Are you someone wanting to file your Income Tax Return for FY 2024-25, and confused how to go about it? Well, we have got you all covered with our diversified tax filing options. ClearTax offers DIY(Do It Yourself) product for you to file your ITR without having to fall behind a traditional tax return preparer. ClearTax also has Assisted Filing plans, where our Tax Experts handle your ITR round the year and even provide notice management services, and our AI-Powered-Chat-Based ITR filing, which you can access through platforms like WhatsApp, Slack, and MS Teams, and file your ITR with just a few clicks!
But with the availability of many ITR filing options, it is important to choose the right platform to get your task done. In this article, we will compare the ITR product and services of ClearTax with that of TaxBuddy's, a similar online ITR filing platform.
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
In 2024, ClearTax introduced an AI-powered, WhatsApp-based chat solution for hassle-free tax filing, specifically designed for gig workers. This innovative product enabled over 2 lakh gig workers to file their taxes seamlessly, thus resulting in an overall refund of over Rs 30 crores. Building on its success, ClearTax has now expanded this feature to benefit all taxpayers. It is now available not just on WhatsApp, but also on Microsoft Teams, Slack, and the official website. Users can now file their ITR end-to-end in under 8 minutes through a simple conversation with our AI-powered chatbot, Neha, thus eliminating the hassle of manual tax filing entirely.
To file ITR using WhatsApp drop a text on +91 8951262134!
ClearTax offers its DIY - Do It Yourself product where taxpayers to file their ITR on their own. Whereas, TaxBuddy does not have a DIY product. The features of the DIY product can be summarised in the following table:
Features | ClearTax | TaxBuddy |
Parsing Multiple Form-16 | ✔️ | NA |
Parse annexure for Salary Break-up | ✔️ | NA |
Stocks | 80+ Brokers | NA |
Mutual Funds | Both CAMS and Karvy | NA |
US Stocks | 3 brokers | NA |
Crypto/VDA | 20+ exchanges | NA |
Standard Template for parsing | ✔️ | NA |
Bonds and Debentures | ✔️ | NA |
Deemed Capital Gains | ✔️ | NA |
Land, Buildings and Property | ✔️ | NA |
RSUs and ESOPs | ✔️ | NA |
Section-54 to save tax on purchase of House | ✔️ | NA |
Gaming and Lottery | ✔️ | NA |
Prefill Freelancing and Business Income | ✔️ | NA |
Carry forward of losses | ✔️ | NA |
24*7 Chat Support | ✔️ | NA |
Free Notice Management | ✔️ | NA |
Advanced Tax Insights | ✔️ | NA |
Auto regime selection | ✔️ | NA |
Auto ITR type selection | ✔️ | NA |
Tax saving nudges | ✔️ | NA |
Expert Assisted Tax Filing
Both ClearTax and TaxBuddy offer assisted filling services. ClearTax offers diverse assisted filing plans covering various taxpayer requirements and catering to taxpayers with various sources of income. The features of assisted filinf plans of both ClearTax and TaxBuddy is discussed in the below table:
Features | ClearTax | TaxBuddy |
Trusted customers served | 6M+ | 1M+ |
Network of CAs/Tax experts | 10,000+ | 3,000+ |
Years of trusted service | 14+ Years | 6+ Years |
Live video call with tax expert | ✔️ | No Video Call |
Matching of tax expert with income profile | ✔️ | No visibility of expert profile |
Guaranteed ITR Filing in 24 hours | ✔️ | No timelines |
Dedicated relationship manager | ✔️ | Not Available |
Live chat support | ✔️ | Standard BOT engagement |
Follow up calls | 15 mins | Usually within 45 mins |
Updated Return - ITR U filing | ✔️ | - |
Unlimited Tax Consultation | ✔️ | Not Available |
Free Revised ITR Filing | ✔️ | Not Free |
Advanced Tax Insights Report | ✔️ | - |
Data security (User’s contact details not shared with CA) | ✔️ | - |
Multi-channel document collection | ✔️ | ✔️ |
Curated ITR plans for all kinds of income | ✔️ | ✔️ |
Follow up emails | ✔️ | ✔️ |
Tax notice management | ✔️ | ✔️ |
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.
Yes, you still can file using ClearTax!
ClearTax has partnered with 80+ investment brokers, including Groww, Upstox, Paytm Money, 5paisa, and many more thus fetching your capital gains info in just one click. 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.
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.
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.
With the growing need for hassle-free and efficient income tax filing, both ClearTax and TaxBuddy have emerged as popular online platforms. ClearTax offers advanced features like AI-powered chat-based filing, year-round expert support, a dedicated relationship manager, 24*7 support services, and vast experience. Thus, ClearTax is better.
ClearTax offers a comprehensive ITR filing solution for individuals with varying income sources, whether you are a salaried, or a freelancer, or have capital gains. With step-by-step guidance, YouTube demos, and expert-assisted plans, ClearTax ensures hassle-free tax filing no matter the complexity. Make the smart choice and file your taxes easily with ClearTax.