Delhi TDS collection in 2016-17 targeted at Rs 46,739 cr

New Delhi, July 12 (IANS) The government targets Rs 46,739 crore through TDS from the Delhi region in 2016-17, which is 41 per cent of the overall target, a top Income Tax official said here on Tuesday.

“Our target as on date is about Rs 46,739 crore from Delhi region out of Rs 1,15,000 crore, the overall target for current fiscal,” Chief Commissioner of Income Tax-TDS Nutan Sharma said while inaugurating a seminar on ‘Tax Deduction At Source (TDS)’ organised by Associated Chambers of Commerce and Industry of India (Assocham).

“TDS is the main source of revenue not only in direct taxes, but also in the overall collection of the government. We have collected almost 45 per cent of the entire collection of Delhi through TDS,” she added.

For Delhi region, the tax department has been seeing a consistent growth of 14-15 per cent in TDS collection since restructuring of the department in 2014.

In e-awareness drive, over 3.5 crore educational and awareness emails were sent to specific target group of deductors to sensitise them on TDS compliance.

–IANS

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