Updated on: Apr 21st, 2025
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5 min read
When it comes to income tax filing platforms, Cleartax and myITreturn offer unique features and functionalities. Although they share the same purpose, there are significant distinctions between the two.
If you're uncertain about which income tax software is best suited for your requirements, here’s a comprehensive comparison of Cleartax and myITreturn. By analysing the detailed features and capabilities of both platforms, you can make an informed choice about the most suitable tax filing platform to fulfil your ITR needs.
Features | ClearTax | My IT Return |
Parsing Multiple Form-16 | ✔️ | ✔️ |
Parse annexure for Salary Break-up | ✔️ | ✔️ |
Stocks | 25+ brokers | No broker integrations (Only file upload) |
Mutual Funds | Both CAMS and Karvy | No broker integrations (Only file upload) |
US Stocks | 3 brokers | - |
Crypto/VDA | 20+ exchanges | No exchange integration (Manual data entry) |
Standard Template for parsing | ✔️ | ✔️ |
Bonds and Debentures | ✔️ | - |
Deemed Capital Gains | ✔️ | ✔️ |
Land, Buildings and Property | ✔️ | ✔️ |
RSUs and ESOPs | ✔️ | - |
Gaming and Lottery | ✔️ | - |
Section-54 to save tax on purchase of House | ✔️ | - |
Prefill Freelancing and Business Income | ✔️ | - |
Carry forward of losses | ✔️ | - |
24*7 Chat Support | ✔️ | ✔️ |
Free Notice Management | ✔️ | - |
Advanced Tax Insights | ✔️ | ✔️ |
Auto regime selection | ✔️ | ✔️ |
Auto ITR type selection | ✔️ | ✔️ |
Tax saving nudges | ✔️ | ✔️ |
Features | ClearTax | myITreturn |
Live chat support | ✔️ | Standard BOT engagement |
Dedicated relationship manager | ✔️ | - |
Response within an hour | ✔️ | - |
Revised ITR return - ITR U filing | ✔️ | - |
Live End to End filing over video call | ✔️ | Live filing not supported |
Multi-channel document collection | ✔️ | Only via emails |
Curated ITR plans for all kinds of income | ✔️ | - |
Follow up emails | ✔️ | ✔️ |
Follow up calls | ✔️ | - |
Tax notice management | ✔️ | - |
Advanced Tax Insights Report | ✔️ | - |
Data security (User’s contact details not shared with CA) | ✔️ | - |
When it comes to self-filing plans between Cleartax vs myITreturn, Cleartax stands out by providing a broader range of services for all income types.
Another distinction is that Cleartax supports integration with 22 stockbrokers and accommodates both CAMS and Karvy mutual funds. However, myITreturn does not offer broker integrations but allows users to upload a template and even the crypto details are required to be entered manually, which can get overwhelming and complicated for users.
ClearTax distinguishes itself as a comprehensive income tax filing platform that caters to all filers and all types of income. Whether you are a salaried individual with multiple Form 16s or earn capital gains, or a freelancer, ClearTax provides a seamless solution for your tax filing needs. Additionally, Cleartax offers detailed live demos on the YouTube channel, which can assist you in filing your Income Tax Return (ITR). If you still have doubts about the tax filing process, ClearTax provides the option to seek expert assistance from a dedicated tax expert who can guide you through every step of the filing process.