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Fortune Informatics to launch eTaxFilePro

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CIOL Bureau
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HYDERABAD: Fortune Informatics Limited, in collaboration with various computer training institutes in the country, would soon start a certified program eTaxFilePro. The Hyderabad-based company is targeting to launch the program in Mumbai, Delhi, Ahmedabad, Jaipur, Pune, Hyderabad, Bangalore, Chennai, Kochi and Kolkata. The course would be based on its e-TDS software eTaxFile that was launched in 2005.

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``Though the tax reforms were meant to dematerialize TDS certificates and maintain electronic records of taxes, not every corporate or individual is able to understand the process of e-TDS. E-filing is thought as just filing tax returns. There’s a lot of education to be done. We want to do this through eTaxFilePro,’’ said CK Shashtri, managing director, Fortune Informatics Limited.

On completion of the program a person would be certified to install, maintain, troubleshoot and update eTaxFile in corporate and non-corporate institutions.

``We want to tie-up with 1000 computer education institutions in the next one year,’’ said Shashtri. At present, the company is training the computer institutions before rolling out the program.

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The company has, so far over 1000 eTaxFile deployments. The companies utilizing the software include Infosys, Bharat Biotech, Dena Bank, ICICI Prudential, Spice Telecom, Airtel, Benchmark Securities, LIC Housing Finance and Manikchand.

eTaxFile has tools for tax planning for salaried employees, fringe benefit tax calculation, and automatic tax rates calculation for non-salaried persons. It also has another tool that can transfer data from payroll and ERP.

Fortune Informatics employs 230 professional out of which about 160 work on product development. It plans to add 100 more employees in the next six months. The company trades in the BSE and went public in 1999 with a Rs 7.2 crore IPO.

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