HYDERABAD, India, August 21, 2018 /PRNewswire/ --
EZTax® 100% Free, Online, straight-through Income Tax Filing solution is now equipped with an enhanced Tax Optimizer, and other India's 1st features
EZTax.in, a fast-growing Online Tax Compliance Portal covering Direct (Income Tax), and In-direct (GST) Taxes through both Software, and Expert Services has announced today that they have released enhancements to its unique India's 1[st] features.
Suneel Dasari, Founder and CEO @ EZTax.in said today, "The updates to the unique features are aimed to increase the confidence among self-service, or do-it-yourself tax payers, a segment that is going go grow through tax education, and financial literacy in India."
He said, "The level of innovation imbedded in EZTax.in, was not seen in the Indian Tax industry so far, is a testimonial for its technology leadership in building highly automated, easiest tax filing solutions for greater good."
The new enhanced features rolled out with EZTax.in include:
- Snap your Form16 - a feature to read Form 16 data through advanced OCR capabilities, and to fill the IT questionnaire. EZTax ITR Android App is designed to have a button that lets tax filers to capture Form16 picture. With its heuristic algorithm, the app let the user know the quality of reading.
- Tax Optimizer - provides recommendations to plan the income towards tax saving investments to increase refund for the next year. Also provides a comparison between current year and next year tax calculations.
- Creative Audit - in our survey, 60% of the Online tax filers are concerned about IT Notices due lack of knowledge on how to file their taxes correctly. This feature helps tax filer know upfront about the potential possibility of getting an IT notice through it's rule base. Tax Filer has an opportunity to correct or continue with the data.
- Express Filing - helps the tax filer to select a pre-defined tax profile such as "Employee", "Business", "Trader" etc. to compose a set of questionnaires to reduce uncertainty while entering the data.
- EZHelp - unique feature in explaining each field of the Income Tax Questionnaire with examples is to build the confidence and promote Self-Service Tax Filing. This feature is available only when filing return through PC Browser.
Further continuing, Mr. Suneel Dasari said, "While we have limited number of days to eFile the returns this season, 40% of the tax filings are expected to be e-filed in next 10 days, coupled with the late penalty introduced through Section 234F will certainly increase the number of tax filers substantially when compared with last year. The enhanced features rolled out now @eztax.in should make it even easier to e-File without a tax consultant's help."
In addition to our capabilities, solutions in Domestic Taxes, we are planning to launch solutions that will help Non-Resident Population, along with Tax Savings, PMS products using Artificial Intelligence (AI)
EZTax.in from MYD Labs Private Limited, is an Innovative, Next generation, Fast growing, Cloud enabled Tax Compliance Provider through both Online Tax Software, and Expert Tax Services covering Income Tax, TDS, GST, Accounting, Registrations. EZTax.in aims to make tax compliance easier, quicker, affordable through innovation to help millions of Indian Tax Payers irrespective of their income levels, and/or tax complexity. Today, with its India's 1st AI enabled GST ready Accounting Software, helping Small, Medium Business in India to be GST compliant, efficient, and productive.
EZTax.in is first live on Mar 2017, now offering Income Tax Filing (https://eztax.in), GST Accounting (https://eztax.in/gst), Virtual Accounting Services, Self Service TDS Filing (https://eztds.in), Tax Saving Products, and Company Registrations (https://ezfilings.in). To learn more, or file your IT Return in just few minutes or get Expert Tax Help, visit https://eztax.in
Founder & CEO
MYD Labs Private Limited