H&R Block announces expansion plans in India
Pune, 12th April, 2016: H&R Block India Pvt. Ltd. subsidiary of the global leader in tax preparation & the largest individual tax services company has announced a series of initiatives designed to support the growing needs of taxpayers in the country. Headquartered in Pune, the company has already invested close to Rs. 100 crore in India and is bullish about the tax ecosystem in India.
H & R Block 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 our state of the art tax preparation engine.
H & R Block is currently present in 6 cities across India and has plans to expand to other markets as well. The company’s expansion plans in India reflect the wider efforts of the company in encouraging people to pay and file their taxes on time. It has started an initiative Tax Pledge wherein a series of videos and posts have been developed by H&R Block, to create awareness and urge people to pay taxes and contribute to a better society.
Mr. Rohan Parikh, Managing Director, H&R Block India, “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. Our expansion plans reaffirm the commitment to India and we are positive that it will immensely benefit our individual clients, corporate partners and their employees. We are even hiring 700 tax advisors for the tax season 2016 in order to cater to an ever increasing client flow.”
Elucidating further on this announcement, Mr. 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. We plan to increase investment to facilitate the expansion plans in the country and also strengthen the services offered by providing wider reach and enhanced innovative technology based solutions. In the past one year our technology team has shown an exponential growth of 100%.”
With 3 lakh+ returns filed through H&R Block India, the company 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.
