Public sector lender IDBI Bank today said it has collected Rs 1 lakh crore of central tax through its network in the current fiscal.

The bank has also collected more than 16 percent of the government's revised target of direct taxes during the period.

"IDBI Bank has achieved the landmark of Rs 1 lakh crore in respect of collection of central taxes during FY2011-12.The Bank's present collection of direct taxes has been over 16 pc of the Government's revised target," it said in a release.

Centre, which had initially estimated direct tax collection target of Rs 5.33 lakh crore, later revised it to Rs 5.80 lakh crore for the current financial year.

The public sector lender also said it had gone live on January 16, 2012 in providing online duty payment services in respect of customs duty across the country.

"With this development, taxpayers are now in a position to route all of their central taxes and duties payments through IDBI Bank, making the bank an important agent in their pursuit of partnering the government in pushing online payments and enhancing the tax contribution," the bank said. (PTI)