use alternate channels like the authorized agency banks.
29 agency banks to accept payments of Income Tax dues : Some of the agency banks authorized by RBI to collect tax include Allahabad Bank, UCO Bank, Bank of India, Bank of Maharashtra, Canara Bank, State Bank of India, Central Bank of India, Dena Bank, HDFC Bank Ltd, Oriental Bank of Commerce, Axis Bank Ltd and Punjab National Bank.
RBI has taken this measure as the rush for remitting Income Tax dues becomes far too heavy towards the end of June every year making it difficult for the Reserve Bank to cope with the pressure.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail