Jio financial services Ltd. Has launched a tax planning and filing module on its jiofinance app, beginning at Rs 24 for self-carrier alternatives, intensifying competition in India's on-line tax answers market.
The feature, advanced in partnership with taxbuddy, offers both self-carrier and expert-assisted submitting, as well as equipment for evaluating tax regimes, mapping deductions, and comparing housing lease allowances.
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"With the cut-off date for filing taxes drawing near, our aim is to cast off the complexity that a number of human beings accomplice with tax submitting," said hitesh Sethia, MD and CEO of jio monetary services, adding that the provider targets to offer "clean insights and transparent pricing."
Ambanis to infuse Rs 16,000 Cr in jio monetary offerings to take on rivals
The flow comes as competitor clean (formerly cleartax) is trimming its staff. Consistent with a record with the aid of Entrackr, clean has laid off 20-25% of its staff-around one hundred forty five personnel-powerful august 1, in a restructuring exercising that protected numerous new hires and clean graduates. The corporation showed a sixteen% discount, mentioning broader strategic changes, and said it is supplying enhanced severance, health insurance, and outplacement help.
Entrackr reported that the cuts come amid a coins crunch, with clear not able to elevate sparkling capital due to the fact october 2021 despite a 93% jump in FY24 operating revenue to Rs 209.84 crore and a fifty nine% reduction in losses to Rs ninety six.24 crore.
India's height tax return submitting season is underway for the financial yr 2024-25 (evaluation year 2025-26), with the authorities extending the deadline for most non-audit taxpayers-which include individuals, salaried personnel, and Hindu Undivided households (hufs)-to september 15, 2025.
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