With just two days left to file the tax returns, the queues outside income tax offices are bound to be long. If you dread the queues and haven’t filled your tax returns, about time you do it now. Don’t worry, the ET Tax Wizard, allows you to file your returns at the click of a mouse. It’s easy to use and takes just a few minutes to fill the forms. The online tax filing service guides you through a step by step process and just about any one can use it, NO PRIOR knowledge of Finance or Tax is needed. As Saurin K Yagnik a first time user wrote back to us “I have been an avid user of ET Portfolio Wizard & today I filed the ITR for assessment year 2009-10 independently for the first time. You made my job simple and fulfilling. I highly recommend your site to friends and family.

Thousands of tax payers have already used the tool and generated their ITR. ET Tax Wizard allows you to generate your Income Tax Returns in two formats. The first is a printable PDF format of Income Tax Returns and this is absolutely free. However, this requires you to visit the Income Tax Office to submit the printed IT Return in physical format. The other option generates an XML (a format for submitting data and information) form of ITR for e-filing by paying a nominal fee. With this option you do not have to anywhere. All you have to do is submit the XML to the Income Tax website and send the Printed version of the IT Form to the income tax authorities anytime over the next 120 days.

And its not just ordinary people who are finding the service useful. According to V K Awasthi, an accounting professional “I am a chartered accountant and using this utility since last 3 years for making my ITR. Words less than 'Excellent' , 'Easy but effective', 'Error free' etc. can not be used to appraise your Tax Wizard utility. Its really helpful to use this utility and generate ITR.”

This is not all, ET Tax Wizard is a part of ET Portfolio Wizard, an all in one personal wealth management tool that allows you to keep a track of all your investments in shares, mutual funds, fixed deposits and others. If you maintain your investment particulars in ET Portfolio Wizard, then the Tax Wizard automatically imports the calculation of capital gains on shares and mutual funds from your portfolio transactions.

ET Portfolio Wizard also has many advanced features such as scheduled updates of SIPs/SWPs, automatic adjustments of dividends, bonus, stock splits, interests, redemption etc, and even a double entry book-keeping to cater to the needs of advanced users. The whole family’s portfolio can be integrated on a window or can be handled individually by them.

You needn’t worry about online data theft because ET Tax Wizard comes with 128-bit encryption security arrangement making sure that your data is completely safe. Don’t wait any longer, simply log on to www.tax.economictimes.com and get started with your tax filing process.