NEW DELHI, MAY 26: In a bid to streamline the process, the Government has decided to collect income tax through computerised branches of the public sector banks.According to finance ministry sources, the issue had already been discussed with the Reserve Bank of India (RBI) and the tax payers would be able deposit tax at all the computerised branches of the public sector banks from August.Currently the facility of depositing tax is available only at select branches of the public sector banks.The government is also looking at the possibility of refunding the excess tax paid through the computerised branches. With the system in place, the refunds would be directly deposited in the account of the tax payers.The ministry, sources said, might also allow banks to accept tax returns and forward the same to the income tax department. However, no decision has yet been taken in this regard.Sources further said that all out efforts would be made to achieve the revenue targets fixed in the budget. The department is expected to mop up Rs 2,03,673 crore during the fiscal 2000-01 and against Rs 1,79,504 crore in the previous financial year.The revenue department, sources said, will undertake periodic review of the collection figures and take appropriate corrective actions.According to finance ministry sources, the department would also closely monitor the industry trends and refix the targets to achieve better results. Emphasis will also be given on interaction with tax payers, training of tax personnel, delegation of decision making powers and computerisation, sources added.
