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28 Best Income Tax Software in 2020

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By Taxmann

Taxmann e-TDS Returns

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Taxmann

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By Monarch

Monarch M-TDS (TDS Management)

(2 reviews)

Starting Price

₹2,250.00 Lifetime

By ClearTax

ClearTax New GST Returns E-Learning course with certification

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₹3,600.00

By K.D.K. Softwares

Kdk Spectrum

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By EZTax.in

Eztax It Filing

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By Thomson Reuters

Thomson Tax Accounting

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By Chartered Info

TaxPro TDS Software

(4 reviews)

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₹4,800.00 /user per year

By ClearTax

Taxcloud india

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By Wolters Kluwer

Wolters Kluwer Direct Tax Online

(3 reviews)

Starting Price

₹6,000.00

GEN Income Tax GEN is the best Income Tax software has been crafted for the easy calculation of...

by SAG Infotech

(2 reviews )

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Starting Price

₹4,800.00Lifetime

Features :

ITR Preparation
Income Tax Calculation
Income Tax Filing
Income Tax Return Filing
ITR Filing
Reports
Form 49/49A
For Business
File e-TDS
File TDS
Generate Form-16s
PAN Verification
Income Tax
Interest Calculation
E-Registration
Calculation of Arrear and Relief
e-Filing
14 More

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Deployment :

CompuTax What is CompuTax? CompuTax is one of the best income tax management software in India which...

by CompuTax

(16 reviews )

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PRICE ON REQUEST

Features :

ITR Preparation
Income Tax Filing
Income Tax Return Filing
ITR Filing
Income Tax Return Preparation
Tax Calculation
Link Aadhar with PAN & Generate EVC
File TDS
PAN Verification
File e-TDS
Generate Form-16s
Import Data
File Transfer
Interest Calculation
11 More

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Deployment :

I-TAX Income Tax Software Income Tax Software

I-TAX Income Tax Software What is I-TAX Income Tax Software? I-TAX Income Tax software is one of the fu...

by Monarch

(1 reviews )

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Starting Price

₹2,100.00Lifetime

Features :

Income Tax Calculation
Income Tax Return Filing
Inbuild eTDS/eTCS
Parameter setting
For Business
File e-TDS
Generate Form-16s
Password Protection
SMS & Email Support
From Asst Year to Current year
Direct login
Data import Facility
All report in Word, PDF and GUI
10 More

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Deployment :

Monarch I-TaxNxt Income Tax Software ITAX (one Law one Software) is the best audit software in india for fi...

by Monarch

(3 reviews )

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Starting Price

₹2,750.00Lifetime

Features :

Income Tax Filing
Income Tax Return Preparation
Data import Facility
All report in Word, PDF and GUI
Inbuild eTDS/eTCS
Parameter setting
For Business
File e-TDS
File TDS
From Asst Year to Current year
Direct login
8 More

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Deployment :

Monarch Me-TDS Me-TDS is an ultimate solution for preparing of e-TDS / eTCS return, return submission CD and paper ...

by Monarch

(2 reviews )

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Starting Price

₹2,250.00Lifetime

Features :

Income Tax Calculation
Preparation of eTDS & eTCS returns
Auto-generation
Printing of TDS, TCS certificates
Auto calculation of TDS, TCS
One key stroke preparation
In-built utility for Import / Export
For Business
File e-TDS
File TDS
Generate Form-16s
8 More

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Deployment :

GEN e-TDS GEN e-TDS software has been exclusively designed for the filing of TDS/TCS returns online as per the...

by SAG Infotech

(1 reviews )

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Starting Price

₹1,500.00Lifetime

Features :

ITR Preparation
Income Tax Calculation
Income Tax Return Filing
Income Tax Filing
Interest Calculation
Challan Management
Entry Forms Module
For Business
File e-TDS
File TDS
Generate Form-16s
PAN Verification
TDS Calculation
E-Registration
Correction Statements
Online Payment
13 More

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Deployment :

Wolters Kluwer Direct Tax Online Income Tax Software

Wolters Kluwer Direct Tax Online Wolters kluwer direct tax online is the efiling ITR preparation software and it's combines the ...

