TaxFriday Corporate profile & Service overview

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Income Tax Return Filing

File it yourself FreeFiling by expert ₹200

Tax saving Investment Advice

Free

Tracking

Free

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Income Tax Notice Advice

₹ 300

What do we do?

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Isn't tax filing a complex thing

to do by oneself?

Not really! With TaxFriday, you will feel like a CA is

standing next to you helping you file the return. In fact, it is advisable to file returns by oneself

as it demands personal attention and privacy

Why TaxFriday?

❖ Surprisingly easy

❖ File within 10 minutes

❖ 100% adherence to law

❖ Free

❖ Secured

File it yourself File it yourself 1/5

Automation

taxfriday.com

Form 16

Form 16 extraction

All required details from Form 16 are auto extracted on uploading the PDF

IT department serversWe extract the details like address of the employer, TAN of employer etc from the IT department servers

Google and more…Address, form 26 AS and whatever is possible and required…we have extracted

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The application pulls data automatically from various sources to save time and effort

Off course, all legitimate!

How is it e

asy?File it yourself 2/5

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Automation

❖ 60% of the fields are auto filled*.

❖ Saves 15-20 minutes of time

❖ Net average time to file with TaxFriday about 10 minutes.

What does the user gain from automation?

*In case of an Average tax filer - A salaried employee with only salary income and interestwww.taxfriday.com

How is it e

asy?File it yourself 3/5

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Typically a user enters around 47 fields to file his return, automation will save the user from entering

about 60% of details as indicated below

PDF extractorTAN information from IT servers Auto pull of form 26 ASGoogle API code

Total number of fields autofilled

15644

29Irrelevant pages and questions find no place

Compared to the government website, employee can avoid reading 11 irrelevant tabs/pages and about 45 irrelevant fields/questions.

• Intuitive

• Clear language - system assumes you do not know the IT act

• The layout of the pages are aligned with the source documents

Ex: The salary page design and terminology is in line with Form16.

• Least user keystroke input• Saved from reading through unwanted tabs

and questions

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An example from the deductions page - intelligent search

User enters the investment name he knows. Say, he starts typing insurance, the system matches this word to the

technical name - ULIPS

Also, the section number, in this case, 80c is auto picked

DesignHow is it e

asy?File it yourself 4/5

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100% adherence to law

ITR 1 vs ITR 2Most employees have exempt income per annum above ₹5000 and hence cannot use ITR 1 as per the IT department’s rules. But all the current market players except one, use ITR 1 for the simplicity and lesser fields to be filled in

100% adherence to the IT act, rules, procedures, directions. Pin to pin.

100% adherence to Information technology act, data privacy rules, etc.

File it yourself 5/5

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This rule is expected to be relaxed for FY 2014-15. Nevertheless, it indicated our commitment to adhere to the law.

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Upload the documents, and it

is done!

• Just upload the documents and it is done

• Modest pricing• Expert review• Tax optimisation - a check

to maximise refund or minimise the tax burden

Employee sends the documents

Our team will call/email for further details if needed

Tax optimisation check done and return prepared

A CA will review this for accuracy and improvements

Return filed

Prepared return sent to employee for confirmation before filing return.

Filing by an expert ₹200

More than return filing

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Tracking IT Notice Advice

Tax saving

investment advice

First of its kind& Free

First of its kind Free

Many employees think return filing is completed by uploading the return online. Most do not know

there are so many stages to it. However, keeping a track of the status till the end

of processing is vital.

A screen shot of the tracking application

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• First of its kind. And, the best.• Free.• Free email notification service.• Intelligent suggestions on

course of action depending on the stage.

Tracking First of its

kind!

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❖ Upload the notice and its done

❖ Modestly priced at ₹300 per advice

❖ No more panic

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70% of the IT notices are not scary. Its just about furnishing the requirements asked for. We guide them carefully to come out clean.

IT notice advice!

!

First of its

kind!

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• Extremely simple with only 3 fields to enter

• Comprehensive• Unbiased

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Tax saving investment advice

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Two way calculator

Full list of possible tax saving avenues

User 256 bit SSL encrypted channel Data back up

Storage

TaxFriday application

Directors and key personnel

Regular employees

OS ticketing system

TaxFriday Organisation

Security - architecture

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Security explained

❖ SSL certificationAll communications from user are encrypted in 256 bit

❖ Amazon servers Accredited for safety, performance and stability

❖ Secured open source ticketing system

All communications to our employees are routed through the ticketing system to deny direct access to data

❖ Internal security policy

Ubuntu Operating system, Disabled ports, storage devices, restricted mobile phone usage and more

❖ Admin panel can be accessed only through master credentials by either of the directors

❖ Healthy culture and improved morale

❖ Morphed details of users on request

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Pricing

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We do not charge for services done by user himself

Our premium services are charge modestly& only when it involves a human resource

engagement

Filing by self

Tracking

Investment advice

Free PremiumFiling by expert ₹200

IT notice advice ₹300

Freemium

About TaxFriday

Our idea is to be the virtual - personal

Chartered Accountant for the working class

Who are we?An organisation promoted by 3 Chartered Accountants, supported by 4 technology and strategy mentors, and backed up by a 30 year old CA firm.

Our Mission: To serve the working class in the domains of taxation, finance, and legal.

Innovation

Crowdsourcing

Thorough expertise

We draw many ideas, inputs, and criticism from a thick cross section of friends around.

StrengthsYou can never imagine so much can be done around taxation and finance!

We respect our basics and our R&D spends enough efforts to keep our base concrete.

click here to know more about us16

A complete tax companion to your employees

❖ Income tax return filing

❖ Tracking

❖ Investment advice to save tax

❖ IT notice advice

www.taxfriday.com17

ask@taxfriday.com+91 998 930 0123