Online tax filing jump 80% to 91.57 lacs in 2010-11

SNK ETax Solutions Ltd, India's leading company offering solutions to companies and individuals on taxation, corporate laws and assurance services today announced the launch of Taxsum.com, India's first tax filing portal that caters to all category of tax filing audiences. The portal is compatible to file tax from ITR 1 to ITR 6, offering multi-language, user-friendly experience and complete solution for computing and filing tax returns online. Taxsum.com becomes India's only tax returns filing portal offering browser based digital signature and enabling filing of ITR-1 through mobile phones.

Commenting on the launch Sanjay N Kapadiaa, Chairman, SNK ETax Solutions said, "Filing of income tax return for every person having income more than basic exemption limit (at present Rs. 1,80,000/-) is a constitutional responsibility in India. Our country's total population is around 122 Crores. In spite of more than 10 crore people having Pan Card, the income tax return filing for the F.Y. 2010-11 is just 4 Crores and out of these 4 crores online income tax return filing is opted by only 1 Crore tax filers in our country. With the rapid acceptance of technology and internet usage, we see this as a good opportunity to introduce a portal like Taxsum.com that can simplify the tax filing of corporate and individuals and further support the constitutional responsibility of the nation"

According to the findings of SNK ETax solutions on tax filing status in India, it has been observed that in the year 2010-11 the number of tax returns filed are 4.1 crore as compared to 3.40 crore in 2009-10. The online tax filing in the year 2010-11 is 91.57 lacs as compared to 51.06 lacs in 2009-10. With the acceptance of digitization across India, SNK ETax has estimated that the tax filing will be doubled to 10 crore in the year 2015-16 out of which more than 7.5 crore will be filed online.

The Government of India has hosted a website for e-filing for income tax returns- www.incometaxindiaefiling.gov.in on which filing of income tax returns can be carried out. Taxsum.com further complements the initiative undertaken by the government, as the portal helps corporate and individuals to compute income and file tax returns online, having linked directly to the portal of Government gateway.