With its focus being on e-governance, the Income Tax (I-T) department is planning to equip itself with the latest technology for the benefit of taxpayers.
"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 taxpayers," Finance Minister Pranab Mukherjee said at the closing ceremony of the celebrations on competition of 150-years of the I-T department.
Lauding the efforts of the I-T department in revenue collection, he said the department has matured into an organisation that has consistently mobilised the resources needed for financing the development of the country.
The direct tax collections account for more than 56% of the total revenue collections of the central government. The direct tax mop up was Rs 4.46 lakh crore in 2010-11.
Under the e-payment system, taxpayers have the facility to pay their taxes online, through ATMs, debit cards or cheques at bank branches across the country.
Since the launch of e-filing system in 2006-07, the number of taxpayers filing returns electronically has increased from 3.63 lakh to about 92 lakh in the last fiscal.
Acknowledging that tax collection is a tidious task, Mukherjee said it could become more acceptable and participatory if taxpayers knows that their contributions are being used for nation building.