Press Esc to close
Saturday 25 June 2016
News updated at 9:06 PM IST
Weather
Max: 27.5°C
Min : 19.4°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
Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Local train on water logged railway track in Thane on Saturday. Local train services...

Local train on water logged railway track in Thane on Saturday. Local train services...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

Puneri Paltan captain Manjeet Chillar poses for media during a press conference of Pro Kabaddi...

Puneri Paltan captain Manjeet Chillar poses for media during a press conference of Pro Kabaddi...

John Abraham, Varun Dhawan and Jacqueline Fernandez during the pramotion...

John Abraham, Varun Dhawan and Jacqueline Fernandez during the pramotion...

Former cricketer Venkatesh Prasad being feliciated with an Assamese traditional ...

Former cricketer Venkatesh Prasad being feliciated with an Assamese traditional ...

Modi paying floral tributes at the bust of former Prime Minister Lal Bahadur Shastri...

Modi paying floral tributes at the bust of former Prime Minister Lal Bahadur Shastri...

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