Tax filing is a key practice for income tax payers as there are numerous benefits attached to it. Having a proof of your tax filing will come in handy when you are planning to apply Visa, Home Loan, or to get tax refunds and to avoid paying tax penalties. Although tax e-filing is compulsory only if your income is above Rs. 5,00,000. It is always an easier option to e-file your returns as it safer, quick and more convenient.
In case, if you are not furnished the tax returns within the due date, you may have to pay interest on the tax dues. Also, a penalty of Rs 5,000 will be charged if your returns are not filed till the end of assessment year.
There are lots of good options available to file tax returns in India; here are my list of 5 websites to easily file your income tax returns online.
ClearTax is one of the famous tax filing website in India as it provides nice and simple interface and most importantly it is very easy to use. The moment you enter the ClearTax website, you will see two buttons – Left side [Start Your Tax Returns Now] button that lets you to manually e-file your tax return by filing all details. Right side [Upload your Form-16 Now] button allows you to upload your Form-16 PDF and it will fill your details automatically to prepare your income tax returns. For those who need a CA assistance to file their returns, Cleartax offers Expert-assisted e-filing starting from Rs. 599.
TaxSmile established in 2007 and now it ranks among the top 5 eRIs in India. Taxsmile.com offers online tax services to individual taxpayers, businesses, professionals and income earned outside India. Taxsmile offers a dedicated support helpline to its users and also offers free e-filing for those with net taxable income of upto Rs. 5 lakhs. Rs. 249 will be charged for those having taxable income above Rs 5,00,000/-.
Similar to ClearTax platform, HRBlock website reads your Form 16 and pre-fills your form fields automatically to save your valuable time. HRBlock also offers chat and call support throughout the e-filing process. It also provides other paid services like Expert online tax preparation, In person tax e-filing, NRI Tax e-filing etc.
Apart from website e-filing service, it also offers MyITreturn mobile app to easily file your income tax returns on the go. This App helps you to quickly calculate your Income tax, to check the status of your e-filed Income-tax return, to see the status of your income tax refund etc. The MyITreturn app also gives status of five years returns along with confirmation of receipts of signed ITR V receipt by the IT department.
incometaxindiaefiling website offers tax related services by the Income Tax Department, Government of India. This is free of cost for all tax payers in India. The online e-filing system is easy to use with 5-6 pages to fill and it offers flexibility to file your income tax returns from anywhere and anytime. Apart from this, you can find information about various online services such as status of your tax refund, ITR-V receipt status, PAN details, TAN details, CPC refund failure status, digital signature, etc. here.