Friday, July 18, 2008

paisawaisa - a personal financial services web site







paisawaisa.com claims to be a one stop shop for meeting all your financial needs. It offers consumers with the option to compare products from different financial companies related to loans, credit cards, banking, insurance, real estate and e-tax filing. assistance is provided through video or chat text which makes interaction easier and fast. In this blog I would specifically like to cover e-Tax filing. The site offers this facility to individuals, corporates and tax consultants with different features and price points. For a consumer the package is priced at Rs199, for employers 50 returns can be filed at Rs2499/ while tax consultants can avail it at Rs2999. As part of ongoing promotion you can file your tax returns free of cost till 31st July 2008. As compared to other sites like TaxShax and Taxsmile, it is lagging behind in features as well as usability. However, the overall look and feel of the web site is quite appealing and has the required stickiness to attract customers. The process offers two options: Complete your forms online, take a print out and file it manually at your Income Tax office. The second one allows you to submit your return online. However, there is no direct integration of this web site with income tax official site. You will be required to fill the form, generate XML through web site. Download the generated XML and visit Income Tax web site where you need to upload the XML and get the receipt(its called FORM V). You will be required to submit the receipt to the income tax office in your jurisdiction. Overall the site is an aid to income tax filing but does not completely eliminate the hassles of dealing with Income Tax manual processes.