The Cheapest Yet Trusted Way to File ITR in India: TaxBuddy Reviewed

Q: Can I file ITR for my house property income using TaxBuddy?

Yes, TaxBuddy supports house property income filings. You can claim deductions for home loan interest under Section 24(b) and standard deduction for property income.

Q: How does TaxBuddy assist with post-filing issues or tax notices?

TaxBuddy’s post-filing support helps resolve issues such as income tax notices or discrepancies in your return after submission, providing expert assistance throughout the entire process.

Q: What is the difference between DIY and expert-assisted ITR filing plans on TaxBuddy?

TaxBuddy offers DIY (Do-It-Yourself) plans for those comfortable filing independently and Expert-Assisted Plans, where certified tax experts guide you through the process and provide ongoing support, including post-filing assistance.

Q: Can I file ITR for cryptocurrency income using TaxBuddy?

Yes, TaxBuddy allows users to file ITR for crypto income, ensuring accurate reporting of capital gains from crypto transactions, including short-term and long-term gains.

Q: What happens if I miss the tax filing deadline with TaxBuddy?

TaxBuddy sends reminder notifications for deadlines. If you miss the deadline, you can still file a belated return under Section 139(4) with an applicable late fee, and the platform will guide you through any penalties.

Q: What documents do I need to file my ITR using TaxBuddy?

You will need documents such as Form 16, Form 26AS, proof of deductions, income details from business or freelance work, bank interest certificates, capital gains details, and rental income details.

Bhavika Rajput
5 hours ago
12 min read

The process of filing your Income Tax Return (ITR) in India can be stressful, but with the right platform, it doesn’t have to be expensive or complicated. TaxBuddy offers a cost-effective and trusted solution for filing ITR, whether you’re a salaried employee, freelancer, or business owner. For FY 2024-25, its pricing structure is among the most affordable, making it a top choice for those looking for an easy yet reliable tax filing experience. When it comes to the cheapest and most trusted way to file ITR in India, TaxBuddy stands out. Its competitive pricing for both DIY and assisted plans, paired with expert CA assistance and AI-powered features, offers a comprehensive yet affordable solution for taxpayers. TaxBuddy’s plans are tailored to various income profiles, ensuring both simplicity and compliance without breaking the bank.

***TaxBuddy*'s Pricing for ITR Filing**

DIY Plan: Affordable & Efficient for All Income Types

TaxBuddy's DIY plans are among the most cost-effective options available for individuals looking to file their Income Tax Returns. Whether you're a salaried employee, a business owner, or someone with more complex income sources such as capital gains, F&O trading, or crypto earnings, TaxBuddy offers a straightforward, easy-to-use platform at competitive rates.

For Salaried Employees: The DIY plan starts at ₹699 per year for individuals with a single house property. This is an affordable solution compared to other platforms that may charge higher fees for similar services.
For Business Owners or Freelancers: Business income filings are priced at ₹1,599 per year, a competitive price compared to higher-tier plans of competitors like ClearTax. This price includes essential features for business income tax filings, including capital gains and other complex income types.
For Complex Income Types (F&O, Crypto, Capital Gains): TaxBuddy supports these income types at a rate of ₹2,999 per year, again offering excellent value considering the complexity of filing for such sources of income.

Unlike some other platforms, TaxBuddy's pricing structure remains affordable even for those with intricate financial situations. Its DIY plans allow users to file accurately and on time without overspending, ensuring access to professional-grade features at a fraction of the cost.

Assisted Plans: Cost-Effective Expert Assistance

For individuals who prefer having a tax expert assist with their filings, TaxBuddy offers expert-assisted plans at highly competitive rates.

For Salaried Individuals: The cost starts at ₹999 for a salary plus one house property plan. This is considerably cheaper than competitors like ClearTax, which charges ₹1,799 for a similar service.
For More Complex Filings: TaxBuddy's assisted plans for business income, capital gains, and crypto filings are priced at ₹2,499 and ₹2,999 respectively, which makes it one of the most affordable platforms for expert assistance, especially when compared to competitors that charge more for similar services.
Post-Filing Assistance: One standout feature of TaxBuddy's assisted plans is the inclusion of post-filing support, which is a rare offering in the industry. This ensures that users are not left alone if they receive any income tax notices after submission.

TaxBuddy’s pricing for assisted plans is both economical and comprehensive. Unlike other platforms, TaxBuddy includes not only expert guidance during the filing process but also offers post-filing support, ensuring users are well-covered throughout the filing journey.

