Jio Finance Launches Rs 24 Tax Filing Service for Salaried Individuals; Know How To Apply For ITR Via Jio App?

Jio Financial Services Limited has introduced a new module equipped with tax filing and tax management features. Available on the Jio-Finance app, these modules start at an affordable price of just Rs 24. Developed in collaboration with TaxBuddy, an established name in online tax filing and advisory services, the new feature aims to make tax compliance easier and more accessible for users.

What Is Jio Finance's Rs 24 Tax Filing Offer?

Jio Finance has rolled out a highly affordable Rs 24 tax filing service, primarily targeted at salaried individuals. This Rs 24 plan is likely designed for basic ITR-1 (Sahaj) filings, which are applicable to individuals earning a salary or pension income.

It appears to be limited to salaried taxpayers with Form 16 and an annual income below Rs 5 lakh. The service does not cover capital gains, business income, or more complex financial scenarios, making it ideal for straightforward tax cases.

Tax Filing Available on Jio Finance App: Check Key Features

The module comprises two main features, 'Tax Planner' and 'Tax Filing'. The Tax Filing feature is designed to clear the confusion between old and new tax regimes, assisting users in calculating taxes and saving under sections like 80C and 80D. Its user-friendly and cost-effective approach eliminates the need for expensive intermediaries, empowering users to handle their taxes independently.

The second key feature, Tax Planner, helps users estimate future tax liabilities and plan strategies to reduce them effectively. Users can choose between filing their returns independently through the app or opting for expert-assisted filing. The self-filing option starts at Rs 24, while expert-assisted filing is available from Rs 999.

How To Apply For Tax Filing Via Jio Financial App?

The filing process is largely DIY (do-it-yourself) and handled through the Jio Finance app. There is minimal to no involvement of chartered accountants or live consultation support, which helps keep the cost low. Users are guided step by step within the app to input income details, upload documents, and select the appropriate tax regime.

On the backend, it is understood that third-party ERIs (e-Return Intermediaries) or GST Suvidha Providers are managing the actual filing with the Income Tax Department, under Jio's branding.

Hitesh Sethia, Managing Director and CEO of Jio Financial Services Limited, said, "With the tax filing deadline approaching, our goal is to remove the complexities associated with tax filing. Providing effective tax planning services is equally important, enabling customers to understand their tax liabilities throughout the financial year. The launch of this module adds a new dimension to our commitment to delivering accessible, digital-first financial solutions."

Post-filing, users can track the status of their Income Tax Returns (ITR), monitor refunds, and receive alerts for any tax-related notices through the app. The entire process-from entering income details and uploading documents to selecting the appropriate tax regime-is designed to be straightforward, providing guidance at every step for a seamless user experience.