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With its focus being on the e-governance, the IT (Income Tax) Department is masking plans to equip itself with the modern technology for the welfare of tax payers.Union Finance Minister Mr. Pranab Mukherjee said at the closing ceremony of the jubilations on contest of 150-years of the I-T Department“The Department has focused on e-governance initiatives to meet the challenges of the rapidly changing economic environment and the expectations of the growing number of tax payers,”.

Exalting the efforts of the Income Tax Department in the collection of revenue’s, Union Finance Minister said the department has grew into an organisation that has systematically mobilised the resources that are needed for financing the development of our nation.The direct tax collections account for more than 56 % of the total revenue collections of the central government. The direct tax swab was Rs. 4.46 lakh crore in the year 2010-11.

Under the e-payment system, the tax payers have the facility to pay their taxes online, through debit cards, cheques at bank branches across the country or at ATMs.Since the launch of the e-filing system in 2006-07, the total number of tax payers filing their returns electronically had increased from 3.63 lakh to about 92 lakh in the last financial year.

Admitting that tax collection is a tiresome task, Mr. Pranab said that it could become more satisfactory and participatory if the tax payers knows that their contributions are being used for the welfare of our nation.

Govt plans to equip the IT dept with modern technology says Pranab
Originally published on: All India Today

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