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IRS (Income Tax) | |
Service overview | |
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Founded | 1944 (as Income Tax Service) 1953 (as Indian Revenue Service IT) |
Headquarters | North Block, New Delhi |
Country | India |
Staff colleges | |
Cadre controlling authority | Department of Revenue, Ministry of Finance |
Minister responsible | Nirmala Sitaraman, Minister of Finance |
Legal personaliity | Governmental Civil service |
Cadre strength | 4192 (Income Tax)[1] |
Selection | Civil Services Examination |
Associations |
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Service chief | |
Chairperson, CBDT | Ravi Agarwal, IRS (IT) |
Head of the civil services | |
Cabinet Secretary | T. V. Somanathan, IAS |
This article is part of a series on the |
Politics of India |
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India portal |
The Indian Revenue Service (Income Tax) (IAST: Bhāratīya Rājasva Sevā), often abbreviated as IRS (IT), is the administrative revenue service of the Government of India. As a Central Service, it functions under the Department of Revenue of the Ministry of Finance and is under the administrative direction of the Revenue Secretary and the ministerial command of the Minister of Finance. The IRS is primarily responsible for collecting and administering direct taxes accruing to the Government of India.
The IRS (Income Tax) is controlled by a statutory body, the Central Board of Direct Taxes (CBDT). The duties of the IRS (IT) include providing tax assistance to taxpayers, pursuing and resolving instances of erroneous or fraudulent tax filings, and formulating and enforcing policy concerning income tax in India.
In the 2015 fiscal year, the IRS (IT) processed 3,91,28,247 returns[2] and collected ₹6.95797 lakh crore (equivalent to ₹11 trillion or US$130 billion in 2023) in gross revenue, spending ₹6 (equivalent to ₹9.00 or 11¢ US in 2023) for every ₹1,000 (equivalent to ₹1,500 or US$18 in 2023) it collected.[3] The relative contribution of direct tax to the overall tax collection of the Central Government has risen from about 36% to 56% over the period of 2000–01 to 2013–14. The contribution of direct tax-to-GDP has doubled (from about 3% to 6%) during the same period.[4]
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