If you are a working person, paying taxes is one of the most crucial things you should do.
These taxes contribute to national development and facilitate efficient government operations. Civil operations can only be carried out through taxes, particularly in a nation as populous as our own, India.
According to the New Tax Regime – FY 2020–21, there are seven tax slabs, and it is unlawful not to pay taxes.
You are eligible for tax relief if your monthly income is INR 2.5 lakhs or less. Taxes range from INR 2.5L to INR 5L and are 5%.
The following tax bracket, INR 5L-INR 7.5L, requires 10% tax to be paid. Therefore, 15% of INR 7.5L to INR 10L is taxes.
Incomes between INR 10L and INR 12.50L are subject to a 20% tax. A 25% tax-slab proportion applies from INR 12.5L to INR 15L.
On the other hand, the ultimate slab entails paying a 30% earnings tax on income beyond INR 15L annually.
Offline tax payment, however, could be a challenging chore. It is not exceptionally safe to visit a nearby financial institution branch, ask for the challan form, and pay the taxes with a check or cash, especially during the epidemic’s beginning.
Online Tax Payment Method
Businesses have established online tax websites and software to address these issues. Preparing income files for business and individual tax returns are made more accessible. Additionally, it aids businesses in creating profit and loss accounts.
Additionally, there are apps for these websites on the mobile app store. You can, therefore, either download an app and file your taxes there or do so online.
The following is a list of the top 7 websites in India for filing income taxes.
1.ClearTax
You may manage your taxes and other business compliances with the aid of ClearTax. It also offers a solution for the Goods and Services Tax. In addition, using various investing techniques, you can use a service provided by ClearTax to reduce your tax liability.
It allows you to file tax returns quickly electronically and instantly corrects the advance tax paid. In addition, you may use the same account to file tax returns for up to three family members.
Additionally, it automatically chooses the appropriate ITR form based on the information you provide. Consequently, the entire process becomes simple for the tax filer.
It is a straightforward tool that uses drag and drops functionality and requires no data entry. It is also free!
2. Taxspanner
The online gateway for Taxspanner provides speedy ITR preparation and filing. You may even scan the documents and upload multiple PDFs using this feature.
Your documents are safe since it uses 256-bit SSL encryption to guarantee excellent security. In addition, there is a source of comprehensive solutions for ITR1, ITR2, ITR4, and many other ITRs. You don’t need to have a separate tax file while using Taxspanner!
They also have foreign tax specialists on staff to help you navigate the procedure quickly. You can electronically file your tax return by uploading your Form 16 or using your PAN card.
3.Zoho Books
The online accounting software from Zoho Book automates your business operations, tracks and manages your funds, and keeps you GST compliant.
It allows you to work with a firm employee and gives a 14-day trial.
Zoho Books combines you with various online payment platforms, calculates your GST instantly, and delivers reports. You may keep track of your expenses and bills, and once you’ve given the bank the necessary information, it will automatically retrieve your bank statement.
4. Eztax
This online platform offers services to plan, prepare, pay, and save taxes for corporations and individuals.
This program contains both web and mobile app versions with simple income tax form input. It automatically reads your form 16 in image or PDF format to reduce taxes and optimizes your income, capital gains, etc.
Eztax makes e-filing your tax return 100% secure and dependable with a thorough profit inquiry and a consistent report manager. Additionally, it helps you to maximize your GST credit!
5.MyITreturn
This software streamlines and expedites ITR submission. It includes all customary adjustments to tax information on profits, and the automation creates a clean workflow. They even have a tool you can use to compute your tax, citing the necessary information.
Additionally, MyITreturn provides powerful features for managing earnings tax notices. For example, it automatically creates shape 12BB and assists you in determining your tax liability, including HRA (if any).
It also offers a multilingual assistance system. The experts continue to assist you even as you submit your return. Their paid offerings, however, start at INR 750. (discounted price).
6.Taxsmile
Online earnings tax preparation and e-documentation are available through Taxsmile. It is a convenient and reliable method that you can access anywhere at any time.
Additionally, it makes it easier for you to compute all the economic factors that impact taxes. Finally, with proactive customer support, Taxsmile only requires four steps to file taxes electronically.
Taxsmile is an excellent option if you’re a novice and aren’t too familiar with the technical lingo. The process is more straightforward even for someone filing taxes for the first time because they no longer have any tax-related terms on their website.
If you choose, you are free to record returns on your own. However, if you need professionals to do it for you, they charge a reasonable sum of INR 499 for the job.
7. Taxraahi
For both individuals and corporations, Taxraahi offers comprehensive tax automation and account solutions. It integrates your GST, ITR, and TDS submission devices in a helpful method to manage everything from one location. Additionally, it automatically integrates all of your Excel data into Tally.
It’s also one of the most dependable, simple, and stable ways to submit your taxes online. Additionally, it includes an integrated generator for record validation tools.
As the best tax software provider in India, it also offers a free trial.
Conclusion
As crucial as paying taxes is, doing so is facilitated and accelerated by their availability online. The websites mentioned above offer unmatched automation, security, and dependability.
They promise that filing your taxes electronically will be quick, easy, and accurate. In case of any errors or delays in submitting taxes, most of these websites also send alerts, notifications, and reminders.