For Quick Alerts
For Daily Alerts

Why e-filing of taxes makes sense


Why e-filing of taxes makes sense
According to the finance ministry, around 1.64 crore people filed their taxes via the online option for FY 2011-12*. This number will surely be expected to rise as time goes by.

Of course, if you earn an annual income that exceeds Rs. 10 lakh, you have no choice but to file your returns online. For the rest, here are some advantages of going the e-way.


One of the biggest advantages is the sheer convenience. Taxes can be filed anytime, anywhere. If you were doing it the old fashioned way, then the returns cannot be filed after 6pm. There is no need to make an appointment with a chartered accountant and trudge all the way to his office. Save that time and energy for something else.

Separately, online tax returns are processed at a faster pace than the returns filed the regular way.

If you file your returns online, you can do so free of cost. Even if you take the help of certain websites, it is not phenomenally expensive and the rates vary depending on whether you take a basic package or a more advanced one where services, such as a professional going through the returns, and other facilities are provided.

Security should not be a concern. The e-filing website of the Income Tax Department is secure. The tax payer has to register himself and only after successful registration will he be given an encrypted ID and password.

On a closing note, neither is it complicated. It's time you opted for a faster, simpler and more convenient route to file your returns.

* Source: CBDT Notification dated 2nd July 2012, Ministry of Finance, Government of India


Related Articles:
Tax terms you must know
What you must know about e-filing
FAQ: Digital signature for e-filing of returns
Getting the forms right
How Investing in Mutual Funds Saves Tax

You can buy your mutual funds online at

Author: Content Team,

This document is for information purpose only. This document and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products /investment products mentioned in this article or an attempt to influence the opinion or behavior of the investors /recipients. Any use of the information /any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

Read more about: tax
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X