TaxBuddy & JioFinance Launch Low-Cost ITR Filing for 2025

Filing income tax returns is a mandatory task for millions of Indians, but for many first-time and casual taxpayers, the process often seems complex, intimidating, and costly. Recognizing this challenge, TaxBuddy, a pioneering AI-powered tax filing platform, has partnered with Jio Finance to launch an affordable and user-friendly ITR filing service for the financial year 2024-25. Starting as low as ₹24 for self-filing and with expert-assisted plans from ₹999, this new service aims to democratize tax filing by combining advanced technology with personalized human support. It simplifies tax filing by helping users select the right tax regime, discover deductions, and comply effortlessly with evolving tax laws, making it accessible to all kinds of taxpayers, regardless of their experience or income sources.

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Table of Contents

How the TaxBuddy-JioFinance Collaboration Works

Tax Planner: Personalised Guidance for Tax Savings

Filing Options: Self-Filing vs Expert-Assisted Plans

How the Module Simplifies Old vs New Tax Regimes

Ensuring Compliance with Indian Tax Laws

Features of Taxbuddy

Practical Benefits for Individual Taxpayers

Conclusion

FAQs

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How the TaxBuddy-JioFinance Collaboration Works

This innovative partnership integrates a two-in-one tax module directly within the JioFinance app, offering users a seamless experience tailored to their tax filing needs:

Tax Filing Functionality:

Through the JioFinance platform, users can choose between self-service filing or expert-assisted filing. Self-service empowers taxpayers to file independently using AI-supported tools with guided prompts, error checks, and automated form-filling. On the other hand, expert-assisted filing connects users with professional tax advisors who handle the entire process — from clarifying doubts about income source classification to ensuring no eligible deductions are missed. This option is invaluable for individuals with multiple income streams, capital gains, or business income.

Tax Planner Tool:

Beyond filing, the collaboration introduces a proactive tax planner that lets users map out their tax liabilities in advance. By analyzing income, investments, and expenses, the tax planner forecasts future tax dues and identifies personalized savings opportunities. It evaluates eligibility for popular deductions like Sections 80C, 80D, and HRA, and compares tax liabilities under the old and new tax regimes to deliver clear, actionable insights enabling maximum savings. This empowers users to make informed financial decisions throughout the year, cutting down surprises during filing.

Tax Planner: Personalised Guidance for Tax Savings

The tax planner is a strategic and intelligent feature designed to navigate the complexity of India’s tax system. With frequent changes in tax slabs, deduction limits, and new schemes, understanding how to maximize benefits while complying with legal requirements can be stressful.

Holistic Analysis: The tax planner assesses your income from salaries, businesses, capital gains, and other sources. It reviews investments and expenses that qualify for deductions and allowances to provide a comprehensive tax outlook.

Real-Time Recommendations: Leveraging AI algorithms, it continuously updates suggestions based on changes in your financial profile and tax laws, offering timely advice to optimize your investments and expense declarations.

Benefits for All Taxpayers: Whether you are a salaried employee, freelancer, small business owner, or investor, the tax planner simplifies decision-making around deduction claims and regime selection. This can help you avoid missed opportunities and costly errors.

Filing Options: Self-Filing vs Expert-Assisted Plans

TaxBuddy provides flexibility to match your comfort and complexity level:

Self-Filing:

This option is perfect for tech-savvy taxpayers who prefer control and want to save costs. The platform’s intuitive design enables you to upload essential documents like Form 16, automatically pre-fill fields, validate TDS credits, and guide you through each step with clear instructions. In-built checks minimize filing errors, and e-verification ensures quick return processing and refunds. Whether you have multiple sources of income, capital gains, or other tax-relevant details, this option is efficient and cost-effective.

Expert-Assisted Plans:

For taxpayers seeking hassle-free filing or those with complex tax situations, the expert-assisted service offers dedicated assistance from qualified professionals. These experts handle calculations, suggest additional deductions, review your return in detail before submission, and address any follow-up queries from tax authorities. This premium service reduces anxiety and potential mistakes, providing peace of mind and often maximizing refunds.

How the Module Simplifies Old vs New Tax Regimes

One of the most challenging decisions during tax filing is choosing between the old tax regime with exemptions and deductions or the new regime with lower rates but fewer deductions.

• Automatic Calculations: The integrated module evaluates your total income and deductions under both regimes.

  
  

• Clear Side-by-Side Comparison: It presents a straightforward comparison of tax liabilities so you can easily identify which regime offers the best savings according to your unique financial profile.

  
  

• Error Reduction: By automating these calculations, it eliminates the possibility of manual errors and reduces confusion, making the filing process faster and more accurate.

This intelligent functionality is particularly useful for salaried professionals, freelancers, and business owners unsure about which regime to choose for FY 2024-25.

Ensuring Compliance with Indian Tax Laws

Compliance is critical to avoiding penalties or notice from the Income Tax Department. The TaxBuddy-JioFinance module guarantees adherence to the latest legal requirements:

• Up-to-Date Tax Rules: Slabs, deduction limits, TDS rules, and sops for FY 2024-25 are continuously updated.