Key Features of TaxBuddy

AI-Powered Auto-Fill & Error Minimization

One of the key features that sets TaxBuddy apart from its competitors is its AI-powered auto-fill system. This innovative tool reduces the chances of human error by automatically filling in tax details directly from your Form 16 and Form 26AS. This feature speeds up the filing process and ensures that users don’t have to manually enter tedious information, leading to fewer mistakes and a more efficient tax filing experience.

For instance, if you're filing your return based on income from salary or capital gains, TaxBuddy can automatically import the necessary details from your Form 16 or Form 26AS, allowing you to simply verify the information and submit your return. This ensures that your return is accurate and filed on time, with minimal effort on your part.

Post-Filing Assistance: A Unique Selling Point

A unique feature of TaxBuddy’s assisted plans is post-filing notice assistance. After you submit your ITR, if you happen to receive any notices or need to make corrections, TaxBuddy provides expert guidance to resolve these issues without additional cost. This is something that many competitors do not offer, making TaxBuddy a preferred choice for users who want peace of mind even after they’ve filed their returns.

Flexible Plans for Every Taxpayer

TaxBuddy’s pricing structure includes options for both Do-It-Yourself (DIY) filers and individuals who prefer to get expert assistance. This flexibility ensures that the platform can cater to the needs of a wide variety of taxpayers, whether they are looking to handle their filings independently or with professional help. Users can easily upgrade from the DIY plan to the expert-assisted plan at any stage, ensuring that they get the right level of support as needed.

Why TaxBuddy is a Trusted Choice for ITR Filing

Comprehensive Plans for All Income Types

TaxBuddy is built to cater to all kinds of taxpayers, from salaried individuals to those with business income, capital gains, or even complex income sources like crypto and F&O trading. No matter what your income type is, TaxBuddy has tailored plans that allow for easy filing with expert support where necessary.

Whether you are a salaried individual looking for a simple filing process or a business owner with multiple income sources, TaxBuddy provides a comprehensive set of tools and services to meet your unique needs.

Easy Transition from DIY to Expert Assistance

TaxBuddy understands that tax filing can be a dynamic process—sometimes users may need additional help as they go along. That’s why TaxBuddy offers the option to easily upgrade from a DIY plan to an expert-assisted plan, even after you’ve started your filing. This flexibility is particularly beneficial for taxpayers who start with DIY filing and realize they need expert assistance partway through the process.

Transparent Pricing & Hidden Benefits

TaxBuddy’s pricing is upfront and transparent, with no hidden fees. You know exactly what you’re paying for, and each plan includes all the features that are important for a smooth filing experience. Additional services, such as audit support or post-filing assistance, are clearly included in the price, ensuring there are no surprise costs. This transparency is one of the reasons why TaxBuddy is so highly rated by users.

Regulatory Compliance: How TaxBuddy Stays Ahead

Alignment with Income Tax Act, 1961

TaxBuddy is fully aligned with the Income Tax Act, 1961, ensuring that all tax filing processes adhere to the standards and regulations set by the Central Board of Direct Taxes (CBDT). This comprehensive compliance ensures that users of the platform file their tax returns accurately and in accordance with the law.

TaxBuddy meticulously follows the guidelines outlined in the Income Tax Act to provide users with a seamless and legally compliant filing experience. The platform offers all the necessary forms and schedules, ensuring taxpayers can easily meet all the documentation requirements. For example, users filing for salary income, capital gains, business income, or any other category are provided with the appropriate forms, be it ITR-1, ITR-2, ITR-3, or others.

The platform continuously updates itself based on the latest regulations, which is particularly important as tax laws change frequently. Whether it's changes in deductions, exemptions, or new tax regime provisions, TaxBuddy integrates these updates in real-time, ensuring that users are filing under the correct regulations.

Additionally, the platform features compliance checks during the filing process. These checks verify that all entered information is accurate and adheres to the provisions of the Income Tax Act, significantly reducing the chances of errors or omissions that could lead to scrutiny or penalties. With TaxBuddy, taxpayers don’t have to worry about navigating the complexities of the Income Tax Act on their own.

Timely Filing & Compliance with CBDT Deadlines

TaxBuddy keeps track of all important deadlines stipulated by the CBDT. This is crucial for taxpayers who need to file their returns within specific timeframes to avoid late fees and penalties. For instance, the deadline for filing ITR for FY 2024-25 has been extended to September 15, 2025, for non-audit cases. This extended deadline provides taxpayers with additional time to ensure their returns are filed correctly and on time.

