ClearTax offers an AI‑driven platform that automates income‑tax return filing, GST compliance, and e‑invoicing for individuals and businesses across more than 50 jurisdictions. The system extracts data from documents, applies real‑time tax rules, and provides cloud‑based dashboards to track filings, refunds, and tax liabilities, reducing manual effort and errors.
Funding
$75M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
KFounders
Product
Problem
Tax filing and GST compliance in India and globally involve complex forms, frequent regulatory updates, and manual data entry, leading to errors, missed refunds, and time-consuming processes for individuals and businesses.
Solution
ClearTax provides an AI‑driven platform that automates income‑tax return preparation, GST filing, and e‑invoicing across more than 50 countries. For individuals, the system extracts data from Form 16 and other documents, calculates optimal deductions, and files returns with up to 100 % accuracy, often delivering refunds within minutes. For businesses, the Clear Finance Cloud centralizes invoice capture, GST return generation, and e‑waybill creation, applying AI to reconcile input tax credits and reduce GST liabilities by 2‑7 % of net GST. The platform continuously updates tax rules and integrates with popular accounting software, ensuring compliance without manual rule tracking. All transactions are processed in the cloud, offering real‑time dashboards, analytics, and secure data storage.
Target Audience
Primary users are individual taxpayers and salaried professionals, as well as small‑to‑medium enterprises, large corporations, and tax consultants who need automated income‑tax filing, GST compliance, and cross‑border e‑invoicing solutions.
Features
- AI-powered data extraction from Form 16, invoices, and receipts to auto‑populate tax returns and GST returns
- Real‑time tax rule engine that updates forms, rates, and compliance requirements across 50+ jurisdictions
- Integrated e‑invoicing and e‑waybill generation with automatic GST calculation and input‑tax credit reconciliation
- Clear Finance Cloud dashboard for teams to monitor filing status, refunds, and tax liabilities with role‑based access controls
- Mobile app for individuals to file returns in under 3 minutes, track refunds, and receive tax‑saving recommendations
- Secure cloud storage with end‑to‑end encryption and audit logs for regulatory compliance