Income Tax Department Cadre Restructuring Proposal approved by Cabinet
Income Tax Department Cadre Restructuring Proposal approved by Cabinet – CBDT to get 20751 additional staff and officers
Restructuring of the Income Tax Department
An additional expenditure of Rs. 449.71 crore per annum is likely to be incurred on creation of additional posts and upgradation of some existing posts. This additional expenditure would be more than compensated by the increased revenue of more than Rs. 25,000 crore per annum proposed to be generated as a result of this exercise.
Source: Press Information Bureau
Business Standard reports on CBEC Cadre Restructuring Proposal as well as CBDT Cadre Restructure as follows:
Meanwhile, there is another proposal for a cadre restructuring of Central Board of Excise & Customs (CBEC). This will add 20,000 officers to its existing workforce of 66,808 officers, taking it to 86,808, and this may give additional revenue of about Rs 68,000 crore.
The CBEC’s proposal may take a little longer as it is running behind CBDT proposal in terms of securing some key approvals. The proposal was recently approved by Chidambaram. It will now have to be cleared by the Department of Expenditure and then the Department of Personnel and finally the Cabinet.
So, both the proposals would add to extra over Rs 93,000 crore a year to the government kitty. This means that each employee will add to Rs 2.28 crore a year to the government kitty on an average.
The additional revenue will be over and above the Budget Estimates of Rs 6,68,109 crore for direct taxes and Rs 5,65,002 crore for indirect taxes. However, the entire workforce may not be added within this financial year even if the proposals are cleared soon.
Source: Business Standard