Did you know that efiling income tax return saved around 100 million sheets of paper in 2010? On an average, preparation of every individual tax return on paper requires around 10 sheets for printouts and photocopies. E-filing income tax return, therefore, saves lakhs of rims of paper. What’s more? E-filing does not need any physical helpdesk, completely eliminating the trouble of standing in queues. Thereby, the process also saves a lot of productive hours.

Efiling Income Tax Return: No Queues Anymore

Manual preparation and filing of tax returns requires you to spend hours, standing in a line at office to meet an agent. Moreover, you just cannot escape the queues at the ITO when you are depositing your returns physically. Therefore, people end up spending many productive hours to get their tax return filed. Companies that extended e-filing facility to their employees were able to save thousands of productive man hours. What’s more? All electronically filed returns are processed on priority basis at the I-T Department's Centralized Processing Centre at Bangalore so that refunds can be issued faster. So, you save more time as there’s no need to keep following up for the status of refund.

Efiling Income Tax Return: The Eco-Friendly Way

E-filing income tax return is a much more streamlined process to file your returns than the traditional process. One hassle that it has totally done away with is paperwork. With documentation requirements minimized and made more systematic, you just don’t need to print or photocopy any document. Form 16 in your inbox can be accepted as a soft copy by an e-return intermediary and processed automatically. With digital signature facility, the need for paper has been eliminated. 

This gives you another reason to choose e-filing income tax return. Go green and file your returns online - the environment-friendly way.

You can also opt for efiling income tax return and get your returns sorted within a few minutes. All you need to do is simply email your Form 16 to efileITR@taxspanner.com or visit the website of an authorized e-return intermediary such as www.taxspanner.com. So, why wait for July 31? File your returns now and enjoy your weekend!

About the author

Ankur Sharma worked at Intel Corporation for six years in several positions before joining taxspanner. His last two roles at Intel were Senior Finance Analyst and Business Development Manager. In his finance role, Ankur drove key initiatives influencing financial decision making at business groups having annual revenue in excess of billion dollars. He brings a unique experience of finance and business development. In addition to MBA degree from UCLA, he has earned Masters in Computer Applications from University of Delhi.