One of the most important things to do if you are a working individual is to pay taxes.
These taxes build the nation and help in running the entire country smoothly. Especially in a country as populated as ours, India, it is only through taxes that civil operations can be successfully performed.
Not paying taxes is an illegal offense, and there are 7 tax slabs according to the New Tax Regime – FY 2020-21.
You get a tax rebate if your yearly income is equal to or less than INR 2.5 lakhs. INR 2.5L – INR 5L has a tax slab of 5%.
The next tax slab is INR 5L – INR 7.5L, which requires 10% tax to be paid. INR 7.5L – INR 10L sums to 15% taxes.
People earning INR 10L – INR 12.50L are supposed to pay 20% tax. INR 12.5L – INR 15L has a 25% tax-slab percentage.
However, the last slab, exceeding INR 15L yearly income, accounts for a 30% income tax.
However, paying taxes offline can be a troublesome task. Especially at the onset of the pandemic, it is not very safe to visit a nearby bank branch, ask for the challan form, and pay the taxes via cheque or cash.
Online Tax Paying System
To curb these challenges, companies have introduced online tax websites/software. It helps individuals prepare income files for corporate and individual tax returns. It also helps companies prepare profit and loss statements.
These websites are available on the app market for mobile phones, as well. So, you can either file your income tax on the browser or download an app and do the same there.
Here is the list of 7 best websites to file income tax in India –
ClearTax helps you manage your tax and other business compliances as well. It has a solution for Goods and Service Tax, too. ClearTax offers you a service enabling you to save tax with multiple investment strategies.
It enables you to e-file tax returns within minutes and also adjusts the advance tax paid automatically. If you are 3 people in the family eligible for tax returns, you can do it through the same account.
Also, it automatically selects the relevant ITR form according to the details you mention. Thus, making the entire process effortless for the tax-filer.
It is a simple tool with no data entries and works on a drag and drop feature. Also, it is free!
Taxspanner’s online portal offers online preparation and filing of ITR quickly. It allows you to upload multiple PDFs and even scan the documents.
It provides high security using 256-bit SSL encryption, making your documents safe. There is a complete solution provider for ITR1, ITR2, ITR4, and a lot more. With Taxspanner, you do not have to maintain a separate tax file at all!
They even have foreign tax experts on board, guiding you through the process smoothly. You can e-file your tax return by uploading your Form 16 or through your PAN card.
3. Zoho Books
Zoho Book’s online account software tracks and manages your finances and keeps you GST compliant and automates your business workflow.
It offers a 14-day trial that also helps you collaborate with a company employee.
Zoho books automatically calculates your GST and generates reports and integrates you with numerous online payment systems. It enables you to track your expenses and bills and automatically fetches your bank statement for the bank once you provide them with the details.
This online tool provides services to plan, prepare, pay, and save taxes for businesses and individuals.
With an effortless income tax form filling, this program has both a browser version and a mobile app version. It automatically reads your form-16 in the image/PDF format and optimizes your salary, capital gains, etc., to save tax.
Eztax has a comprehensive salary questionnaire with a secure document manager making the e-filing of your tax return 100% safe and reliable. It also assists you in getting maximum GST credit!
This application makes ITR filing quicker and effortless. It has complete regular updates on income tax information, and the automation makes it an easy process. They also have a tool that you can use to calculate your tax after mentioning the required details.
MyITreturn also helps in dealing with income tax notices with robust facilities. It generates form 12BB automatically and lets you calculate your tax liability, including HRA (if any).
It has a multi-language support system, too. The experts assist you consistently while filing the return. However, their services are paid and start at INR 750 (discounted price).
Taxsmile’s web portal prepares and e-files income tax online. It is a convenient and secure way, which you can access anytime, anywhere.
It also helps you calculate all the financial parameters that impact taxes. Taxsmile only requires 4 steps in order to e-file the taxes along with proactive customer support.
If you are a beginner and are not very aware of the technical jargon – Taxsmile is the best alternative to choose from. They do not have any tax-related terminologies present on their website, making the process smoother even for someone filing taxes for the first time.
If you choose to file returns yourself, you can do it for free. However, if you want experts to do it for you, they have a nominal fee of INR 499 for the same.
Taxraahi offers complete tax automation and account solutions for both individuals and businesses. It connects your GST, ITR, and TDS filing system for you to manage all of it from one place easily. It also automatically imports all your data from Excel to Tally.
Also, it is one of the most reliable, easy, and secure forms of filing your taxes online. It has a built-in generator for file validation utilities, too.
Being India’s top tax software company, it also offers a free trial.
As crucial as paying taxes is, its online presence makes it easier and quicker for individuals to proceed with the same. The automation, security, and reliability of the websites mentioned above are unparalleled.
They guarantee that you e-file your tax without any hassle and on time. Most of these sites also send alerts, notifications, and reminders in case of any mismatch or delay in tax filing.