New Delhi, May 12 (KNN) With a view to provide tax saving offers to the tax payers, Hyderabad-based EZTax.in, a tax filing portal has launched tax optimizer software.

The portal which is dedicated for self service tax e-filing will now offers saving on taxes through tax optimizer software.

EZTax.in CEO Suneel Dasari said, “We are providing Tax Optimization Report bundled through every income tax filing, to add the value to tax payers.”

Further, he added that addition of value to tax payers may varies based on individual tax payers’ income but it is estimated that an average salaried employee could save around Rs 28,000 with proper tax planning.

EZTax.in further suggests filing under Presumptive Income Tax filing for small and medium enterprises (SME), whose books are not maintained regularly.

Also, it expects Income Tax Department support for encouraging this in coming years.

For assessment year 2018-19, ITR-4 requires the businesses to quote GSTIN Number, along with few entries from balance sheet.

New fields required such as sundry debtors, sundry creditors, inventories, cash-in-hand, along with other optional fields such as loans and advances to control the bleeding tax revenue for both centre and State due to non-filing or timely filing of GST returns.

In addition, to enable a true “Plan while e-filing” concept, the company has signed an agreement with Reliance Mutual Funds for a seamless integration to purchase the Mutual Funds under ELSS Scheme to complete the KYC and fund selection in minutes.