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Section 87A of the Income Tax Act offers taxpayers a significant rebate, providing a reduction in the amount of tax payable. This rebate is particularly beneficial for individuals earning below a certain income threshold, making it an important provision for those looking to optimize their tax liability. With the upcoming changes for FY 2025-26 (Assessment Year 2026-27), it is crucial to understand how the Section 87A rebate works, the updates for the new assessment year, and

Delivery and gig platforms have created a flexible, high-volume earning model, making gig workers one of the fastest growing workforces in the country. The number of gig workers is expected to expand from 7.7 million in 2020-21 to over 23.5 million by 2029-30 as per a NITI Aayog report. For delivery platforms such as Zepto, Swiggy, Delhivery, and Zomato, these rising numbers present a huge opportunity for embedded finance to reduce high attrition rates and gain competitive a

Tax season in India is undoubtedly a defining moment for investment platforms, as it triggers investors to seek reliable, prompt, and seamless tax-filing support. Every year, post March 31st, taxpayers calculate their tax liability. However, this isn’t a one-time journey. Investment planning is something that happens all across the year, and investors require digitalised solutions that simplify complex tax laws. Digital-first platforms have fuelled DIY and AI-assisted tax fi

Can AI make mistakes while filing your ITR? Learn where generic AI tools can go wrong and how TaxBuddy AI combines intelligent automation with tax expertise for accurate filing. Artificial Intelligence has quickly become a part of everyday financial decision-making. People now use AI to understand investments, calculate taxes, compare financial products, and even prepare their income tax returns. During every tax season, thousands of taxpayers turn to AI chatbots with questio

Artificial Intelligence has changed how people search for information. Instead of browsing multiple websites or watching lengthy videos, taxpayers now simply ask an AI assistant questions like "Which ITR form should I file?" "Can I claim this deduction?", or "Why is my refund delayed?" Within seconds, AI generates detailed responses that would otherwise take considerable time to research. This convenience has naturally encouraged many taxpayers to go one step further. Instead

Investors increasingly use multiple broker platforms for diversification, but this approach creates a hidden problem: fragmented capital gains data that makes accurate tax reporting a huge challenge. When it comes to filing Income Tax Returns (ITR), users need to compare and reconcile data across all these platforms. While every wealth app provides its own capital gains statement, reconciling them becomes an issue given that the Income Tax Department has mandated the use of

India’s gig economy has grown to become a significant sector, defining how income is earned by a large section of the population. One of the rapidly growing workforces, gig workers are projected to grow to 2.35 Crore by 2029-30. Be it e-commerce delivery partners or freelancers, cab drivers or content creators, gig workers earn a sizable slice of the pie. And their earnings through gig platforms may be their only source of income or in addition to other employment. While pla

With the central government granting API access to tax portals, AI-focused automation tools have found their way into the financial ecosystem to simplify compliance and filing. In addition, data from the Press Bureau of India reveals that approximately 9.19 Crore Income Tax Returns (ITRs) have been filed during FY 2024-25 demonstrating an increase in the number of taxpayers across the country. GST-registered taxpayers are a huge part of this pie, running small and medium bus

Financial apps are no longer built only around transactions. A payroll app does not stop at salary processing. A wealth app does not stop at portfolio tracking. A banking app does not stop at interest credits. A gig platform does not stop at payouts. Each financial action creates a follow-up need around tax, documents, reporting, TDS credits, income proof, filing status, or compliance records. This is why financial apps are investing in secure compliance infrastructure. Tax w

Financial products are no longer expanding only by building new features from scratch. A payroll platform can add ITR filing. A wealth platform can add capital gains tax workflows. A banking app can add tax planning support. A financial wellness platform can add document readiness and filing support. This shift is happening because APIs have changed how product expansion works. API-led integration and plug-and-play APIs allow financial platforms to add new capabilities faster