Indian Income Tax Department and Infosys Launch Central Processing Center for Efficient Administration of Tax Deducted at

PR Newswire/Les Echos/ 
 Indian Income Tax Department and Infosys Launch Central Processing Center for 
         Efficient Administration of Tax Deducted at Source 
New Delhi - February 23, 2013: The Income Tax Department (ITD) of India and
Infosys today announced the launch of a state-of-the-art Central Processing
Center for efficient administration and processing of Tax Deducted at Source
(TDS). The TDS facility will process more than 400 million tax deduction
submissions filed by nearly 1 million entities annually. India's Union Minster
of Finance, Shri. P. Chidambaram dedicated the facility to the nation at a
special ceremony today. 
Infosys has been processing tax returns filed online by Indian citizens since
2008. Till date, the company has successfully processed more than 30 million 
tax filings and related refunds. In 2011, ITD selected Infosys as its managed
services provider to facilitate central processing of TDS filings by business
entities. As part of this new agreement, Infosys provides comprehensive 
services to the department including technology infrastructure, maintenance, 
and upgrade of applications for the Tax Deduction Reconciliation, Analysis, 
and Correction Enabling System, better known as TRACES. 
The new centralized system enables:
  * Real-time reconciliation of TDS filings and refund claims
  * Instant detection of erroneous claims and faster payment of verified 
  * Significant savings for the government by reducing the interest  
accumulation on delayed tax refunds 
C. N. Raghupati, Head - India Business, Infosys said: "The launch of the new 
CPC will play a key role in increasing the efficiency of tax filing for 
entities and processing of TDS for the Income Tax Department. We are delighted 
to partner with the ITD in their endeavor to improve the tax-payer experience 
in India." 
About Infosys
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companies. As a leading provider of next-generation consulting, technology, and
outsourcing solutions, Infosys helps clients in more than 30 countries realize
their goals.
Visit and see how Infosys (NYSE: INFY), with its 150,000+
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For further information please contact: 
EMEA                           Asia Pacific
Paul de Lara                   Sarah Vanita Gideon  
Infosys, United Kingdom        Infosys, India
Phone: +44 2075162748          Phone: +91 80 4156 4998  
Australia                      Americas
Cristin Balog                  Danielle D'Angelo
Infosys, Australia             Infosys, United States
Phone: +61 3 9860 2277         Phone: +1 510 859 5783 
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-0- Feb/25/2013 07:42 GMT
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