People often start sweating on hearing the name of tax filing. Calculating the income of the whole year, choosing the right tax slab, preparing documents, and filing returns on time, all this seems so complicated that many people start visiting expensive consultants for this. But now this hassle can be reduced to a great extent. Jio Finance App has launched a new digital module for tax filing and tax management, which will not only make paying tax easy but also very economical.
New feature developed in collaboration with TaxBuddy
This facility has been developed by Jio Finance in collaboration with TaxBuddy, a company providing online tax filing and advisory services. TaxBuddy is known as a reliable digital platform that helps taxpayers file returns according to the rules and in tax planning. The purpose of this partnership between Jio Finance and TaxBuddy is that even the common taxpayer can pay their tax with complete professional guidance without spending much.
Two main features have been provided in this new module. The first is tax filing, which removes the confusion between the old and new tax systems and helps in making proper use of tax exemptions like Section 80C and 80D. Here, users can calculate their tax and file returns on their own without any middleman.
The second feature is a tax planner, which tells ways to estimate and reduce future taxes. It includes features like personalized deduction mapping, checking house rent allowance (HRA), and comparison of old and new tax systems, so that the user can decide which option is more beneficial for them.
Light on the pocket, heavy on convenience
The most special thing about this feature is its price. If you want to file the return yourself, then you will have to pay only Rs 24 for it. On the other hand, if you want to take the help of a tax expert, then this facility starts from Rs 999. That is, the work that used to cost thousands of rupees earlier can now be completed at a very low cost and from the mobile itself.
Apart from this, after filing the return, you can check the status of your return on the app, track the refund, and also get an alert if any notice related to tax comes.
This module of the Jio Finance app has been specially designed to be user-friendly. From filing income to uploading documents and choosing the right tax system, the app guides you at every step. This makes the process faster and easier, and also reduces the chances of error.
Now, paying tax will not be stressful.
According to Hitesh Sethia, Managing Director and CEO of Jio Financial Services Limited, people start panicking as soon as the last date of tax filing approaches. The company wants this process to be so easy that any person can pay their tax on time and without stress. He says that making tax planning easy is equally important, so that people understand their financial responsibilities and can plan better for the future.
Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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