Tax is a critical matter you need to comply with to avoid legal consequences, especially if you have a business. Managing and filing taxes can be troubling, particularly with manual processes. For this reason, you might need income tax filing software. You can continue reading below to see our recommendations and learn more.


10+ Best Income Tax Filing Software

1. EASYOFFICE

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Rating: 4.8/5

Price: Custom

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2. ClearTax

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Rating: 4.4/5

Price: FREE

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3. EZTax Self Service IT Filing

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Rating: 5/5

Price: Custom

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4. H&R BLOCK

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Rating: 4/5

Price: Custom

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5. TaxAdda PMS

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Rating: 5/5

Price: FREE

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6. Greenvissage

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Rating: 4/5

Price: Custom

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7. TaxCloudIndia

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Rating: 5/5

Price: FREE

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8. TurboTax

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Rating: 4/5

Price: Custom

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9. Quicko

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Rating: 4/5

Price: Custom

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10. Tax2win

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Rating: 4.6/5

Price: Custom

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11. HostBooks GST

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Rating: 4.9/5

Price: Custom

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What is Income Tax Filing Software?

As we all know, manual processes are not enough to ensure you reach your goals as it is time-consuming, a lot of work, and prone to errors. With these factors, it is not surprising that you face negative results. As a result, experts developed income tax filing software to help you file and evaluate your taxes digitally. These technological tools enable multiple advanced features and functionalities, encouraging automation, accurate data analytics, effective communication, etc. With this tool, you can gain insights and visibility, leading to tax accuracy and quality management. 

Benefits

Undeniably, income tax filing software delivers impressive benefits and advantages to your tax management. Unlike manual processes that need great effort and more hours to ensure all are accurately evaluated. On the other hand, income tax filing software allows for automation while ensuring accuracy as well as e-filing of returns, enabling you to feel assured in your tax filing and administration.

Features

Several technology firms that developed income tax filing software have similar and unique characteristics you might find relevant or not. As you know, not all platforms deliver high-quality performance due to their quality. On top of that, the software has a pricey price range. That is why it is a must to research the software’s capabilities to ensure you choose the best software for your company. Luckily multiple software comparison websites are available online, giving you ideas of the software’s weaknesses and strengths. The following are features you might need:

Top 10 Income Tax Filing Software

1. TurboTax

TurboTax from Intuit includes data import/export, data verification, electronic filing, K-1 reporting, tax calculation, historical reporting, activity tracking, and more innovative features. Intuit has annual revenue of $2.9 billion and 13,978 employees.

2. H&R Block

H&R Block enables easy tax form import and upload, mobile version, step-by-step guidance, multiple refund options, tax return storage, accuracy guarantee, and more. H&R Block has annual revenue of $2 billion and 42,000 employees.

3. Tax2win

Tax2win is an income tax return platform with the fastest inbuilt processing of your income tax returns. It includes inventory management, accounting, compliance, tax credits, reporting, and more. Tax2win has annual revenue of $8.5 million and 131 employees.

4. Greenvissage

Greenvissage is a fully complete web payroll software that delivers end-to-end solutions for web apps to startups, SMEs, and enterprises. Greenvissage has annual revenue of $7 million and 29 employees.

5. EASYOFFICE

EASYOFFICE includes customer management, tax management, financial management, financial reports, tax calculator, data management, and more advanced features. EASYOFFICE has annual revenue of $5 million and 28 employees.

6. ClearTax

ClearTax includes sales tax management, address validation, tax management, transaction tracking, reporting, dashboard, and more valuable features. ClearTax generates more than $5 million in annual revenue and employs more than 25 people.

7. EZTax Self Service IT Filing

EZTax Self Service IT Filing includes accounts receivable, bank reconciliation, expense tracking, purchase order management, and more innovative features. EZTax has an annual revenue of more than $5 million and more than 25 employees.

8. TaxAdda PMS

TaxAdda PMS includes approval process control, client management, tax filing, workflow management, client portal, document management, and more advanced features. TaxAdda PMS has annual revenue of more than $5 million and more than 25 employees.

9. TaxCloudIndia

TaxCloudIndia from ClearTax is an online, fast, safe, and easy-to-use platform. It includes auto-filling, multiple logins, calculation, backups, collaboration, and more. ClearTax generates more than $5 million in annual revenue and employs more than 25 people.

10. Quicko

Quicko includes tax management, income tax, due date tracking, tax filing, tax forms, billing, and invoicing. Quicko has annual revenue of $3.3 million and 23 employees.

FAQs

Why are taxes important?

This world has public servants who give service to the public and the overall environment. The public servants work hard to ensure people have comfortable daily lives. Of course, it is natural to give them a salary. Their salary comes from people’s taxes. Aside from that, taxes go to public structure repairs and maintenance.

Why do you need software?

As the world is living in the modern era, people need technological advancements for the more complicated complexities, particularly in the professional field. The professional industry uses software or applications as part of its daily business operations. It exceeds the limits from the manual process as it has advanced features and characteristics that improve operational efficiency and ensures quality assurance.

What is tax filing?

Several company elements necessitate tax compliance, which requires accurate calculation and evaluation to minimize oversights. Tax filing is the process of tax documentation and reporting, including income, expenses, and other tax data. This activity allows taxpayers to evaluate their tax liability and payment schedule and know whether they overpaid taxes.

Taxes are critical elements that require flawless management and calculation. As we all know, traditional ways would not suffice in ensuring faultless documentation and reporting. With income tax filing software in your grip, you can have better tax management and financial reporting. This technology partner is what you need to meet your goals.


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