A person must file an IT return to complete income tax (IT) payment on earnings. (ITR). The paper serves as verification that the required income tax has been paid. Filing taxes and returns at the end of each fiscal year may be a difficult and time-consuming chore. In addition, changes in government rules and legislation make it much more difficult. Using income tax returns (ITR) filing software to e-file your taxes may simplify the process and save you time. Manual labor is much decreased, and the possibility of error is greatly minimized. Furthermore, you may view the records in the program at any time.
Best 16 Free Income Tax Software
There are various free and paid IT filing software options for Chartered Accountants (CA) and tax professionals on the market. Here are some of the greatest free ITR filing software options.
EasyOffice taxation software offers modules for IT returns, audit, CMA, and e-TDS, among other things. The IT Department of India, NSDL, and TRACE specifications have been developed. You may acquire a summary of the online income tax calculation and the income tax for the preceding year. The software allows you to make direct e-payments and file e-returns. Online verification is possible for users’ PAN/TAN. Time is saved through office management tools.
- IT statement generating on the fly.
- Form 26AS and data from Tally may be imported.
- Losses are automatically set off and carried forward.
- Automatically saves the acknowledgment receipt number.
- Pre-validation is used to detect errors in e-returns.
- Option to view ITR V.
- Transfer of data from the prior fiscal year.
- Export/edit files are an option.
CompuTax is the perfect software for filing electronic tax returns and automating tax-related tasks. The software offers several types of DSC. (digital signature certificates). In addition, CompuTax online now includes ITR 5 auto-download and a locator for spotting errors in e-returns.
- E-return filing online.
- Status of DSC registration and bulk refunds.
- Form 26AS for data viewing and import.
- CAs may be added, and audit reports can be approved.
- Intimations and communications are automatically selected.
- Connecting PAN to Aadhar and producing EVC.
- EVC and Aadhar OTP are used to verify returns electronically.
ClearTax income tax software allows users to submit Form 16 and automatically generate ITRs. In addition, you may add income sources and deductions during the preview and edit data. It’s web-based and enables you to file your taxes from anywhere, anytime, as long as you have an internet connection. The software guides you through the ITR filing process step by step. You will also get tax-saving recommendations. Download the report as well if you want total openness on tax calculations.
- From the government IT site, automatically import income and tax information.
- Multiple Form 16s are required for employment transitions.
- File returns for numerous years at the same time.
- Changes may be saved and returned later.
- In case of an error, prepare a corrected ITR.
- Tracking the status of an ITR.
- Supports a variety of clients and revenue streams.
- Expert help is available.
- Calculating and filing GST.
LegalRaasta income tax software provides easier solutions for dealing with legal compliance difficulties. The software is an e-filing intermediary included in the catalog of the income tax department. The tax software guarantees precise computations for e-filing returns and data verification. In addition, LegalRaasta is TDS and GST compliant, allowing individuals and companies to manage the goods and services tax.
- Document management is used to store tax documents.
- Tax filing, liaison, refund assessment, and correction.
- High-level encryption and automatic backups are available.
- Registration of trademarks and patents.
- For filing business revenue and tax returns, dependable data backups are required.
- Data import from TDS and data files is simple.
- TAN and PAN verifications are automated.
- TDS computation and OLTAS linkage are two examples.
- For filing returns, use the FVU format.
5. Saral Tax
Saral Tax is a tax filing and office automation package that automates ITR-related operations such as calculation and return preparation. You may view the summary of inputted data without scrolling. In addition, this ITR filing software has a function that helps tax professionals handle various clients’ data. Non-client contacts and tasks may also be managed in the same window. Consequently, bills, invoices, documents, and other items are simple to maintain.
- Automates tax experts’ everyday office tasks.
- Integration with the IT Department’s website for quick data updates.
- ITR filing in bulk.
- The Data Import/Export for Filing Income Tax, Audit Reports, and other purposes.
- The online payment gateway for paying taxes electronically.
- Transactional insights may be gained from MIS reports.
- The creation of tax certificates.
6. Chartered Club
CA-Chartered Club Karan Batra is a portal where users may arrange an appointment and get advice on ITR filing. You have the option of discussing your case both online and in person. You will get a draft calculation of your tax due after you have shared the appropriate documents. The emphasis is on lowering your tax obligation. Your ITR will be submitted if you approve it. TDS certificate facility is also accessible for NRIs.
- Includes sources of income such as salary, rental income, interest income, and capital gains.
- Before filing, consult a tax adviser.
- Tax calculations.
- Before filing, please review.
- Throughout the year, we provide consultation.
7. Winman GST
Winman GST package includes IT software, audit report software, balance sheet software, and other components. The software is designed to assist with income tax preparation and filing processes. It also helps with the production of GST Returns by Indian IT department requirements. You may create GSTR-3B, CMP-8, and GSTR-1 and get yearly returns in GSTR-9, GSTR-9A, GSTR-9C, and GSTR-4, for example.
- Automatic data filing from the balance/computation sheet.
- To guarantee correct e-filing of ITR, errors are highlighted.
- Connect to the IT department’s upload page automatically.
- Tally trial balances may be imported with a single click.
- With a single click, you may check the status of your e-return processing.
- Data from the 26AS form is imported.
- ITR V is automatically downloaded and saved.
- MIS Reports.
EZTax free ITR filing software assists with income tax e-filing, TDS preparation, and GST accounting, among other services. It allows users to e-file their ITRs online. They may also get professional advice at any level of the ITR e-Filing process. In addition, this income tax filing software allows CAs and other tax practitioners to e-file in bulk. In real-time, EZTax income tax return filing software can generate a complicated what-if scenario to present the current and potential refund after storing suggestions.
- All clients may be managed by the client manager from a single screen.