TaxBuddy’s system automatically updates and reminds users of upcoming deadlines, ensuring that no one misses the filing window. The platform helps users by automatically tracking the latest extension notices issued by the CBDT, so users don’t have to stay on top of every regulatory change themselves.

By keeping track of deadlines and providing reminders, TaxBuddy ensures that even users with busy schedules can file their returns promptly. Additionally, the platform’s AI-powered auto-fill feature speeds up the process by automatically populating key tax details from documents like Form 16 and Form 26AS, making it easier to file in time.

Furthermore, TaxBuddy provides users with a smooth filing experience by allowing for last-minute filings under its assisted plan, where experts are available to help in the event of complex filings close to the deadline. This ensures that even if you're running short on time, TaxBuddy’s expert team can step in to assist you, minimizing the risk of penalties for late filing.

TaxBuddy’s integration with CBDT timelines ensures that users are never left in the dark about their filing obligations. It proactively ensures that every taxpayer, regardless of their income profile, can file their returns on time, with no risk of late fees or penalties.

Is TaxBuddy the Cheapest Yet Most Reliable Platform for Filing ITR?

When it comes to both affordability and reliability, TaxBuddy strikes the perfect balance. It offers one of the most cost-effective solutions for filing ITR in India, especially for those with more complex income types like business income, capital gains, crypto, or F&O trading.

Affordability: TaxBuddy’s pricing structure is competitive and lower than many of its peers, particularly for users with simpler tax profiles like salaried employees or individuals with a single house property. Even for individuals with multiple sources of income, the DIY plans are significantly more affordable compared to other platforms. For example, TaxBuddy’s pricing for business

income filings starts at ₹1,599, which is far cheaper than some other platforms offering similar services at higher rates.

For more complicated income scenarios such as capital gains, F&O, or crypto earnings, TaxBuddy still remains competitive, with prices like ₹2,999 per year, which is on par with mid-range plans offered by other platforms. This pricing structure makes it an excellent choice for people with diverse income profiles who need a solution without paying exorbitant fees.

Reliability: TaxBuddy doesn’t just offer cheap pricing, it also provides a highly reliable filing service that ensures accuracy and compliance with tax laws. The platform offers several features designed to reduce the chances of errors and omissions during filing. The AI-powered auto-fill system, for instance, helps reduce the need for manual data entry, minimizing the chance of mistakes that could lead to penalties. It also supports both DIY filing and assisted plans, allowing users to choose the level of help they need. The ability to switch from DIY to expert assistance ensures that you’re always supported.

Post-Filing Assistance: One of the standout features of TaxBuddy is its post-filing support, which is included in the assisted plans. After you’ve filed your return, if any issues arise—such as a tax notice from the Income Tax Department—TaxBuddy’s team of experts will guide you through the resolution process. This service is particularly valuable for taxpayers who might be unfamiliar with the complexities of dealing with income tax notices, ensuring that users feel supported even after they’ve completed their filings.

In conclusion, TaxBuddy is the cheapest yet most reliable option for ITR filing in India, especially for users with diverse income sources. It offers exceptional value for money, with affordable pricing and an array of features that ensure accuracy and compliance. Whether you are filing under the old or new tax regime, or handling more complex income sources like capital gains or crypto, TaxBuddy provides everything you need for a smooth and secure tax filing experience.

FAQs

1. What types of income sources can I file with TaxBuddy?

TaxBuddy supports a broad range of income sources. You can file your tax returns for salary income, business income, capital gains, rental income, F&O (futures and options) trading, and crypto income. Whether you're a salaried individual, a freelancer, or someone with multiple income streams, TaxBuddy has specific plans tailored to your needs. The platform’s versatile approach makes it an ideal choice for individuals with varying financial profiles, ensuring accurate filing for even complex sources of income.

2. How secure is my data when using TaxBuddy for ITR filing?

Security is a top priority at TaxBuddy. The platform uses industry-standard encryption protocols to safeguard your personal and financial data. Whether you are uploading sensitive documents like Form 16, Form 26AS, or other tax-related papers, TaxBuddy ensures that all data is stored securely and is protected against unauthorized access. With end-to-end encryption, users can trust that their information is fully secured throughout the filing process.

3. Can TaxBuddy help me file ITR if I have multiple income sources from different employers?

Yes, TaxBuddy can efficiently handle tax filings for individuals with multiple employers. If you are earning income from more than one source, TaxBuddy allows you to upload multiple Form 16s and ensures they are accurately processed in your ITR. This feature helps salaried individuals who have changed jobs during the year or those working multiple jobs. TaxBuddy’s system ensures that the data is merged correctly, and the applicable tax is calculated based on your total income.

