Banks to receive advance income tax
Moneylife Digital Team 15 March 2012

For hassle-free income-tax (I-T) collection, RBI has designated 926 computerised branches of public and private sector banks to receive advance tax payments from people residing in Mumbai and Navi Mumbai.

Of the 926 bank branches, 862 are public sector bank branches, while the rest are private sector banks, including HDFC, ICICI and Axis Bank. Long queues can be avoided at the RBI counters, if...

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