by Wolters Kluwer

(3 reviews )

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Starting Price

₹6,000.00

Features :

Real Time Information
Maximize speed
Authentic Information
Enhanced Interface
Optimize efficiency
2 More

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Gen XBRL Gen XBRL Software has been developed for professionals like Company Secretaries and Chartered Accoun...

by SAG Infotech

(1 reviews )

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Starting Price

₹6,000.00

Features :

Financial Management
Income Tax Filing
Profit & Loss Statement
Integration
Self Loading
e-forms
Admin Control
e-Filing
For Business
File TDS
Generate Form-16s
Conversion
Income Tax Return Preparation
10 More

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Deployment :

GEN Genius GEN Genius software from SAG Infotech Pvt. Ltd. is a complete office automation tool with a complete...

by SAG Infotech

(3 reviews )

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Starting Price

₹4,000.00

Features :

e-Filing
Amalgam of Software
Form 49A/PAN Correction
ITR Forms
Administrator Access Control
Error Checks
Balance Sheet
MIS Reports & Analysis
INCOME TAX & TDS
Continuous Credit Monitoring
TDS/TCS Management
Form Manager
For Business
File e-TDS
File TDS
Generate Form-16s
PAN Verification
14 More

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Deployment :

Monarch M-TDS (TDS Management) Income Tax Software

Monarch M-TDS (TDS Management) M-TDS is an ultimate audit management solutions for preparing of e-TDS/e-TCS return, efilling income...

by Monarch

(2 reviews )

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Starting Price

₹2,250.00Lifetime

Features :

Income Tax Calculation
Income Tax Return Filing
More than 36 report and register
Data import
For Business
File e-TDS
File TDS
Generate Form-16s
Audit Report
Simple data entry module
7 More

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Deployment :

Monarch eAuditor+ eAuditor+ is known as one of the best ITR preparation software that is specially designed for charte...

by Monarch

(1 reviews )

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Starting Price

₹1,750.00Lifetime

Features :

Forms Management
Income Tax Calculation
Import & Export Data
Auditing
User defined Equipment hierarchies
Auto Update
SMS & Integration
reports generation
Income Tax Return Filing
6 More

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Deployment :

Saral IncomeTax Saral Income Tax software is a holistic tds e filing software that prepares all the income tax retur...

by Relyon Softech

(3 reviews )

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Starting Price

₹5,500.00Lifetime

Features :

Income Tax Filing
Intigrate with IncomeTax website
Income Tax Return Preparation
Data Export To Audit Report
Auto-Filling Of IncomeTax
Data Import From Tally
BULK UPLOAD
Integration
Billing
Data Export
Audit Report
Returns And Efiling
Digital Signage
Bulk Uploading
IN-BUILT BILLING MODULE
12 More

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TaxPro TDS Software What is TaxPro e-TDS? TaxPro e-TDS is one of the best e-TDS filing software that helps profession...

by Chartered Info

(4 reviews )

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Starting Price

₹4,800.00/user per year

Features :

PAN Verification
File TDS
File e-TDS
Generate Form-16s
Import/Export Management
E-Return
3 More

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Deployment :

LegalRaasta - ITR Software Income Tax Software

LegalRaasta - ITR Software ITR software is a reliable and comprehensive software for filing income tax returns. The software co...

by LegalRaasta

(1 reviews )

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Starting Price

₹99.00/User per month

Features :

Directly Import from Form 16
Detailed Tax Computation
Refund management
No Income Tax login password required
Revise Return
Prepare and File
No Storage Space Required
Phone/ Chat Support
Tax saving
ITR Forms
Client Database
Capital gain
For Business
File e-TDS
File TDS
12 More

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Deployment :

LegalRaasta - TDS Software Income Tax Software

LegalRaasta - TDS Software TDS and tds e filing software is a comprehensive Tax-Deducted-At-Source Return software designe...

by LegalRaasta

(2 reviews )

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Starting Price

₹799.00/year

Features :

