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E-filing of Income Tax return Offered by Soatech

It Return Filing

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Page 1: It Return Filing

E-filing of Income Tax return

Offered by

Soatech

Page 2: It Return Filing

Soatech offers a unique solution for Client’s employees to file their

income-tax return electronically (online)

This solution works on the concept of 24 x 7 i.e. any time anywhere

filing. Individuals having Internet access and valid PAN number can

prepare, calculate and file their return electronically in less than 5

minutes. (average time taken by users for F.Y. 2007-08)

e-Filing of IT return e-Filing of IT return

Page 3: It Return Filing

•Faster processing of return.

•Saves time.

•Low cost

•Anytime Anywhere filing

•Faster issuance of refund through ECS system.

•Reduce paperwork and is environmental friendly.

Electronic filing will ensure Electronic filing will ensure

Page 4: It Return Filing

How it worksHow it works

Form 16 generated by Soatech using our partner’s software contains

a link for e-filing of IT return. If employee desire to file the return he

will click the link provided on Form 16 and the data (encrypted

format) will get transferred to our partners secured site

Page 5: It Return Filing

Corporate clientSoftware

Generates the link for e-filing

Software will process the data and Generate the

Control Number

Import data to Form 16 Software

Import the data in the software. If the data is as

per the format provided by our partner then use the

predefined mapped file else you require to do the

mapping of data

The link contains Form 16 data and is encrypted for security purpose

The link contains Form 16 data and is encrypted for security purpose

Process Flow for Generation of digitally signed Form16 Process Flow for Generation of digitally signed Form16

Select the Digital signature

For signing the document

Software generates the signed

PDF Form 16

Form 16 Generated is in PDF format, which can either

directly mailed to employee using outlook or can be uploaded on intranet

Emailed to Employee using

Microsoft Outlook / Lotes Notes etc

PDF Form 16 uploaded onIntranet for downloading

Page 6: It Return Filing

EmployeeEmployee diverted to partner Server

Data transfers to partner Server

Click the link for e-Filing of IT return

As soon as employee clicks the link on form 16, PDF file prompts for transferring the data to our partner Server. A

Process Flow for e-filing of Income Tax returnProcess Flow for e-filing of Income Tax return

Page 7: It Return Filing

Employee Logs on topartner website

Is ReturnComplete ?

Complete Additional details

Decide type of Return

Print Paper return

Print Declaration form

Check Electronic return

Print Declaration form

Submit ITR forms at designated Soatech

Helpdesk

Submit Declaration online

Helpdesk SubmitsPhysical returns to

IT Department

Collect acknowledgement from Soatech

Download acknowledgement

Paper

Electronic (if you have purchased a E signature )

No

Yes

Payment Payment

A

No

Yes Yes

No

Continue…Continue…

Page 8: It Return Filing

No extra effort needed. Relieve your employees of the recurring annual hassle of filing

IT returns. Our easy to understand module with inbuilt calculator will help

your payroll team reduce its burden of constantly handling queries on taxation.

You do not have to invest any amount for employees but can still be sure that your employees are smiling and saving their precious working hours.

Low cost for your employees. Dashboard for tracking

Number of employee logged in Number of employees confirmed return Number of return filed and ITR-V uploaded on site

SOATECH

Advantages to our clientsAdvantages to our clients

Page 9: It Return Filing

Fast Processing of Returns and Faster Refunds by the Income Tax Department

Works on the concept of 24 x 7 i.e. any time anywhere filing Allow individuals to prepare their returns online. User friendly input. Calculates the taxes and prepares Challan automatically. Automatically computes tax, surcharge, Cess etc. Allows both Electronic as well as Manual filing of return. Supports for Original as well as Revised return. Supported with online help & keynote at every stage. Individuals posted outside the country can also file their return

on time Allow to enter the details of Capital gain, house property, Self

assessment Tax, Advance tax, Income from other sources etc. which are not part of form 16.

Advantages to EmployeesAdvantages to Employees

SOATECH

Page 10: It Return Filing

Our partner uses globally accepted 128-bit encryption Secured Socket Layer (SSL) technology to protect your data when it is transmitted from your employees computer to our data servers.

Their servers are secured to safeguard your data from viruses and unauthorized intrusion attacks with firewalls and are monitored round-the-clock for any denial of service or intrusion attacks.

Their servers are hosted at our ISO27001-certified data centre to ensure the highest level of security.

The signed Form16 has an inbuilt prompt which transfers data to myITreturn.com only after a user –click on the signed PDF. This ensures that the data has been intentionally sent to myITreturn.com and the employer is not responsible for the same.

Security of dataSecurity of data

SOATECH

Page 11: It Return Filing

Particulars Security

Printing Allowed

Document Assembly Not allowed

Content Copying Not allowed

Content Copying for Accessibility Not allowed

Page extraction Not allowed

Commenting Not allowed

Filling of Form fields Not allowed

Signing Not allowed

Creation of template pages Not allowed

Security of Form16 pdf fileSecurity of Form16 pdf file

Page 12: It Return Filing

Situation Price per return

No change from Form 16 data given by employer

Rs 250

Having income from employer apart from previous other employer

Rs 350

Having income/loss from House property not shown in Form 16

Rs 400

Having Capital Gains/Other Income Rs 500

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