The Central Board of Direct Taxes (CBDT) has promised to boost tax collections by almost 20 per cent or Rs 10,000 crore over the next three years if given the green signal for a dramatic departmental restructuring programme.
Large numbers of middle-level officers will be promoted to higher grades under the proposal which is likely to be implemented by 2002 or 2003. Simultaneously, more than 2,500 posts in the department will be abolished.
The quid pro quo deal will be part of a memorandum of understanding between the CBDT and the Union government. It will break new ground as the first ever memorandum of understanding between the government and one of its own departments.
Income tax collections are likely to touch around Rs 35,000 crore as per the revised estimates in the fiscal 2000-2001 and they