PAN Verification
Unlimited quarterly return
Reports
Deductors
Eliminate PAN Errors
OLTAS Linking
Form 16 preparation
For Business
File e-TDS
File TDS
Generate Form-16s
8 More

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Deployment :

Saral TDS What is Saral TDS? Saral TDS is a comprehensive TDS management software. It is developed wi...

by Relyon Softech

(3 reviews )

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Starting Price

₹1,500.00Lifetime

Features :

Complete Solutions For TDS
Fully Integrated With Traces
Comprehensive Corrections
Consolidated Form 16 & Form 16A
Data Quality Report
Online Verification
Detailed Tax Computation
MIS Reports
For Business
File e-TDS
Generate Form-16s
PAN Verification
9 More

Add to Compare

Supported Platforms :

Deployment :

ClearTax New GST Returns E-Learning course with certification Income Tax Software

ClearTax New GST Returns E-Learning course with certification What is ClearTax New GST Returns E-Learning course with certification? ClearTax New GST Returns E...

by ClearTax

(3 reviews )

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Starting Price

₹3,600.00

Features :

Audit Trail
Tax Management
MIS Reports
Collaborate
Reporting
Dashboard
VAT / CST / GST Reports
Billing & Invoicing
Data Security
Data Import/Export
Email and SMS Notifications
For Business
File e-TDS
Generate Form-16s
PAN Verification
12 More

Add to Compare

Supported Platforms :

Deployment :

Kdk Spectrum What is KDK Spectrum? KDK Spectrum is one of the best accounting software available in the ...

by K.D.K. Softwares

(1 reviews )

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PRICE ON REQUEST

Features :

Audit Trail
User Management
Tax Management
Dashboard
Transaction Management
GST
3 More

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Supported Platforms :

Deployment :

Taxcloud india What is Taxcloud India? Taxcloud India is a web-based accounting software that is used to f...

by ClearTax

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PRICE ON REQUEST

Features :

INCOME TAX & TDS
ITR Forms
Online TDS Declaration Management
Backup
Multiple User
e-Filing
3 More

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Supported Platforms :

Deployment :

Stacos

by Skorydov Systems Limited

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PRICE ON REQUEST

Features :

For Business
File e-TDS
File TDS
Generate Form-16s
PAN Verification
2 More

Add to Compare

Supported Platforms :

Deployment :

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Last Updated on : 04 Jul, 2020

Buyer's Guide for Top Income Tax Software

Found our list of Income Tax Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

About Income Tax Software

Whats is income tax software?
How income tax software help your business?
Features of income tax software
10 Most Popular Income Tax Software in India
Things consider before buying Income Tax and TDS Software
Billing And Invoicing Software
Accounting Software For Small Business
GST Accounting Software

What is Income Tax Software?

Income tax software is an application that assists at stages like income tax computation, ITR preparation, TDS and income tax e-filing. The process of using an income tax software is very simple and user-friendly due to minimum key operations and single window computations. Income tax software also helps with data entry and income tax calculation of taxes. Income tax software facilitates easy preparation and generation of ITR forms in paper returns and e-returns by automatically filling the values from your sheets to ITR forms. The income tax software further provides various online tools and features.

Income Tax Software is a comprehensive solution for Indian tax compliance which automates the process of ITR preparation, TDS returns and online filing in bulk.

ITR Preparation Software for AY 2019-20

Here comes March, and ITR preparation software is going to be the best companion of start-ups, SMBs and big enterprises alike. But do you know the basic stapes to file ITR? Let us help you with ITR preparation with these simple steps:

Calculate your taxable income
Collect TDS certificates for all the four quarters and calculate your TDS amount
Choose your ITR form to fill ITR online or offline
Go to the income tax portal and download ITR utility form
Fill the details in the form and validate your details
After converting the file to XML format, submit it on the IT portal

How Income Tax Software Help Your Business

There are a lot of benefits of using income tax software. Be it automation, increase in efficiency or accuracy, bulk filing or record management. Let’s have a look at the benefits of an income tax software:

Automation software

Automation is a major benefit of using income tax software. Income tax software reduces manual efforts as it can automate taxation formalities starting from tax calculation to tax filing. An income tax computation software will help you in your accounting process for calculating income tax, advance tax, wealth tax and TDS (Tax Deduction at Source).

