Portals make filing tax returns easier

Some portals also suggest possible investment opportunities for users to save on their tax liabilities

With the deadline for submitting annual IT returns round the corner, taxpayers have wider choices to save time on the online filing process with many portals offering services at the click of the mouse.

The websites are betting on "user friendly" and evolving opportunities in the financial technology space to help individual taxpayers make their income tax filings without consuming much time.

Apart from facilitating filings, some portals also suggest possible investment opportunities for the users to save on their tax liabilities.

Among others, users of many such platforms are greeted by videos, blogs and algorithm-backed calculators.

"Platforms like Quicko.Com offer a seamless e-filling facility to the individual taxpayers principally in the salaried category by merely uploading their Form-16 anywhere and anytime around the clock," its founder Vishvajit Sonagara, said.

One such portal ClearTax.Com's CEO and Founder Archit Gupta said it is very bullish on the financial technology space and seek to place the right bets in terms of people and products to help the taxpayers.

The website claims to have helped more than a million users in financial year 2014-15.

BigDecisions.Com, part of News Corp group, assists users in identifying opportunities to save on their taxes.

Manish Shah, Co-founder and CEO of BigDecisions.Com, said it aims to "empower users with relevant tools such as a combination of algorithm backed calculators, video content and blogs to help them take better decisions on matters related to personal finance".

Sonagara said Quicko encourages the users to build an investment portfolio that can help them save taxes.

The last date for filing annual IT returns is July 31.