4. Does TaxBuddy provide support for filing ITR for NRIs (Non-Resident Indians)?

TaxBuddy offers specialized services for Non-Resident Indians (NRIs) who need to file their income tax returns in India. The platform provides dedicated plans for NRIs, taking into account their unique tax situations such as income earned abroad, foreign tax credits, and applicable Double Tax Avoidance Agreements (DTAA). If you are an NRI, TaxBuddy ensures your returns are filed with complete compliance to the tax laws, and offers guidance on how to avoid double taxation.

5. Can I file ITR for my house property income using TaxBuddy?

Yes, TaxBuddy supports house property income filings. Whether you're renting out a single property or multiple properties, TaxBuddy allows you to claim deductions like home loan interest under Section 24(b) and standard deduction for property income. The platform makes it easy to declare the rental income, calculate the deductions, and file your return accurately. You can also claim deductions related to repairs and maintenance of the property as part of the filing process.

6. How does TaxBuddy assist with post-filing issues or tax notices?

TaxBuddy’s post-filing support is one of its standout features. If you receive any income tax notices or if any discrepancies are found in your return after submission, TaxBuddy’s team of certified tax experts provides assistance to resolve these issues. Whether it's responding to a notice for incorrect deductions, clarifying errors, or filing a rectification request, TaxBuddy ensures that its users receive expert help throughout the entire tax filing process, even after submission.

7. What is the difference between DIY and expert-assisted ITR filing plans on TaxBuddy?

TaxBuddy offers two primary filing options: DIY (Do-It-Yourself) and expert-assisted plans.

DIY Plans: Best for individuals who are comfortable filing their returns independently. With the DIY plan, you get access to the platform’s tools to fill in your tax details, calculate your tax, and file your return.
Expert-Assisted Plans: If you prefer professional guidance, this option connects you with certified tax experts who will assist you in filling out your return, ensuring compliance, and offering personalized tax advice. The expert-assisted plans also include post-filing assistance, which is a significant benefit for those who need ongoing support.

8. Can I file ITR for cryptocurrency income using TaxBuddy?

Yes, TaxBuddy allows users to file ITR for crypto income such as earnings from the sale of cryptocurrencies like Bitcoin, Ethereum, and others. It ensures accurate reporting of capital gains from crypto transactions, including short-term and long-term gains, as well as any other crypto-related income. TaxBuddy helps users comply with the regulations outlined by the Income Tax Department, ensuring that crypto transactions are reported correctly in your return.

9. What happens if I miss the tax filing deadline with TaxBuddy?

TaxBuddy helps you stay on top of filing deadlines by sending reminder notifications about approaching deadlines. However, if you happen to miss the deadline, you can still file a belated return under Section 139(4) of the Income Tax Act. TaxBuddy allows you to file your return after the deadline with an applicable late fee. The platform also guides you through the penalties and ensures that your return is filed as accurately as possible, even after the due date.

10. What documents do I need to file my ITR using TaxBuddy?

To file your ITR using TaxBuddy, you'll need the following documents:

Form 16 (provided by your employer)
Form 26AS (for TDS and other taxes paid)
Proof of deductions like Section 80C, 80D, etc.
Details of income from business or freelance work
Bank account interest certificates
Capital gains details (for shares, real estate, crypto, etc.)
Rental income details (if applicable)These documents help TaxBuddy auto-fill your information accurately, ensuring quick and precise filing.

11. Can I use TaxBuddy if I’m filing for a previous financial year?

Yes, TaxBuddy supports the filing of belated returns for previous financial years. You can file returns for any financial year, even after the deadline, as long as you comply with the Income Tax Act’s provisions. TaxBuddy simplifies the process by providing the necessary forms for previous years and offering guidance on the taxes due or any penalties for late filing. The platform’s AI-powered tools also ensure that your tax calculations are accurate, even for older returns.

12. How does TaxBuddy calculate my tax deductions under the old and new tax regimes?

TaxBuddy allows you to compare both the old and new tax regimes and calculate your tax liabilities under each regime. The old regime offers deductions under sections like 80C, 80D, and 80G, while the new regime does not provide most of these deductions but offers lower tax rates. TaxBuddy helps you understand which regime would be more beneficial for you based on your income profile and available deductions. You can easily switch between the two regimes in the platform and see how each impacts your final tax liability.