Fintech firm Clear starts charging for ITR filing after 10 years of free service
1 min read . Updated: 16 Jul 2022, 02:01 PM IST
Premium- Taxpayers will have to choose from three plans depending on the ITR form and pay ₹199- ₹1,599 as filing fee
Fintech company Clear (erstwhile Cleartax) has started charging for its income tax return (ITR) self-filing feature beginning current assessment year. The company, which started in 2011 with self-ITR filing as the first product offering, had been providing the facility free of cost.
“This incredible product has been available free of cost to all our users for 10+ years. In order to continue supporting our users with this amazing product, starting May 2022, we are charging our users a nominal fee that would help us sustainably process data of millions of Indians all while ensuring 0% downtime," read a note on Clear’s website.
Taxpayers will have to choose from three plans depending on the ITR form applicable to them.
Those with income below ₹5 lakh and eligible for ITR-1 will pay ₹199 fee. The facility offers pre-filled data from Form 16 and the Income Tax Department website.
Individual taxpayers who have income below ₹50 lakh from salary, one house property or other sources can fill ITR-1. Hindu Undivided Family (HUF) cannot fill ITR-1.
Those who are eligible for ITR-1 but have income of ₹5 lakh and above will have to pay ₹399 to file ITR through Clear. Those eligible for ITR-4 also have to opt for this plan.
Individuals or HUF with income below ₹50 lakh from salary, one house property, other sources or business but have opted for presumptive income scheme have to fill ITR-4. A business firm, which is not a Limited Liability Partner (LLP), with turnover of over ₹2 crore cannot fill ITR-4.
Those eligible for ITR-2 and ITR-3 have to pay a fee of ₹799.
ITR-2 applies to taxpayers with income over ₹50 lakh from salary, one or more house properties, other sources, foreign assets, interest from contribution over ₹2.5 lakh made to provident fund and capital gains. Taxpayers who hold unlisted shares or/and are a director in a company also have to opt for ITR-2.
The relatively complicated ITR-3 is for taxpayers who have income from profession or business, including F&O trading income, along with any source mentioned under ITR-2.
Companies opting for ITR-5 or ITR-6 have to pay the highest fee of ₹1,599.
The last day to file ITR for individual taxpayers not required to get tax audit is 31 July.
