ClearTax & HDFC Bank partner to offer free, simplified e-filing of Income Tax Returns
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Bangalore based financial-technology platform ClearTax, which provides solutions for Income Tax filing, has taken forward its partnership with HDFC Bank, India’s largest private bank to offer free e-filing of ITR for Financial Year 2018-19 (Assessment Year 2019-20) and personalized CA-assisted tax filing plans to over 50 lakh HDFC bank customers.

ClearTax's solution on HDFC Bank’s NetBanking platform will help customers resolve their pain point of e-filing tax returns. ClearTax’s secure platform offers free self e-filing which can be finished in 7 minutes. For those who need assisted filing there are discounted Chartered Accountant (CA) services to address any complexities.

Additionally, ClearTax has also extended other services such as all-day customer support, access to tax tools and calculators, comprehensive tax guides and on-site helpdesk for in-person filing support.

ClearTax solution enables high levels of personalization, 100% accuracy and transparency, zero paperwork and is future-ready. It lets the user upload their Form 16 and Form 26AS to facilitate the filing of ITR. A user may also upload more than one Form 16 if he/she has worked with more than one employer in the financial year. It permits the user to enter tax details while being offline. These details are automatically synced with the ClearTax server once the user goes online. Besides filing ITR, users can also check Income Tax Refund Status with their PAN number & Date of Birth, calculate Income Tax for current and next financial year (as per the new Budget changes), and generate rent receipts to claim HRA benefits.

Commenting on the collaboration, Archit Gupta, Founder and CEO, ClearTax, said, “We are delighted to be working with HDFC Bank. By offering our tax filing services to HDFC Bank’s large customer base and leveraging our expertise in simplifying ITR compliance we will collectively reinvent their experience enabling them to e-file and save on taxes in a hassle-free way.”

“HDFC Bank is constantly looking at ways to offer greater convenience to its customers through its digital transformation journey. We’re partnering with ClearTax to help our customers adopt secure, tax filing technologies which will enable them to complete the process from the comfort of their homes or offices” said Mr Gautam Anand, Senior Vice President, Digital Banking, HDFC Bank.

About HDFC Bank

HDFC Bank is one of India's premier banks providing a wide range of financial products and services to over 49 million customers. Promoted by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank began operations in 1995 with a simple mission: to be a "World-class Indian Bank". With a single-minded focus on product leadership, customer focus and operational excellence, the bank have accomplished this, emerging as a leading player in all its business segments. For more information, please visit:www.hdfcbank.com.

About ClearTax

ClearTax is India’s fastest growing Tax & Compliance software company. It is a technology company that helps people, enterprises and the government with tax, compliance and mutual fund investments. It was incubated in Y Combinator and are funded by Silicon Valley investors, including PayPal co-founders Peter Theil’s Founders Fund, Max Levchin and also by Scott Banister, who was an early investor in Facebook and Uber. ClearTax’s investors include Composite Capital, Sequoia Capital and SAIF Partners. ClearTax is a product by Defmacro Software Pvt Ltd.
Sat, Aug 10, 2019, 09:14 AM
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