Some Tk 666 crore were collected from the electronic tax deducted at source (e-TDS) method over the last 10 months till August this year.
The National Board of Revenue (NBR) launched the automated system on October 6 last year to facilitate the deposition of the tax at source from various companies to the state coffer.
So far, some 4,900 companies have been registered with the e-TDS system.
Talking to BSS, NBR member Zahid Hasan said that with the introduction of such a system, none would have to go to the NBR offices for the deposit of tax at source.
He said the staff of the eligible companies and firms concerned would be able to deposit such tax at source through automated chalan (e-chalan) while staying at their offices.
"We are also being able to know which companies are depositing how much tax at source. Later, those are being verified with the returns of the taxpayers. As a result, transparency has been ensured in the entire tax at source realisation system."
Zahid also informed that newer firms and organisations are being added to the e-TDS system every now and then for depositing tax at source.
The NBR member informed that the tax officials and lawyers of the corporate houses are being imparted training to make popular the e-TDS system so that they become motivated to use this dynamic system.
He said that if businessmen use such e-TDS system, their time will be saved while expenditure will also come down significantly.
Currently, tax at source is being collected from some 53 sectors including banks, multinational companies and universities.
