India’s tax season just got a major shakeup. In August 2025, Jio Finance announced the launch of its ultra-low-cost ₹24 tax filing service for salaried individuals, a move that is being hailed as a game-changer in the fintech and tax filing industry.
At a time when online tax filing services typically range from ₹300 to ₹2,000, Jio’s disruptive entry has sparked massive attention among professionals and everyday taxpayers alike.
What is the ₹24 Tax Filing Service?
The new service is designed exclusively for salaried employees, simplifying the often stressful process of filing Income Tax Returns (ITR).
Key features include:
- Flat ₹24 charge – the most affordable service in India
- App-based filing through the Jio Finance app
- Step-by-step guided process for ITR-1 (for salaried individuals with income up to ₹50 lakh)
- Auto-fetch of salary and TDS details from Form 16
- Free AI-powered error checks before submission
Why is Jio Finance Doing This?
This is part of Reliance Jio’s larger strategy to dominate digital financial services, similar to how it disrupted telecom in 2016 with ultra-cheap data plans.
By making tax filing affordable, Jio Finance is aiming to:
- Onboard millions of first-time ITR filers
- Expand its fintech ecosystem (loans, mutual funds, insurance)
- Build customer trust through affordability and ease of use
Who Can Use the Service?
The ₹24 service is currently available for:
✅ Salaried individuals with income up to ₹12 lakh per year
✅ People filing under ITR-1 (Income from Salary, one house property, and other income like interest)
✅ Residents who receive Form 16 from their employers
How Does it Work?
- Download Jio Finance app from Play Store or App Store
- Select “Tax Filing Service”
- Upload your Form 16 or connect your employer’s details
- The system auto-fills salary, TDS, and deduction details
- Review and pay ₹24 via UPI or JioPay
- Submit directly to the Income Tax Department portal
Example Case
Suppose Amit, a salaried employee earning ₹10 lakh annually, uploads his Form 16 on the Jio Finance app. The app fetches his salary, HRA, TDS, and deductions (like 80C investments). After confirming, he pays ₹24, and within minutes his ITR-1 is filed.
In comparison, Amit would have paid ₹499–₹1,000 on other platforms for the same process.
Why This is a Big Deal for Salaried Employees
- Affordable: Just ₹24, compared to hundreds elsewhere
- Time-saving: Takes 10–15 minutes instead of hours
- Error-free: AI checks ensure no mismatches in Form 16 vs ITR
- Inclusive: Encourages more people to file taxes on time
Industry Impact
Experts believe this move will:
- Force competitors like ClearTax, TaxBuddy, and government-backed platforms to slash prices
- Increase compliance, as more salaried people will file taxes instead of missing deadlines
- Strengthen Jio’s positioning in digital banking and wealth management
What’s Next for Jio Finance?
After tax filing, Jio Finance is reportedly working on:
- AI-powered financial planning tools
- One-click loan applications based on income proof
- Integration of investment options directly in the app
This ₹24 service could be the entry point for millions of Indians into Jio’s financial ecosystem.
The launch of the ₹24 tax filing service by Jio Finance in 2025 is not just about taxes—it’s about financial inclusion at scale. For salaried individuals, especially those earning under ₹12 lakh annually, this makes tax filing easy, quick, and unbelievably affordable.
If Reliance Jio could disrupt telecom, it looks like Jio Finance is set to disrupt fintech next.