Press Esc to close
Sunday 31 July 2016
News updated at 2:47 PM IST
Weather
Max: 23.2°C
Min : 19.8°C
In Bengaluru
Generally cloudy

Infosys unveils central processing centre for TDS

Bangalore, Feb 23, 2013 (IANS)

Indian IT bellwether Infosys Ltd Saturday unveiled a central processing centre at Ghaziabad in Uttar Pradesh to enable the income tax department to efficiently administer tax deduction at source (TDS).

Set up under the Centre's e-governance initiative, the state-of-the-art facility will process a whopping 400 million TDS submissions filed by about one million entities annually. It has been established in Ghaziabad, which is abutting Delhi.

Finance Minister P. Chidambaram dedicated the centre to the nation at a special ceremony held on the occasion.

The state-run tax department selected the global software major in 2011 as its managed services provider to process TDS filings by business entities.

"As we have been processing tax filings online since 2008, about 30 million tax filings and related refunds were processed over the last four-five years," Infosys India business head C.N. Raghupati said at the event.

The new centralised system enables real-time reconciliation of TDS filings and refund claims, instant detection of erroneous claims and faster payment of verified claims.

"As part of the new agreement, we provide comprehensive services to the department, including technology infrastructure, maintenance and upgrade of applications for the tax deduction reconciliation, analysis, and correction enabling system," Raghupati pointed out.

Speedy processing of filings will also help the government save significantly by reducing the interest accumulation on delayed tax refunds.


Go to Top

Photo Gallery
Indian transgender, Bharatanatyam dancer Lakshya performs during 'Expression Beyond Gender...

Indian transgender, Bharatanatyam dancer Lakshya performs during 'Expression Beyond Gender...

Villagers take part in traditional Boat race in flood water in Morigaon district of Assam...

Villagers take part in traditional Boat race in flood water in Morigaon district of Assam...

Dhoni felicitates Gold Medalists Indian Archer players during a programme...

Dhoni felicitates Gold Medalists Indian Archer players during a programme...

A Mahila congress party worker holds a garland made of vegetables during protest over price...

A Mahila congress party worker holds a garland made of vegetables during protest over price...

A single horned rhino swims through flood waters in flood-hit Kaziranga National Park, in Assam...

A single horned rhino swims through flood waters in flood-hit Kaziranga National Park, in Assam...

Artist from Venkateshwara Natyamandira performing Bharatanatya on the occasion of KS&DL Centenary...

Artist from Venkateshwara Natyamandira performing Bharatanatya on the occasion of KS&DL Centenary...

Army personnel take position at the site of encounter where two Army soldiers and two militants ...

Army personnel take position at the site of encounter where two Army soldiers and two militants ...

An deserted and aerial view of Anand Rao circle fly over on Sheshadri road following the bandh...

An deserted and aerial view of Anand Rao circle fly over on Sheshadri road following the bandh...

A Dog is seen sitting in front of closed Shopping mall with Kannada flag displed during Karntaka...

A Dog is seen sitting in front of closed Shopping mall with Kannada flag displed during Karntaka...

An elephant moves through a waterlogged street after heavy rains in New Delhi on Friday...

An elephant moves through a waterlogged street after heavy rains in New Delhi on Friday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523