Income Tax filing is not just data entry but it’s about correctly interpreting provisions, claiming eligible deductions, selecting the right regime, reporting capital gains, setting off losses, and avoiding compliance traps.
A wrong or incomplete return can lead to:
Notices & penalties
Missed carry-forward of losses
Incorrect tax regime lock-in
Refund delays or denials
Such low prices often mean limited scope, hidden upselling, or zero accountability. Apps can assist, but they can’t replace professional judgement for anything beyond a basic ITR-1 case.
My advice: Invest in professional review if your income involves capital gains, multiple sources, foreign income, business/profession, or past losses. Saving a few hundred now may cost you thousands later.
Jio has introduced a tax planning and ITR filing module on its JioFinance app to simplify the process for taxpayers. This feature is a partnership with TaxBuddy, an online tax filing and advisory service.
Here’s a breakdown of the offers:
- Self-service options: Plans start as low as ₹24 for users who want to file their returns themselves.
- Expert-assisted filing: For those who prefer professional help, expert-assisted options are available starting from ₹999.
The module includes a “Tax Planner” to help individuals project and reduce future tax liabilities by offering personalized deduction mapping, and a “Tax Filing” feature designed to address common challenges and help customers save taxes.
The ITR filing process through the JioFinance app is designed to be simple and guided, allowing users to track their return status, monitor refunds, and receive alerts for tax-related notices directly through the app.