Jio Finance launched a revolutionary and very cost-effective service for income tax return (ITR) filing through its JioFinance App, priced at the minimal cost of Rs 24. The new tax filing and planning module is designed to streamline the complicated, frequently anxiety-ridden tax filing process of millions of Indian taxpayers, making it more accessible, easier to use, and cost-effective.
Collaboration with TaxBuddy
Built in collaboration with TaxBuddy, a leading online tax filing and advisory website, the module of JioFinance App has two key features: a Tax Planner and Tax Filing facility. The Tax Planner allows users to calculate their future tax burden and provides suggestions on how to maximise tax savings through customised deduction mapping, housing rent allowance assessments, and old versus new tax regime comparisons. It assists taxpayers in better planning during the entire financial year.
Two segments of service
The Tax Filing facility solves most of the pain points people encounter, including the lack of clarity regarding tax regimes as well as lost deductions under sections 80C and 80D. The service makes it easy to file either for experienced taxpayers or first-time filers. It offers two choices: self-service ITR filing at a very low price of Rs 24, or expert help starting from Rs 999, where expert tax professionals help and ensure precise and optimised returns.
Focus on simplification and affordability
The procedure through the application is simple and convenient. Taxpayers can input their income information, upload required documents, and the application assists them in selecting the appropriate tax regime and filing their returns. Moreover, post-filing, users may track the status of their returns, view refunds, and get notifications for any tax notices, all from the same application space. This holistic approach does away with the expense of intermediaries and is more transparent and in control of taxation matters.
Management’s vision
Hitesh Sethia, Managing Director and CEO at Jio Financial Services Limited, emphasised this move as an opportunity to eliminate the complexity around tax filing and empower taxpayers with proper tax planning instruments. The tax filing feature in the JioFinance App is in line with the larger vision of Digital India by providing smooth, digital-first financial solutions that are accessible and affordable for regular Indians.
In short, Jio’s Rs 24 ITR filing facility is a great step towards making tax compliances a democratic process in India, blending affordability, professional assistance, and online ease to free taxpayers from the usual hassles of tax filing. It is also a welcome move given the upcoming deadline for ITR filing, urging more people to file their returns safely and speedily with the help of technology. This service is particularly convenient for taxpayers looking for an affordable, expert-recommended, and user-friendly platform for their income tax return filing process.
