Cleartax becomes the official tax filing partner for 1100 enterprises across 20 sectors
Corporate HRs can get access to employee benefit programs, including special discounts, awareness sessions with 24×7 helpline, RSUs ESOP tax management and CA-assisted plans to help their employees resolve compliance and tax woes
Clear, India’s #1 SaaS platform for CAs and Tax Experts, has announced strategic partnerships for the upcoming Income Tax Return (ITR) season with players across multiple industries. The collaborations aim to offer their HRs a range of employee benefit programs and resources to assist employees in resolving their compliance and tax-related concerns. These partnerships range from some of the largest employers in travel and hospitality, IT industry, healthcare and pharma, retail and e-commerce as well as consulting firms.
Cleartax announced that around 70L such employees had already benefited from the partnership, a 25% increase from the previous year. As part of these partnerships, Clear provides exclusive discounts and offers on ITR filing services tailored specifically for the companies. This ensures employees receive cost-effective and efficient solutions for their tax filing requirements. To drive awareness and facilitate seamless communication, informative sessions are conducted through help desks, webinars, engaging content, and dedicated live chat support. A team of dedicated Relationship Managers is available round the clock to address any employee queries or concerns, ensuring a smooth and hassle-free tax filing experience.
This year, Clear has also launched its RSUs (Restricted Stock Units) and ESOP (Employee Stock Ownership Plan) tax management feature and also crypto tax filing for cryptocurrencies. This innovative solution enables employees to auto-compute and file taxes on the exercise of these stock options, streamlining the process and ensuring accurate tax calculations. Having recognised the need for personalized assistance, Clear has also introduced a CA (Chartered Accountant) assisted plan that has garnered significant interest from HR departments. This plan provides comprehensive tax filing, savings, and advisory services to senior employees, offering them expert guidance and support throughout the tax filing process.
Archit Gupta, Founder and CEO of Clear, said, “Clear‘s extensive network of partnerships covers a large number of corporate organizations. We are now catering to diverse needs of employees working in multinational and global organizations and provide specialized services for various types of incomes and tax returns including NRI (Non-Resident Indian) filing. We want to empower employees and organizations so they can navigate tax complexities with ease and confidence. These strategic partnerships have established Cleartax as the go-to solution for corporate HRs seeking comprehensive tax related services for their employees.”
Cleartax’s ITR filing product has data pre-fill, autofetch of transactions and auto computation for capital gains including loss set off and carry forward, cryptocurrency related reporting and tax filing. It can take care of every possible filing scenario. Cleartax’s engine automatically suggests to the user which tax regime is beneficial for them. Cleartax simplifies complex tax terms and uncovers tax tips for the users to optimize their taxes. Users can complete their entire income tax filing process on ClearTax including filing, verification, return status check, refund status check etc.
About Cleartax:
Clear (formerly ClearTax), is India’s leading fintech SaaS company with the mission of simplifying finances for Indian businesses and individuals. All of our ITR filing related products are still called Cleartax. We are trusted by over 5 million Indian taxpayers, more than a million tax practitioners, 600,000 small businesses, and 5,000 large businesses and brands. For small and large businesses, our product suite covers invoicing, GST compliance, and a range of managed services and credit. For tax professionals, we offer comprehensive GST compliance, ITR, and TDS filing solutions. For individuals, we offer tax compliance and wealth management. Clear has raised $140 million in equity capital investment since its inception. The company was incubated in Y Combinator and is funded by Silicon Valley investors, including PayPal co-founders Peter Thiel’s Founders Fund, Max Levchin, and Scott Banister. Clear’s investors include Composite Capital, Sequoia Capital, and SAIF Partners.
