Banks authorised to accept TDS Payment U/s. 194IA

 Following Banks are authorised to accept TDS payment u/s. 194IA?

  1. Allahabad Bank
  2. Andhra Bank
  3. Axis Bank
  4. Bank of Baroda
  5. Bank of India
  6. Bank of Maharashtra
  7. Canara Bank
  8. Central Bank of India
  9. Corporation Bank
  10. Dena Bank
  11. HDFC Bank
  12. ICICI Bank
  13. IDBI Bank
  14. Indian Bank
  15. Indian Overseas Bank
  16. Jammu & Kashmir Bank
  17. Oriental Bank of Commerce
  18. Punjab and Sind Bank
  19. Punjab National Bank
  20. State Bank of Bikaner & Jaipur
  21. State Bank of Hyderabad
  22. State Bank of India
  23. State Bank of Mysore
  24. State Bank of Patiala
  25. State Bank of Travancore
  26. Syndicate Bank
  27. UCO Bank
  28. Union Bank of India
  29. United Bank of India
  30. Vijaya Bank
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1 thought on “Banks authorised to accept TDS Payment U/s. 194IA

  1. KS MURTHY

    Hello,
    I work for a Public Sector Bank.At my Branch we provide express service. So many persons NON-Customers walk in,to pay TDS through cash.This puts pressure on the limited Staff.This Hampers to give better Service to our valid customers.And Bank earns no commission on this.But we are Obliged to accept TDS cash challan as it is Government Tax Collection.
    My argument is that,when One is need to pay Tax will definitely have some Bank account.For other Banking services he uses other bank and for paying TDS comes to us why?Does their Bank discourages/refuses to collect Tax.
    In some cases they present their own cheque drawn on other banks.We need to present them in clearing and on realization have to pass the challan. Why not the same chequ be presented in the same bank along with Tax challan?
    It looks very odd.

    My view point is that A Customer may Pay Tax Challan through Cash from other bank where by he would bring his Tax bracket to the lower slab,in such cases Government would stand to loose some tax collection because cash used to pay TDS is not accounted for income,but Tax paid can be reduced from the Taxable amount.
    Please clarify Banks stand on this.whether we can advice the customer to pay the challan through their accounts only.

    with regards
    KS MURTHY
    9246151223

    Reply

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