How does ClearTax make money?
ClearTax has partnered with 1,000 chartered accountants, helping them file tax returns, across the country. The firm gets 60\% of its business from offering its services to institutions and the rest comes from directly transacting with consumers. It did not disclose its annual turnover.
Is ClearTax really free?
Well, fintech company ClearTax recently announced the launch of its new app — ClearTax E-Filing — to help taxpayers file income tax returns, free of cost.
How do tax return companies make money?
How Tax Preparers Can Make Money Year-Round
- Prepare taxes for businesses.
- Offer payroll management.
- Perform bookkeeping services.
- Become a tax service bureau.
- Represent clients before the IRS.
- Educate other tax preparers.
- Offer refund transfers.
- Become a financial planner.
How does TurboTax make money if its free?
TurboTax makes money by charging customers a yearly fee for access to its premium products as well as dedicated tax experts. The tool operates on a freemium model, meaning the majority of its features can be used at no cost.
What is the business model of ClearTax?
ClearTax – Business and Revenue Model The company is known to charge their customers for filing. The ClearTax Revenue model is self e-filing-based, while it operates on a freemium model. ClearTax has a Chartered Accountant-assisted services for filing the individual tax returns.
What is ClearTax site?
We are India’s largest tax and financial services software platform for individuals, tax experts, SMEs and enterprises with ITR, GST, e-Invoicing solutions and more. You can avail assisted filing from a ClearTax tax expert.
Can you trust ClearTax?
With bank grade network security (128- bit SSL), security audits and industry- wide best practices in security, we keep your data safe. We take your privacy seriously, ClearTax does not use or share your data with anyone. All your data is private and belongs to you. You can download it for free anytime you want.
What are the charges of ClearTax?
ClearTax offers 3 Expert-assisted e-filing plans for salaried individuals. ClearTax also offers plans for Business Professionals and Freelancers starting from Rs. 3,700 and NRIs at Rs. 3,100.
What are three benefits of completing your tax paperwork yourself?
The Pros and Cons of Preparing Your Own Taxes
- Pros:
- Save money. Hiring an accountant can be costly, and you can save a bundle if you choose to do your taxes yourself.
- Have peace of mind.
- Gain financial insight.
- Cons:
- You will spend more time.
- Online help can be insufficient.
- There is a risk of error.
How do I start a successful tax preparation business?
What are the Steps for Starting a Home-Based Tax Preparation Business?
- Obtain your PTIN.
- Get the Necessary Education and Training.
- Decide on Your Business Name.
- Register Your New Business in Your State.
- Obtain an EIN.
- Open a Business Bank Account.
- Apply for Local Business Licenses and Permits.
Is TurboTax free edition really free?
Wait, Is TurboTax Really Free? TurboTax Free File, also called TurboTax Freedom Edition, is free for those making under $34,000 per year. Click here to access the TurboTax Free File edition. TurboTax also offers a Free Edition for anyone who is filing a simple return only.
How do companies like cleartax make money?
ClearTax and other free services companies make money through other premium services. I don’t know ClearTax and the other services they provide. But, let me give you a clear examples from another free services company.
Is it safe to file income tax online through cleartax?
Certified Tax Resolution Specialist standing ready to help. It is safe to file itr thru third party transactions like cleartax, bankbazaar Etc. This type of sites specifically target individuals who are unable to deal with complexities of income tax. Their interface are user friendly.
Is cleartax a B2B or B2C company?
Now, even though ClearTax is a B2C (Business to Customer) business model, but they use a B2B model strategy to find their users. They do so, by reaching out to large corporations, which in turn offer ClearTax for free or at a discount to their employees.
Does my tax consultant need my Password for filing Income Tax?
Yes,your tax consultant very much needs your password for filing your income tax returns snd checking for ref,tds etc. So don’t worry on that,you can share it. Just make sure to updare yourself with your account every once in a while. Which income tax filing service is better between Taxspanner and ClearTax?
https://www.youtube.com/watch?v=FD-ZvGi9FI0