RBI asks taxpayers to pay dues in advance

The Reserve Bank on Monday issued an advisory asking taxpayers to pay their dues well on time to avoid last-minute rush. In a statement, the central bank said it is observed that 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. The due date for first instalment of advance tax for 2018-19 is June 15.