| About eTaxFile |
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| eTaxFile is software that singularly addresses all your TDS and E-TDS requirements. Its set of comprehensive features can compute Tax deductible at source (TDS) for both salaried and non-salaried (contractors) deductees according to the provisions stipulated in the Income Tax Act. |
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| It can completely automate your TDS management and accurately compute tax to be deducted; prepare Challans; Tax Deduction Certificates; Quarterly Returns and MIS Reports. Its E-TDS module assists you to file all your mandatory tax returns in electronic format as specified by the Income Tax Dept. |
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| Why e-TDS? |
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| As a part of automation of collection, compilation and processing of TDS returns ITD has notified an "Electronic Filing of Returns of Tax Deducted at Source Scheme, 2003". It is applicable to all deductors furnishing their TDS return in electronic form. As per this scheme: |
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It is mandatory (w.e.f. June 1 2003) for corporate deductors to furnish their TDS returns in electronic form (e-TDS return) |
| From F.Y. 2004-2005 onwards furnishing TDS returns in electronic form is also mandatory for government deductors in addition to corporate deductors. |
| Deductors (other than Government and Corporate) may file TDS return in electronic or physical form. |
| National Securities Depository Ltd. (NSDL) has been appointed by the Income Tax Dept. as an intermediary to receive e-TDS returns from the deductors. |
| Deductors can submit e-TDS returns through TIN-Facilitation Centers (TIN-FC) established by NSDL or directly upload the same through NSDL web site (www.nsdl.com). |
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| Why should I use eTaxFile? |
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The tedious job of manually computing tax-deductible data is automated, thus eliminating the possibility of manual error in tax computation. |
| Its intuitive and easy-to-use screens make eTaxFile very easy to learn and implement |
| eTaxFile fully complements your existing payroll system and can automatically import deductee details. You do not need to feed-in the information again! |
| eTaxFile automatically generates Challans and TDS reports and provides options to electronically file TDS returns |
| Its "Tax Planner" feature enables you to advise your employees on their annual tax planning |
| All available provisions for TDS have been incorporated. Computation of TDS is automatic and requires no manual calculation |
| Prints consolidated TDS Certificates, Challans and Annual Returns for statutory and tax-audit purpose. |
| Vital summary information is at your fingertips for retrieval during consulting and audit engagements |
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Simplifies calculation of monthly deductions of TDS on salary, for both Salaried and Non-salaried deductees. |
| Imports taxation details from your Payroll & Accounting systems, thus avoiding the drudgery of data entry. |
| Helps in calculation of value of perquisites provided to employees and generates Form 12BA. |
| Calculates Gratuity, Leave Encashment, Commutation of Pension, etc. |
| Calculates rebates, relief U/s 89(1), deductions under sections (80CCC to 80U) and computes the tax deductible at source. |
| After computation of the tax deductible, it automatically generates: |
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- TDS Challans for corporate and non-corporate deductees.
- TDS & TCS Certificates
- Quarterly and Annual Returns (Form 24, 26,27, 27E)
- Calculation of perquisites and Form 12 BA
- Various MIS Reports.
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Enables electronic filing of TDS Returns |
| It can compute, publish, store and retrieve your TDS certificates & Returns as a comprehensive electronic repository for future access. |
| It conforms to all statutory provisions and is easily upgraded through web downloads, to accommodate changes in Income Tax laws. |
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| You don't need to be one! eTaxFile is fully menu-driven and has been programmed with all the provisions; relief and rebates currently available under the various sections of the Income Tax Act. Easy and intuitive, eTaxFile requires very little training before you can start exploring the full functionality of the software. |
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| " There are so many applications available in the market for e-TDS, what is special about eTaxFile?" |
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| e-Taxfile's 3-Tier architecture enables you to easily handle the frequent changes in tax laws. Any change can be integrated into the business logic of the software within a fortnight! |
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| e-TaxFile has the ability to integrate your payroll and accounting systems and can directly import deductee's details, thereby saving the need for laborious data entry activity! |
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| What More, File returns Online with just a click of the mouse. |
