Filing income tax returns online have gain popularity in recent years. Some estimate that last year (2011) around 16 million tax payers used online option to file their tax returns. It is further estimated that this number would grow to around 25 million this year. With such a growth, there have been a slew of websites offering tax filing service for free to a few thousand rupees depending on your sources of income and ITR form used.
This post covers a few of such websites and their offerings.
Cleartax.in have the following options:
e-Filing for Individuals: Rs. 249
Income from Salary, Interest, House Property and Capital Gains is included. Also, multiple Form-16s, automatic Form-16 PDF reading. Also, all Deductions and all Capital Losses.
e-Filing for Business and Profession: Rs. 749
For filing Business and Profession Income Tax Return. This includes ITR-4S and ITR-4. Ideal for freelancers
Digital Signature Certificate: Rs. 449
you get a Digital Certificate valid for one year and one Income Tax Return filing
Other than the above packages you can get your Income Tax returned reviewed by their charted accountants (CA) team for Rs. 499 to Rs. 1,499
Offer 1: Free e-Filing for Individuals till July 7, 2012
Offer 2: Free -Filing for Women till July 26, 2012
Myitreturn.com has following options:
Recommended for individuals with Salary/ Pension income and have no tax payable or refundable
Standard: Rs. 199
Recommended for individuals with Salary/ Pension income, have one or more houses and other sources of income.
Premium: Rs. 399
Recommended for individuals with Salary/ Pension income, have one or more houses, other sources of income, invested in shares and have foreign assets
Professional: Rs. 799
Professional Income and those who have small business.
NRI: Rs. 999
For those who have foreign earnings and are NRIs
Other than these packages this website provides for following additional value added services:
- Get your IT Return Reviewed by an Expert – Rs. 199 to Rs. 599
- Get yourself ‘Assessment Protection’ – Rs. 299 to Rs. 799
- ITR-V Submission Service – Rs. 99
- Track your Refund Status – Rs. 199
- ITR-V Receipt Status – Rs. 99
- Know your Return Processing Status – Rs. 99
- Tax planning for 2012-13 – Rs. 199 to Rs. 999
Taxspanner.com has the following options:
Salary Standard: Rs. 249
ITR-1 or ITR-2. Income from salary, house property, capital gains or other sources, except income from business or profession
Salary e-plus: Rs. 499
Same as Salary Standard along with review and assistance of a tax professional
Salary Premium: Rs. 749
All the benefits of Salary Standard and Salary e-plus and add on feature of tracking of your refunds and tax assessment order.
Business Standard: Rs. 749
To file Sugam or ITR-4 form. For agents, consultants, professionals and contractors.
Business e-plus: Rs. 1,499
Same as Business Standard along with review and assistance of a tax professional
Business Premium: Rs. 2,499
All the benefits of Business e-Plus with a tax vault, a secure online space to store your tax and accounting documents
Digital Signature Certificate: Rs. 599
Taxshax.com has the following packages:
Basic: Rs. 181
Income from salary, dividends, one self occupied house and agriculture income
Silver: Rs. 324
Basic package along with Capital gains
Gold: Rs. 524
Silver Package with income from one house property.
Taxsmile.com has following packages:
Silver: Rs. 250
ITR-1 and ITR-2. Salary, House property (i.e. Housing loan and rented income), Capital gain (Sale of shares and mutual funds, property and other asset), Business income (Consultancy, Professional Services, Speculation, Derivatives and Contract Employment) and Other Income (Interest, Dividends, Gifts, Winnings etc).
Gold: Rs. 400
Silver Package along with digital signature
Premium: Rs. 2,000
Gold Package along with virtual tax expert help for a year
Income Tax Department:
Free: Covers all forms
The above list of websites are some of the random picks there are scores of other websites with similar offerings. I would be adding more and more of them in this post in near future. If you want to recommend or review any of these websites, you are welcome. Also please share your experiences about filing income tax returns online.