H&R Block to expand in IndiaApr 12 2016,
Aims to acquire one million clients by 2020
H&R Block India, a subsidiary of the US-based global leader in tax preparation and the largest individual tax services company, plans to expand its operations in India and serve a million taxpayers by 2020.
The Pune headquartered company has invested nearly Rs. 100 crore in India and plans on hiring 700 tax advisors for the tax season 2016 in order to cater to an ever increasing client flow, Rohan Parikh, Managing Director, H&R Block India.
H&R Block which is currently present in six cities across India and has plans to expand to other markets has introduced the ‘new way of tax filing’ in India with its Expert Tax Preparation service where a tax expert prepares and e-files the taxes for an individual using its state of the art tax preparation engine.
“In India, currently a little over 3% of the population files tax returns. In many developed economies this rate is more than 50%. Given the government’s focus on widening of taxpayer base, it’s likely that the number of taxpayers would increase significantly,” Parikh said.
“We intend to serve one million taxpayers by the year 2020. We are even hiring 700 tax advisors for the tax season 2016 in order to cater to an ever increasing client flow,” he added.
Vaibhav Sankla, Director, H&R Block India, said, “With our state-of-the-art service delivery model we are already serving clients from across more than 100 cities in India and more than a dozen countries of the world through our NRI and US tax filing services.”
With over 3 lakh+ returns filed through H&R Block India, the company says it has become the largest individual tax services provider in the country. It has over 300 corporate alliances which include many of the largest IT services companies, banks and insurance companies.
Source:The Hindu Business Line
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