Just upload your form 16, claim your deductions and ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossĮfiling Income Tax Returns(ITR) is made easy with ClearTax platform. They also provide certain protection against hackers as they have a certain time limit in which they need to be entered after which they become invalid.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants.They are not user generated so you don’t need to worry about the composition of the password being weak or strong. There is no risk of misuse of the OTPs as they cannot be reused through multiple accounts.The benefits of these One Time Passwords or OTPs are as follows: One Time Password or OTP is considered to be more secure than the static passwords which are user created and used across various platforms multiple times. The user has to enter the one time password along with other details for logging into a website or server. Many users get OTP or One Time Password through security tokens which are also called OTP tokens which are PIN protected. As for OTPs, they are generated one time and have a time limit in which they need to be entered which provides a sense of added security and makes it much unlikely for them to be misused. These OTPs are considered to be much safer than the static passwords like the user created passwords as they remain the same across various platforms and can be misused by anyone. One Time Passwords or OTPs are used across platforms for e-banking and to operate systems with sensitive information as a way of strong authentication of the user. This One Time Password or OTP is basically a string of auto generated numeric characters which is used for user authentication for a single transaction. If you are someone who often uses the e-banking services which all of us use at a higher rate these days, you must be well familiar with the OTP or One Time Password concept.
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