eMudhra’s Taxsmile paves the way for hassle-free efiling of taxes in Pune

PUNE, India - July 25, 2013 - PRLog -- Pune, Recently: Taxsmile, the first Indian company with its own tax preparation and filing website enables secure and hassle-free efiling of taxes for tax payers in India. Taxsmile offers a bouquet of end-to-end solutions that simplifies the process of filing Income Tax returns online. Part of the eMudhra group, Taxsmile is also an e-Return Intermediary (ERI) duly authorized by the Income Tax Department.

In Maharashtra, there are approximately 42.5 lakh people who file their taxes annually. However, Income Tax return preparation can be overwhelming for many tax payers. The biggest hurdle for most tax payers is making errors in their tax returns. This includes common erros such as an incorrect Permanent Account Number (PAN), incorrect tax calculations, incomplete forms and more. In such scenarios, the tax payer is forced to file again. Another constant problem is late filing of taxes which can lead to late penalties. Taxsmile is an easy-to-use application designed to understand apprehensions and consciousness of tax payers and meet their needs. With Income Tax Department mandating efiling for more than Rs. 5 Lakhs income category, more tax payers are looking for do-it-yourself and simple-to-use efiling applications.

Taxsmile guides the tax payer through the entire process step-by-step. The application has an in-built calculator and tool that facilitates filers to calculate and fill the e-Return efficiently. On completion of filling, the user can either use a digital signature certificate to sign and submit the Income Tax Return or directly submit and take a printout of ITR V form which can then be signed and dispatched to the CPC of Income Tax department in Bangalore. Digital Signature Certificate is a highly secured PKI (Public Key Infrastructure) based technology that is provided by Licensed Certifying Authorities like eMudhra under the Information Technology Act. These signatures also have the same legal status as a physical signature.

Ms. Kalaivani Chittaranjan, MD and CEO of eMudhra Consumer Services said, “Taxsmile provides for self-help and aided online filing of Income Tax returns. Since 2006, Taxsmile has been enabling efiling in the country with its simple and seamless application. This process fastens the return submission and refund processing. Intelligent inbuilt business logics and calculators in the Taxsmile ensure correctness in preparation.”

About eMudhra Consumer Services:

eMudhra is an innovative, consumer-oriented group established to provide path breaking and maverick solutions to transform the financial living of Indian consumers using cutting-edge technologies. eMudhra's current consumer offerings include Digital Signature Certificate, Confidential mobile messaging app - SecMsg, Secure Key for online banking - SWYS Key, Online tax preparation and e-filing – Taxsmile, Mobile Wallet – YpayCash and Mobile Shopping - Xygle. eMudhra's Trust Factor is an initiative to secure e-commerce and e-banking transactions.