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Cleartax vs TaxBuddy: Comparison and Differences for ITR Filing

By Ektha Surana

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Updated on: Jul 13th, 2024

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5 min read

TaxBuddy and Cleartax are two distinct types of income tax filing platforms. However, there are notable differences between the two.

If you're unsure which income tax software is more suitable for your needs, we provide a detailed comparison of Cleartax vs TaxBuddy. By examining the detailed comparison between Cleartax and TaxBuddy, you will be able to make an informed decision regarding the most suitable income tax software for your ITR needs.

Comparison of Cleartax vs TaxBuddy

Cleartax offers both self-filing and expert-assisted plans, while TaxBuddy solely provides expert-assisted plans. Let us compare the service offerings of Cleartax and TaxBuddy

1. Self Tax Filing

Features

Cleartax

TaxBuddy 

Parsing Multiple Form-16

✔️

-

Parse annexure for Salary Break-up

✔️

-

Stocks

25+ brokers

-

Mutual Funds

Both CAMS and Karvy

-

US Stocks

3 brokers

-

Crypto/VDA

20+ exchanges

-

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

✔️

-

2. Expert Assisted Tax Filing

FeaturesCleartaxTaxBuddy 
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✔️✔️
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)

✔️-

With Cleartax, users have the convenience of filing their ITR independently. By logging in and linking their PAN with OTP verifications, users can auto-fill most of their details, including salary income and TDS information. Additionally, ClearTax allows the option to upload Form 16, capturing all salary details automatically.

What if You Are a Salaried Individual with One or More Investments? 

Yes, you still can! 

We have partnered with 25+ investment brokers, including Groww, Upstox, Paytm Money, 5paisa, and many more. All you need to do is upload your P&L statements from the broker. Your capital gains will be calculated in a matter of minutes.

What if You Are a Salaried Individual with Capital Gains from Crypto? 

We have powerful integrations with over 20 exchanges like CoinSwitch, CoinDCX, Etherium, Binance, and many more. Just upload the capital gains reports and calculate your crypto taxes in minutes.

What if You Are a Freelancer with Capital Gains from Stocks, Mutual Funds, Crypto, and Land?

On Cleartax, we cover more than 300 professions. Also, you can find a detailed step-by-step video guide to assist you in filing your ITR. If you're a freelancer, Cleartax offers a comprehensive step-by-step video guide that walks you through the process of filing your taxes. Additionally, when it comes to capital gains, users can effortlessly import their P&L statements and fill up the capital gains section.

Conclusion:

Cleartax emerges as a comprehensive income tax filing platform that caters to diverse income sources and complexity levels. Whether you are a salaried individual with investments or a freelancer with multiple capital gains, Cleartax provides a seamless solution. We also have detailed live demos on Cleartax YouTube channel that can help you get started with your ITR filing

In case you are still confused about your tax filing, you can avail a dedicated tax expert to help you file your taxes, start to finish.

So, no matter what your source of income is and how complex your ITR is, make the right choice for your tax filing needs and file your ITR conveniently with Cleartax.

About the Author

Multitasking between pouring myself coffees and poring over the ever-changing tax laws. Here, I've authored 100+ blogs on income tax and simplified complex income tax topics like the intimidating crypto tax rules, old vs new tax regime debate, changes in debt funds taxation, budget analysis and more. Some combinations I like- tax and content, finance & startups, technology & psychology, fitness & neuroscience. Read more

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Quick Summary

Cleartax and TaxBuddy are income tax filing platforms; Cleartax offers self-filing and expert-assisted plans, while TaxBuddy solely provides expert-assisted plans. Cleartax covers various income sources with detailed guidance and live demos, providing comprehensive solutions for users of all complexity levels.

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Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

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