i-16A is a robust Form 16A (Tax Deduction Certificate) data capture and processing solution to help organizations easily handle high volumes of Form 16A processing. Through a custom set of predefined validations and business rules, i-16A automatically captures data from Tax Deduction Certificates and generates the digitized contents in Microsoft Excel worksheets, in specific formats as required by regulatory agencies and the Income Tax Department.
With accurate and intelligent capture and compilation of tax deductions, i-16A is a perfect ally to the accounting team to efficiently handle the complex process of Form 16A processing. Leading Indian organizations have been using i-16A to gain huge efficiencies in their tax processing and reduce processing costs by as much as 75%.
- 80% reduction in turn around time of Form 16A processing
- 75% reduction in operating costs
- Extremely high accuracy of captured data, up to 99.995%
- Reduction of overhead costs by 50%
- Flexibility to adapt to changing tax laws through seamless changes to validations and business rules
- Intelligent technology that is independent of template and format
- Secure and easy to use solution