One of the biggest pain-points that taxpayers face at the time of filing income tax returns is struggling through the technical terms and jargon associated with income tax. There are numerous fields in tax-filing forms that need to be filled. The process gets cumbersome right from the start, when a taxpayer has to choose a tax-filing form. More often than not, taxpayers end up choosing the incorrect form. Even filling up the required information becomes difficult, especially for a salaried employee who doesn’t know much about the different sectors and fields.
The only solution for them was to get hold of a CA and provide all the documents required. That wasn’t easy either. All of this lead to taxpayers dreading the income tax filing season. But that was until ClearTax came into the picture. Just by itself, ClearTax solved all of these problems for taxpayers. Here’s how:
Automatic parsing of Form 16
All you have to do to e-file income tax returns is upload your Form 16 on ClearTax. Our website will read your Form 16, choose the correct ITR Form and automatically prepare your tax returns. All you then have to do is verify the details and submit the tax return. You can make changes if you need to and finish e-filing in a matter of minutes.
E-filing without Form 16
Of course, you can e-file income tax returns even without a Form 16 on ClearTax. We have simplified the complex ITR forms into simple fields that come with easy explanations. You can feed in the required data by yourself and finish e-filing quickly. Our software will assist you in filling out the details accurately.
Support for multiple Form 16s
Tax filing becomes more tedious than it already is when a taxpayer has changed jobs during the financial year. They would then have multiple Form 16s from the different companies they have worked for. ClearTax makes things easier for them as well by providing support to upload more than one Form 16. The software will automatically gather information from all Form 16s and prepare the tax returns for you.
Pull data from Form 26AS
A lot of times, taxpayers face discrepancy in the TDS deducted on their behalf. Often, the interest income they receive from certain investments come after tax is deducted on it at source. This information needs to be accurately filled in the tax returns. ClearTax helps here by pulling data on this from the taxpayer’s Form 26AS to ensure that no information is missed out.
E-filing for non-salaried taxpayers
Apart from the ease of e-filing provided to salaried taxpayers, ClearTax has simplified the process for professionals, freelancers and businesses as well. The website has separate tax-filing flows for different types of taxpayers. ClearTax also offers CA-assisted services for salaried and non-salaried taxpayers who wish to avail the help of an expert to e-file their income tax returns.
These are some of the ways by which ClearTax has eased the process of e-filing income tax returns for taxpayers. Apart from that, ClearTax also offers a mutual fund investment platform to help taxpayers save tax and build wealth.