Doing your taxes doesn’t have to be so taxing. The way to make things as easy as possible would be to choose some software solutions that can help you do online TDS payments and other necessary administrative tasks with ease.
Read on as we share the top 5 tax software solutions you need in 2021.
Use a TDS payment tool
You will want to focus more on growing your business than filling out tax forms but tax deducted at source (TDS) is something that every business or individual has to deal with.
If you use the free online TDS payment tool available from RazorpayX you will be able to complete the payment process in a few simple steps.
The online process takes a few clicks. It starts by selecting your TDS category, tax type, and assessment year before entering your TAN and address. All you do next is enter your contact and the amount details before clicking pay to finish the process. This will then generate the relevant challan, which is sent to your email address.
This software helps you remain compliant
Another software collusion to consider would be the package offered by ClearTax, which has been designed to help you manage your taxes and achieve compliance with a good degree of efficiency.
If you want a software solution for your GST obligations this tool could help by automatically selecting the right ITR form and allows you the opportunity to e-file your tax returns with a minimum of fuss.
Choice of program options
Another software solution to consider would be Eztax. It is versatile in terms of being available to use via a mobile app or through a web browser and a nice feature is the ability to upload a photo of your Form-16 so that it can be stored and read in PDF format.
This software also aims to calculate the best way to save on your income tax liabilities.
Manage your payables and receivables administration
Zoho Books is also worthy of consideration as a tax software solution because of some of the automated features it offers.
You will be able to automatically calculate GST information and generate a report. It is also able to fetch a bank statement and incorporate the data into your account.
Prepare and file your income tax returns
Software offered by Taxspanner is specifically designed to guide you through the preparation and filing of your income tax returns.
You can use this tool to e-file any different type of income tax return and its security features include 256-bit SSL encryption for peace of mind that your data is being protected as best as possible.
This software is available via a portal and it makes automated calculations relating to your tax liabilities based on the relevant tax rules at the time.
Using tax software will help you to complete tasks such as preparing and profit and loss statement and income tax returns. There are a number of distinct advantages attached to the idea of using software that helps you achieve tax compliance in the quickest and most efficient way.
When you know your tax calculations are taken care of it will allow you the chance to focus on growing your business rather than spending wasted time on manual administrative tasks.