Accuracy

Manual calculations always have the risk of going inaccurate. The Income Tax Preparation software will assure you of accurate results that can be trusted for your income tax filing purpose. This reduces manual labor, saves time and reduces the chances of human error within your organization.

E-filling of returns

A taxpayer, be it an individual or an organization, should follow a prescribed format in order to have undisputed accounts. The income tax return filing software will take care of all these pre-defined formalities after calculating the tax amount. Thus, you don’t need to worry about any discrepancies.

Records

Taxation requires you to maintain records so that you can get the required details any time without requiring you to dig deep into the paperwork. An income tax filing software generates and stores the documents in easily accessible folders so that you can always find the details whenever required.

Real-time tracking

Get real-time tracking of all the processes related to income tax. You can control the complete workflow just by making a few clicks from your system with the best income tax software. You can view the real-time process status of every function with customized alerts, reducing hands-on time and enabling employees to focus on higher-priority tasks.

Better efficiency

Income tax computation software helps increase the efficiency of every process related to tax management in your company. You will be able to retrieve data, eliminate data that is not required, generate invoices, upload digital signatures and access archived data.

Controlled workload

With automated software, you can save yourself from redundant tasks and focus only on the processes that actually need your attention.

You can focus on priority tasks

You can manage priority tasks by viewing the real-time process status and receiving customized alerts which help in reducing hands-on time.

Affordability

Most tax management software is affordable and has a variety of features that can be used for filing income tax returns and other functionalities.

User-friendly features

Most tax preparation software is easy-to-use and has an interface that can be managed by employees with limited technical expertise. There are demo training sessions available as well if you want to learn how you can make the most of an income tax software in detail.

Features of Income Tax Software

Online Income Tax

This is also acknowledged cloud-based income tax software and it will help to access a dashboard to track financial details anywhere and anytime.

Complete ITR preparation software

Income tax software is a comprehensive application that is designed to automate the process of Income-tax return preparation and online filing.

Bulk ITR filing

With a corporate income tax software, you can do bulk filing of Income Tax Returns and check the status of returns filed in bulk through e-return intermediary service.

Tax meter

A professional income tax software has the feature of tax meter which gives a quick glance of numbers under different income categories. You can also check the interest payable with the help of an income tax calculation software.

Auto-calculations of taxes

Computation of income and exceptions for all categories can be calculated automatically with income tax software.

Auto-estimation

Estimation of late payments, payment interests, late filing interest and the fee for delayed filing can be done automatically with the help of an income tax software.

Audit report

A federal income tax software has an in-built audit report module that has an import facility of related details for e-filing. You can also auto-transfer data from computation and ITR, and carry forward the relevant data for future use.

Reporting option

With income tax software, you can generate various reports like computation report, the number of audit reports signed by the auditor, challan reports, MIS reports, etc.

Data import

You can import data backup in bulk from various sources like excel, XML and other sources for income tax return filing all with the help of an income tax software.

Tax details import

Tax details paid in previous financial years can be extracted with the income tax software. You can get details like TDS, 26QB, 26QC from form 26AS.

E-filing tools

You will get an e-return to submit a tool and an e-return error locator utility. With an income tax return filing software, you will also get to update your e-filing profile.

Online tools

Tools and utilities like e-challan, mass e-return processing status and adhaar-PAN linking can also be done with the help of income tax software. You can also download and import XML as well as other file formats from the IT website.

E-services

An income tax filing software can guide you with e-payment, submission of payment details, message services, digitally signed e-invoice and auto-registration on formatting and surrendering license.

Miscellaneous features

Income tax software includes features like billing, IT checker and tax planner. An income tax return software can provide a comparison of current year’s figures to any of the years in the past. You can also view the bank details like IFSC and BSR code.

Digital signature

You can upload your digital signature by using the digital signature utility feature for form 16 and form 16A.

Integration with TRACES

The best income tax software provides the online services utility feature which are fully integrated with TRACES (TDS Reconciliation, Analysis and Correction Enabling System).

