The Tax Planner is a unique tax planning product meant for both repeat taxpayers and first time tax payers. It’s a platform for both resident and non-resident Indians to plan their tax remittance for every financial year, free of cost. Its intuitive design and sophisticated personal interaction enables the tax planner to create a personalized tax planning experience for each and every user.

The platform is designed to capture all sources of income and expenses, consolidating them to calculate, plan and manage your personal income tax. Tax Planner is an intuitive and interactive tool, which enables you to input your income and expense related data with great ease to plan investments from tax-saving point of view. Based on proven tax planning principles, Tax Planner is the beginning of a holistic approach towards tax planning for you.

USP

Complied with the IT act, 1961

All tax planning and tax management methodologies adopted to help with your tax planning are complied with the Income Tax act of 1961. Tax Planner is authorized by Income Tax department of Government of India to evaluate tax remittance options for you.

Free of Charge

There are other players in the market offering similar services but Tax Planner is completely free of cost. So you can upload your information and explore various tax-planning options any number of times, without spending a single rupee.

Tax Planning Simulator

Our tax planner is intelligent; it covers a comprehensive scope of personal taxation. The data you input enhances the accuracy of results. The simulator allows you to arrive at a near accurate tax to be paid or refund to be received where appropriate.

India’s first Interactive tax planning tool

The tax planner is interactive and helps you detail out your gaps in planning and provides suggestions to help you save tax. Our planning tool thus helps improve your tax planning in accordance to the income you earn or as per your spends.

Sophisticated reports

Insightful reports that capture your input data and incorporate expert advice to help you visualize your tax planning needs and tax management tools.

Comprehensive tax planning statement

A single consolidated statement that captures your salary sources and expenses along with tax allowances which are permissible and which are planned.

Advantages and Benefits
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Expert Advice

Tax Planner offers customized expert advice at various stages of tax management and planning. This advice is devised as per your residential status, occupation, income, expenses and level of disability (if any).

Physical disability tax considerations

Physical disabilities like blindness, low vision, leprosy cured, hearing impairment, loco-motor disability, mental retardation and mental illness are also captured for calculation of tax remittance.

Adaptive for Salaried and Self Employed

Tax Planner intuitively adjusts tax liability and investment needs for salaried and self-employed users.

ITR – 1 & 2 fully covered

Covers Capital gain and Capital Loss, Foreign Income and tax paid outside India covered, Royalty income, Agricultural income, Income from clubbing provision etc are taken care.

Edit any number of times

You can view your tax liability as per the expenses and investments indicated, at any point during the financial year. As per the suggested tax saving recommendations, if you do invest in tax saving instruments, you can change your tax planning accordingly any number of times.

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Capturing all eligible exemptions and deductions

Whether you fill details regarding an exemption or not, Tax Planner automatically updates all exemptions and deductions in your consolidated tax summary. So you don’t have to miss out on eligible exemptions anymore.

Capturing alternate sources of income

Tax Planner captures income from foreign assets, capital gains, book royalty, patent royalty and special rate income.

Our technological competence

Tax Planner has been developed by our competent in-house team under Microsoft technology stack and empowered by BizSpark start-up program. Quality of delivery is paramount for us.

Comprehensive review

An exhaustive review of input data about income and expenses, leading to impending tax liability and proposed alternatives of investments to achieve tax savings.

Planning tool to reduce the tax liability

India’s first interactive tax planning tool with rich features will help to make informed decision on reducing tax liability and promoting alternative investment ideas. You will be able to see how much tax has been saved by using VitteTax and your hard earned money. The detailed Analysis, reports and information helps for better utilization of the funds.

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Surplus reinvestment suggestions

The tax liability on surplus income which can be converted into tax savings by investing appropriately, under tax norms of IT Act of 1961 are expertly recommended along with tax planning statement.

Info-graphic charts providing macro indicators

Macro indicators that help you make your tax management decisions better are provided along with expert advice.

World class data security

Microsoft cloud – Azure, Godaddy security envelope and Citrus secured payment gateway ensures that at all times your data is under great care, suitably backed-up and protected.

Gap analysis

Tax Planner also provides an all comprehensive gap analysis, which indicates where you could have made contributions to save tax and have failed to do so. Considering these suggestions, you can manage your tax planning better on a real time basis.