- Tax calculation in real-time.
- To file taxes based on questions, use Express Filing.
- Form-16 and Form 26AS are automatically read.
- In case of employment change, change salary information.
- Tax Optimizer may help you save money on taxes and enhance your ROI.
- To avoid future IT notices, do a creative audit.
- Download a personalized ITR report.
TaxPoint provides its clients various services, including tax advice, business consulting, and financial planning. When you file returns, this income tax calculation software automatically populates the required data into the forms. When you file your taxes using TaxPoint ITR software, you may easily transfer all the information needed for the next year’s returns. Contracts and other legal data may also be evaluated for tax purposes.
- Import return data from a different online tax preparation service.
- Calculator for Tax.
- W-2 data may be imported.
- Refund and reward processing is quick.
- International and domestic tax planning and compliance.
- GST conformity.
TurboTax ITR filing software free enables users to file their taxes based on their questionnaire responses. It imports all W-2 data into the appropriate forms. You may still use it if you are a US nonresident residing in the US. You may also seek the assistance of a live or specialized professional. Based on your documents, you are matched with the best tax professional for you. Experts can answer any questions and explain the whole return filing process. Of course, they can also file your tax returns.
- To ensure everything is present, a tax return should be thoroughly reviewed.
- I can look up more than 350 tax deductions.
- Expense calculator.
- Calculator for Tax Brackets.
- A tax specialist will assist you with your audit.
- Checklist for Documents.
- It aids in the discovery of changes in tax deductions and credits.
- Tax approval is confirmed through email.
TaxSlayer guarantees that clients get the most refund possible based on their income. Before e-filing, you may check for errors and missing data. Users are alerted when the IRS site accepts tax returns after the return has been filed. The software’s calculations are constantly up to date. Furthermore, connected bank products assist in deducting tax preparation expenses from returns, allowing clients to be paid sooner.
- Client access portal.
- Import past year return data from another tax service.
- Calculator for Tax Refund.
- Fill in your income and wages automatically.
- W-2 income should be imported.
- Covers the interest on student loans as well as educational expenses.
- Comparisons from one year to the next.
TaxRaahi is an easy-to-use tax software for ITR, TDS, and GST filing. It does not need digital signature certificates (DSC); tax filing is quick. You may compute income from salary, residential property, capital gain, PGBP, and other sources to guarantee exact taxes and deductions. TaxRaahi ITR prepares and files returns in ITR 2, ITR 3, ITR 1, ITR 4, and ITR 4S by IT department requirements.
- View the previous return for the client.
- Calculate taxes automatically.
- Return import from the prior year.
- Forms 16 and 26AS are used for import.
- Calculate your capital gain.
- Keep all data in one location.
- Returns may be modified.
- Tracking of refunds.
13. H&R Block
H&R Block makes e-filing tax returns easier by offering customizable tax preparation options. It asks users questions to help them file their taxes. You may save returns, receipts, contributions, and other tax documents for convenient access. Form 1040 and Schedules 1-6 may also be filed. In addition, you may import federal filing data to calculate state taxes. It may also assist you in filing municipal taxes in the United States, Canada, Australia, Puerto Rico, and Guam.
- Tax organizer that is unique to you.
- Calculator for Tax.
- Import W-2 data using only a photo.
- Upload last year’s tax return from TurboTax, Quicken, etc.
- Ensures that all credits, including EIC, are right.
- Real-time tracking of returns.
- Real-time refund outcomes.
TaxCloud India’s tax solution automates many tasks during tax filing to save time and effort. It accepts all forms from ITR 1 to ITR 6 and diverse revenue sources such as salary, property sale, etc. As a result, you can stay current on the most recent tax rules. Furthermore, tax professionals may use parallel login to allow team members to work simultaneously on the same customer.
- Using XML, you may bulk-add clients.
- Instant client overview to help you choose a customer.
- You can drag and drop several Form-16s.
- In one click, get the 26AS form from the government web.
- All submissions are validated automatically.
- Zerodha, CAMs, and Karvy integrations for clients’ capital gains.
15. Gen Income Tax Software
Gen Income Tax Software supports the direct uploading of returns for e-filing. Well, income tax, advance tax, self-assessment tax, and interest may all be calculated. In addition, Gen IT covers a variety of features such as chapter VIA deductions, setoff losses, arrears, and so on. ITR Forms 1, 3, 2, 4, 5, 6, and 7 May be e-filed. Losses, KVP, and NSC data are automatically carried over to the following year from the prior year.
- Automatic creation of return forms.
- Import XML data from any tax software program.
- E-filing and verification in bulk.
- The IT department provides web service for a quick upload.
- MIS reports such as pending returns, refund status, and so on.
- PAN correction/online submission.
- Calculate your taxes in reverse.
- Computations using MAT/AMT.
- IT portal integration.
- Interest is calculated.
TaxAct income tax software covers several income status types, such as retirement, W-2, child tax credits, EIC, etc. Dependents’ and full-time students’ expenses are also covered. You may also file a 1040 form and a state return. Paid options have more expenses and income options covered. You will also be notified when the IRS and the state have completed processing your returns.
- Return import from the prior year.
- W-2 data should be imported.
- Personalized TaxPlan to maximize refund chances.
- Maximizer of deductions.
- ProTips service for improved tax results.
- Depreciation may be calculated.
- Tracking your IRS refund.
The Bottom Line:
The software should be chosen based on the job requirements. Consider using unpaid software if it contains the features you need. To maximize your chosen software, be schooled on its features. It will prevent negative things from happening. Above all, the ITR forms for the current fiscal year have been updated. It is required that everyone comprehends the new form needs before filing their income tax return. Fill out your forms carefully to avoid difficulties or legal ramifications.