EZTax Introduces India’s First AI-Driven Income Tax Mobile App

EZTax Unveils First AI-powered Income Tax Application in India

EZTax introduces the first AI-powered Income Tax mobile app in India. The platform has unveiled the AI-driven Income Tax mobile app to simplify the process of ITR filing.

On January 30, 2018, the launch of EZTax's AI-driven Income Tax mobile app, a full-featured mobile ITR application, which, according to available data, has been in use by millions of taxpayers. According to EZTax, the new version of the AI-driven Income Tax mobile app is all about user experience and comes with built-in AI to make filing your taxes easier, more accurate, and less prone to errors.

On the other hand, most tax filing in India is mainly designed to help you file your taxes but not to allow you to do complete IT filing on your mobile phone.

Most taxpayers don't have the necessary knowledge to understand the ITR and tend to make mistakes that lead to expensive IT notices that need to be corrected. To avoid this, the EZTax AI Income Tax Mobile app Creative Audit module uses AI to detect issues before filing the ITR. India's first Tax Optimiser is now better to save on taxes.

"Because EZTax adheres to the mobile-first philosophy, all applications, including GST Accounting and ITR Filing, are mobile applications that function similarly to browser-based applications. Being an authorized e-Return Intermediary (ERI) for 8 long years and with the experience we possess, we are delighted to announce that the EZTax ITR application with artificial intelligence (AI), a unique, 1st and only solution available in India," according to Suneel Dasari, founder and CEO of EZTax.

He further added, "It is anticipated that the utilization of mobile applications will experience a further surge during the tax season of FY 2023-24 (AY 2024-25), which would prove advantageous for taxpayers. Adding an Artificial Intelligence (AI) to the self-service tax filing would enable taxpayers to save on taxes and error-free returns from the comfort of their own homes."

According to data provided by statscounter.com, about 78% of all internet users in India are using mobile platforms for convenience and portability, while only 22% are using computers. According to EZTax, personal cell phone usage is much higher at around 85%, as many people file their taxes in offices instead of at home.

As far as the pricing is concerned, Dasari said, "For ordinary income under Rs 5 lakh, EZTax's self-service Income Tax filing will be free. For other complexities, such as business, capital gains and settling income tax on cryptocurrencies, the prices will start from Rs 299."

Since EZTax's inception in 2016, the company has been providing tax services to taxpayers and has incorporated tax advisory services as an essential part of its services, which include income tax, goods and services tax (GST), total value added tax (TDS), business advisory, and compliance. Today, the company not only assists resident taxpayers in India but also assists national research institutes located in more than 39 countries worldwide.

It is to be noted that EZTax's AI-driven Income Tax app is available on all major mobile operating systems, including Microsoft Windows, Google Play Store, and Apple App Store.

As a tax technology company, EZTax (Myd Labs Private Limited) offers complete, end-to-end tax solutions in income tax, tax deducted at source (TDS), goods and services tax (GST), accounting, and registration for individuals and small and medium enterprises (SMEs) through software, applications, and professional services. Since 2017, EZTax has been an approved e-return intermediary (ERI).