Intuitive and intelligent recommendations

The tax planner module uses intelligent engine to automatically perform the gap analysis in your current state of planning and comes out with intelligent and precise action recommendation. Upon your instruction, our servers can automatically email tax planning statements to your inbox.

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Are there any other benefits to managing my taxes?

When your tax history is clean and all your financial documents are in order, you are in a better position to expedite credit facilities from banks or other financial institutions. It also gives you a clear chit in case you are summoned by the authorities.

I’m paying taxes. Do I need to file my returns as well?

Filing one’s tax returns is required by the law in India, and paying your taxes is not enough. It also helps you claim back any deductions you are eligible for.

What is TDS?

TDS is Tax Deducted at Source, and is usually deducted from the taxable portion of your salary before it reaches you, every month. This is usually mentioned by the company on tax documents.

What is ITR1?

ITR1 is the Income Tax Return Form that every tax paying Indian citizen is obliged to submit to the Income Tax Department before the specified date.

What is Form 16?

Your Form 16 is a document issued by your employer that contains information about the tax deducted at source from the taxable portion of your income.

Am I eligible to pay tax?

If you’re an individual who earns via salary, house rent, business, profession, hobby and your income is over the taxable limit, you are eligible to pay tax. You needn’t worry about it as VitteTax will do this for you.

Why does my money have to be ‘white’?

‘White’ money is considered to be money that has been earned legally, and for which you can account lawfully. You can ensure that your money is white by declaring all your assets, paying taxes and filing returns on time.

Should I file my returns even if there isn’t anything due to me?

You should, as it is required by law.

I have inherited some money. Is that taxable?

No, inheritance is generally not considered taxable.

When is the Financial Year in India?

The Financial Year or FY, also called Previous Year or PY is the period from April 1st of this year to March 31st of the next.

What is VitteTax?

VitteTax is a proprietary e-filing platform in India to help ease the process of paying taxes and filing returns.

Is this an app?

VitteTax is a Software as a Service (SAAS) model, cloud based tool which means it can be managed from anywhere – your workplace, your home or on the go.

Who can use VitteTax?

VitteTax can be used by any responsible tax payer, whether they are salaried individuals, pensioners, or self-employed people who want to save tax and manage their finances sensibly.

Where can I download VitteTax from?

The beauty of using VitteTax is that you don’t need to download or install anything at all. Being of a SAAS model, VitteTax is accessible from any desktop or mobile device.

How can I access VitteTax?

You can login to VitteTax here: http://vittetax.com/. For easier access, you can create a launch icon on your device.

Why should I choose VitteTax over a professional tax planner?

A professional tax planner will also offer services similar to ours, but at a very high price. VitteTax charges a very nominal fee of Rs. 180, and we are accessible round the clock, 24×7.

I have multiple sources of income; can I include all of them in VitteTax?

Yes, you can. VitteTax has provisions for entering multiple sources of income and specifying their type, so your tax benefits can be calculated accordingly.

Do I have to enter my expenses as well?

VitteTax has provisions to enter your expenses, as well as take snapshots of your bills and receipts. This will help to determine your eligibility for any kind of tax deduction.

What about losses I have entailed on my investments?

VitteTax takes care of that too. For proper and thorough tax management, you need to enter your capital gains as well as capital losses, and VitteTax offers a provision for the same.

I don’t live in India, can I use VitteTax?

Yes, you can. VitteTax is available for any responsible Indian tax payer, whether he’s a resident or non-resident Indian.

What if I still have a query that isn’t covered here?

We have tried to make this FAQ section as comprehensive as possible, but if you still have an unanswered tax-related query, please mail us and we’ll get back to you as soon as we can.

Support

Your decision to choose Vittetax Planner promises to provide the most efficient tax planning suite when compared to any human advice. All the methodologies used in this most interactive tax planner are compliant with Income Tax Act 1961. The consolidated reports can be previewed giving users a holistic view for prudent decision making along with the expert advice at the user’s disposal and convenience.

However, should you have any kind of query or need help in understanding the use of Vittetax Planner, please contact us either using the adjacent form or directly from Vittetax Planner application

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