Chennai:
The Chennai circle of the Income Tax Department has crossed its target for the first time in its history, collecting Rs 34, 586 crore against the target of Rs 33041 crore in 2011-12.
Addressing a function organised to inaugurate 'Aayakar Seva Kendra' (Income Tax Service Centre) on Tuesday, Chief Commissioner of Income Tax, Gyan Chand Jain, said this was possible only because of the awareness campaign launched by the Government.
The circle had achieved the target despite overall recession and increase in cost of living, he said.
Mr Jain said Tax Deducted at Source (TDS) formed 37 per cent of the total collections. Among the top Income Tax (IT) payers in Tamil Nadu were the Indian Bank, the Indian Overseas Bank, the Infrastructure Development Corporation and auto major Hyundai.
Information Technology company Cognizant Technology Solutions (CTS) had paid Rs 100 crore in income tax last fiscal. Mr Jain said the circle also excelled in tax refunds. It had refunded Rs 5, 279 crore in 2011-12.
There are over 26 lakh income tax assessees in the circle, he said.
Sudha Sharma, Member, Central Board of Direct Taxes (CBDT) said the south zone had been sanctioned 15 Ayakkar Seva Kendras. In Tamil Nadu, Seva Kendras had been opened at Coimbatore and Tiruchirapalli and it would be opened soon at Salem, Madurai and Chennai.
Ms Sharma said there was good response to the online income tax filing facility with 1.5 lakh returns being filed through this method in Tamil Nadu circle alone. From 2012-13, IT returns of those earning more than Rs 10 lakh should be compulsorily online.
Addressing a function organised to inaugurate 'Aayakar Seva Kendra' (Income Tax Service Centre) on Tuesday, Chief Commissioner of Income Tax, Gyan Chand Jain, said this was possible only because of the awareness campaign launched by the Government.
The circle had achieved the target despite overall recession and increase in cost of living, he said.
Mr Jain said Tax Deducted at Source (TDS) formed 37 per cent of the total collections. Among the top Income Tax (IT) payers in Tamil Nadu were the Indian Bank, the Indian Overseas Bank, the Infrastructure Development Corporation and auto major Hyundai.
Information Technology company Cognizant Technology Solutions (CTS) had paid Rs 100 crore in income tax last fiscal. Mr Jain said the circle also excelled in tax refunds. It had refunded Rs 5, 279 crore in 2011-12.
There are over 26 lakh income tax assessees in the circle, he said.
Sudha Sharma, Member, Central Board of Direct Taxes (CBDT) said the south zone had been sanctioned 15 Ayakkar Seva Kendras. In Tamil Nadu, Seva Kendras had been opened at Coimbatore and Tiruchirapalli and it would be opened soon at Salem, Madurai and Chennai.
Ms Sharma said there was good response to the online income tax filing facility with 1.5 lakh returns being filed through this method in Tamil Nadu circle alone. From 2012-13, IT returns of those earning more than Rs 10 lakh should be compulsorily online.
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