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Chennai I-T circle crosses target for 1st time

The Chennai circle of Income Tax Department has collected Rs 34,586 crore in 2011-12.

Written by Agencies | Tiruchirappalli | Published: April 17, 2012 5:08:50 pm

The Chennai circle of Income Tax Department had crossed its target for the first time in its history,collecting Rs 34,586 crore against the targetted Rs 33,041 crore in 2011-12.

Addressing a function organised to inaugurate ‘Aayakar Seva Kendra’ here today,Chief Commissioner of Income Tax Gyan Chand Jain said this was possible only due to the awareness campaign launched by the Government.

The circle had achieved it despite overall recession,power cut and increase in cost of living,he said.

Jain said Tax Deducted at Source (TDS) formed 37 per cent of the tax collected. Among the top IT payers in Tamil Nadu were Indian Bank,Indian Overseas Bank,Infrastructure Development Corporation and Hyundai.

IT major CTS had paid Rs 100 crore.

Jain said the circle also excelled in refunding money. It had refunded Rs 5,279 crore. There are over 26 lakh income tax assessees in the circle,he said.

Sudha Sharma,Member,Central Board of Direct Taxes,said the south zone had been sanctioned 15 Ayakkar Seva Kendras. In Tamil Nadu,Sevakendras had been opened at Coimbatore and Tiruchirapalli and it would be opened soon at Salem,Madurai and Chennai.

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.

Union Minister of state for finance Palani Manickam said 14 IRS probationers would be appointed to the Tamil Nadu circle. However,there was a heavy shortfall of staff,with over 40 per cent at various levels,he said.

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