  
  

• Input Validation: The system cross-checks user data against government regulations, flags errors or missing information, and suggests corrections to improve return accuracy.

  
  

• Transparency and Audit Readiness: Proper documentation guidance and error-free filing ensure smooth processing and reduce audit risks.

Users can file confidently knowing their returns meet all statutory criteria.

Aims at Greater Convenience and Savings

Jio Finance sees this partnership as a solution to common taxpayer frustrations—complexity, missed deductions, uncertainty in regime selection, and high filing costs. Integrating TaxBuddy’s technology within the JioFinance app synergizes automation with expert support to deliver cost-efficient, accurate tax filing services that empower taxpayers to optimize their finances. This approach promises greater financial literacy, reduced filing errors, and increased uptake of tax-saving instruments.

Features of Taxbuddy app

When it comes to filing Income Tax Returns (ITR), support features can make a significant difference, especially for first-time filers or taxpayers with complex financial situations. Some of the taxbuddy app features include-

1. Expert Tax Support: Available in assisted plans, ensuring returns are professionally vetted and personalized advice is accessible.

   
   

2. Free Post-Filing Support: Assistance for responding to Income Tax Department notices, refund tracking, and discrepancy resolution.

   
   

3. Dedicated Customer Service: Phone and chat options connect users quickly to tax professionals for real-time query resolution.

   
   

4. Refund & Demand Management: Proactive handling of refund delays and demand notices minimizes taxpayer stress.

   
   

5. User-Centric Design: Suited for beginners and complex return filers alike, making tax filing worry-free and efficient.

Practical Benefits for Individual Taxpayers

• Highly Affordable: Starting at ₹24 for self-filing, this service competes favorably with traditional CA fees and premium platforms.

  
  

• Reduces Complexity: Streamlined workflows with step-by-step guides and automated filling ease the process for all users.

  
  

• Tax Optimization Tools: AI-driven tax planner and regime comparison help maximize deductions and lower tax liability.

  
  

• Convenience: Digital uploads and auto-filling prevent manual errors and speed up filing, even for complicated cases.

Conclusion

The TaxBuddy-JioFinance collaboration revolutionizes tax filing in India by offering affordable, accurate, and comprehensive solutions for FY 2024-25. While extended deadlines offer relief, on-time, error-free filing remains crucial for faster refunds and compliance. Leveraging integrated AI and expert support within the JioFinance app not only simplifies filing but also empowers taxpayers to maximize returns and avoid common pitfalls.

FAQs

Q1. What is the pricing structure for TaxBuddy’s ITR filing plans integrated with JioFinance?

The self-filing option starts at just ₹24, making it affordable for all taxpayers. For those who want expert assistance, guided filing plans start at ₹999, offering personalized support and return review by tax professionals.

Q2. How does the collaboration between TaxBuddy and JioFinance benefit taxpayers?

By combining TaxBuddy’s AI-powered tax filing technology with JioFinance’s extensive user base, the partnership offers an integrated, affordable, and easy-to-use platform that simplifies tax filing, provides personalized tax planning, and ensures compliance with the latest tax laws.

Q3. What features are included in the TaxBuddy-JioFinance tax planner?

The tax planner helps you forecast future tax liabilities, identify eligible deductions under Sections 80C, 80D, and others, check HRA eligibility, and compare tax liabilities under old and new tax regimes to optimize your savings throughout the financial year.

Q4. Can I switch between old and new tax regimes using this module?

Yes, the module automatically calculates your tax liability under both regimes and provides a clear comparison, helping you choose the one that maximizes your benefits with minimal effort.

Q5. Is e-verification supported on this platform?

Yes, TaxBuddy integrated with JioFinance allows for instant and secure e-verification through Aadhaar OTP, net banking, or other government-approved methods, speeding up refund processing.

Q6. Who should opt for expert-assisted filing plans?

Taxpayers with multiple income sources, capital gains, business income, or those unfamiliar with tax laws should consider expert-assisted plans for professional guidance and error-free filing.

Q7. How does TaxBuddy ensure compliance with the latest Income Tax laws?

The platform is regularly updated with the newest tax slabs, deduction limits, and TDS rules. It validates user input, detects discrepancies, and suggests corrections to keep your returns compliant and reduce the risk of notices.

Q8. Are there any post-filing support services included?

Yes, regardless of the plan, TaxBuddy offers free post-filing assistance such as notice response handling, refund tracking, and dispute resolution related to your tax return.

Q9. How can I access the TaxBuddy-JioFinance ITR filing service?

You can access the service directly through the JioFinance app, integrating both filing options and tax planning tools in one convenient place.

Q10. Are first-time filers supported on this platform?

Absolutely. The intuitive interface, guided steps, and options for expert help make it easy for first-time filers to complete their ITR accurately and confidently.