Income Tax Online

To pay taxes online the taxpayer should log on to

https://onlineservices.tin.nsdl.com/etaxnew/Index.html


Procedure for e-payment:
1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.
2. Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.
3. If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.
4. On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.
5. The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.
6. On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

Indian IT Industry

Indian software industry will touch $60 bn in 2009

Nila ,Technopark ,Trivandrum

• The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown. The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.
• Due to the strong fundamentals and as a derivative of the value of global customers, the Indian industry will continue to grow in spite of global slowdown.

Following are the key highlights of Nasscom's projections:
-Total IT-BPO industry to touch 71.7 billion in 2008-09
-The industry to account for 5.8 percent of the country's gross domestic product
-Domestic BPO market to growth by over 40 percent
-BPO exports estimated to grow by 17.5 percent to $12.8 billion
-IT services exports estimated to grow by 16.5 percent to $26.9 billion
-Software products, engineering services to grow by 14.4 percent to $7.3 billion
-Exports to Europe log highest growth, while US remains dominant market
-Uncertain economic environment to prevail in 2009
-Indian IT industry expected to grow 15 percent annually till 2010-11
-Exports projected to $60-62 billion by 2010-11
-Industry remains a net hirer with 2.23 million new direct Jobs
-Indirect job creation estimated at 8 million (IANS)