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Company Highlights
Clear Tax provides a range of services to clients including tax preparation, e-filing, accounting, and investment planning solutions for individuals and businesses.
How It Works?
The start up helps individual consumers, CAs, and businesses to prepare and file their tax returns by easy and effective means. For individual users, the process at Clear Tax is super simple and easy to understand. The user simply has to upload the Form 16 pdf to begin tax filing. This software reads all of it and fills out the tax return automatically and instantly. Thus, Clear Tax eliminates any human factor intervention in computing and filing of tax returns. The customer gets a fully-prepared tax return in just a matter of seconds.
Growth and Revenue
Clear Tax posted revenue of INR 60 crore in FY20, a 163% surge over the previous year's (FY19) INR 22.8 crore.
As of 2020, Clear Tax has 10% market share in income tax (IT) filing, as claimed by Archit Gupta.
Clear Tax featured in the World's 250 Most Promising Fintech Start-ups by CB Insights. There are 2,174 fintech start-ups in India according to a recent MEDICI Global Report.
Clear Tax – Competitors
Clear tax has competitors in individual services that it caters to-
H&R Block and Webtel are the significant competitors in the tax filing space that ClearTax directly competes with.
When it comes to the GST space, the startup directly or indirectly competes with Cygnet, Tally, and Computex.
It's mutual fund platform competes with entities like Paytm Money, ETMONEY, Groww, Zerodha amongst others.
Conclusion
Clear Tax mission is to simplify finances, save money and time for millions of Indian businesses and people. Clear Tax is a technology company that builds trusted, useful and insightful platforms for our clients to run their finances and improve their relationship with money. The company is on a mission to simplify financial lives for all Indians
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