Top 10 Income Tax Software For ITR Calculation, TDS and Return Filling

Chartered TaxPro TDS Professional – Best income tax return filing software in India
Cleartax income tax software at low price
Monarch M-TDS (TDS Management)
I-TAX Income Tax Software
LegalRaasta - ITR Software
GEN Genius Income Tax Software
Gen XBRL
Monarch eAuditor+
Spectrum income tax software: This provider offer free download trial version for a limited period.

Follow Steps Before Buying Income Tax Software online

Finding the best income tax software should be based on what your organization needs. Depending upon the type of features that you need, your choice of an income tax software will change. Along with the need, make sure you also follow the given points to make the right choice of plagiarism checker:

Know What You need

While choosing an income tax software in India, you should know what kind of software do you want. If you are looking for an income tax return preparation software that has automated e-filling and a TDS module as well, you should look for specific options. If you want an income tax software with just the basic features, you can opt for the basic versions available.

Ease of Use

Most income tax software is easy to use, but make sure that you are able to understand and operate the software easily once it’s implemented within your system. Any software functionality that you cannot use conveniently will result in the wastage of both time and effort.

Vendor Support System

Reliable vendor support is a must for you, just in case things go wrong. If you face any issue with the income tax software for tax preparers, you would need a vendor support executive to fix it. You should make sure that your vendor has a reliable after-sales service because delay in fixing the issue can take a major toll on your company.

Income Tax Software Demo

Before buying an income tax software for pc, you should ask for an income tax software demo trial. Also make sure that you inquire the vendor about each and every feature. Income tax software demos are quite helpful, as you will be able to understand the software better and make a sound judgment before buying the software.

Making the Investment

Make an investment only when you are very sure that you want to opt for online income tax software. Income tax software price varies according to its features. If you are a beginner, you can always try your hands on the free income tax software available online. When you are sure that you want to go a step higher, only then make an investment of buying an advanced online income tax software. Before buying, always check the minimum system requirement. Also make sure that the software you are choosing is compatible with other plug-ins you might want to use.

Income Tax Software

The 6 Best Free Tax Software to File Your Tax Return in 2020

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ITR form is essentially a tax form used to file income tax with the Income Tax Department. Taxpayers file all information about their income and applicable taxes in the ITR form. For now, the income tax department has notified seven ITR forms mainly ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7...

Income Tax Software

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The prime focus of government post their earth-shattering win in Lok Sabha elections will be on taking strong measures towards economic growth. Even citizens of this country are looking forward to the budget 2019 India with hopes that their lives will become financially less burdensome. With 'The Da...

Income Tax Software FAQs

Q1 - Free Open Source Income Tax Management Software.

The best income tax software in India completely depends on your requirements. What is best for you might not be the best for someone else. Therefore, you have to be very sure about the features you want in your tax return software. There is a variety of paid and free tax software available in the market. Apart from the best free income tax software, there are many advanced income tax solutions that are available to manage your taxes.

Q2 - Where to buy and compare tax software?

You can easily buy and compare tax software online. There are many income tax software available on techjockey.com to filter out, compare and buy. You can also avail a free demo to test if you are comfortable using a given income tax software.

Q3 - How to use income tax software?

Most income tax return preparation software applications are extremely easy to use. You can operate it on your own with the instructions given, or you can also take the help of the free demo sessions to be more familiar with this software.

Q4 - What is the best ITR preparation software in India for CAs.

Chartered accountants prefer these income tax software solutions for ITR preparation:

Winman software
ClearTax
Saral TaxOffice
TaxRaahi ITR, etc.

Q5 - How Does income tax software for CA Chartered Accountants Works?

With this income tax software for chartered accountants specially designed for CA office to improv their accurate financial calculations and make track for ITR, Returns, GST filling.

Q6 - Which income tax software is best?

There are many income tax filing software that can be considered the best for you. It all depends on your requirements. All you have to do is find software that suits all your requirements. There are several paid as well as free income tax software available online. The best all-in-one software for income tax are TDSMAN, LegalRaasta, RelyonSoft Saral TaxOffiiceand and GEN Income Tax.