ItzCash Card to Facilitate Online Tax Return Payment

• Ties-up with Taxspanner to provide easy and convenient option to pay tax online

Mumbai, 18 Jan: ItzCash card, India's only "Multi Purpose Prepaid Cash Card", has tied-up with Taxspanner to facilitate online filing of tax returns.

There has been a significant change in the way payments are made with the introduction of online payment. People are changing from the traditional methods of making payments i.e. paper based to modern methods of payments like online bill payment. It is observed that, in 2008-09, over 27 lakh income-tax assesses filed their tax returns through internet and the number is expected to reach 45 lakh by 2009-10.

According to Mr. Naveen Surya, Managing Director, ItzCash Card Ltd, "With our tie-up with Taxspanner, we are trying to make online tax returns payment an easy, convenient and hassle-free option There has been a significant increase in the online payment of tax return and our tie-up is keeping in mind this emerging trend. People can now avail the benefits of this service by simply logging on to Taxspanner and filing their returns."

The entire process of paying tax return is quite simple. One just has to log on to www.taxspanner.com and enter personal details like name, date-of-birth, PAN, address, etc. Post the personal information is entered the user is required to attach Form 16 and fill in the necessary details. On entering the correct details, one can select ItzCash cards as a mode of payment from the payment section. After the payment the ITR can be downloaded and deposited at the income tax office or simply be uploaded on the income tax department official site.
 
About ItzCash Card Ltd.:
ItzCash Card Ltd., India's only "Multi Purpose Prepaid Cash Card" part of the Essel Group established in 2004 today has an annual turnover of Rs.2000 crore. ItzCash is another successful venture that innovated the entire paradigm of payment solutions across the web and the mobile bringing payment solutions to the non bankable population. The Card offers a portfolio of customized e-commerce and m-commerce solutions in the B2B and B2C space. The card‘s salient features include its services, technology, safety and security, reliability and ever-increasing business alliances. ItzCash enjoys premium brand status in the highly competitive local markets. The company's product has been internationally recognized and it went on to win the PayBefore awards for the second consecutive year.

ItzCash has more than 5000 merchants and a spread across 1800 locations including cities, towns and rural India. The tie-ups across service sectors facilitate the multi-utility aspect of the card. ItzCash has over 20,000 ItzCash franchisees branded as "ItzCash World" and 180,000 outlets in 1800 Tier I and II towns in the country under the brand name "ItzCash Point".

ItzCash Card's various tie ups including IRCTC for rail booking, Municipal Corporation of Greater Mumbai (MCGM) to facilitate online payment of property Tax, water Bill in Mumbai and launched Octroi Silver Cards for traders and truckers to collect Octroi at the Octroi Nakas. It has also tied up with Municipal Corporation of Delhi (MCD) for paying property tax in Delhi.