At KarmaLife, our mission has always been to empower gig and blue-collar workers by providing financial solutions tailored to them. We’re taking this mission a step further with our new tax filing service, designed to help gig workers file their Income Tax Returns (ITR) and claim their due TDS refunds.
Understanding the Challenge
As a government mandate, 1% TDS is deducted from the payouts of gig workers, including drivers, delivery personnel, and other blue-collar workers. Many are unaware that they stand a chance to claim the deducted TDS as refund by filing their ITRs, and hence miss out on these potential refunds. Even for the initiated, the process can seem daunting, unfamiliar, and inaccessible. Additionally, professional tax services are often unaffordable for workers in the low-income bracket. These challenges prevent gig workers from reclaiming the money they’re entitled to, impacting their financial well-being.
KarmaLife’s Solution
To address these issues, KarmaLife has launched a new tax filing service specifically tailored for gig workers. Our service aims to enlighten the workers about their potential refunds, and simplifies the tax filing process, making it easy and affordable for workers to claim their refunds. Here’s how it works:
- Expert Guidance: Gig workers can speak with our tax experts (CAs) over the phone in their preferred language. This ensures they get professional assistance tailored to their needs.
- Ease of Use: Workers simply submit the required documents via WhatsApp to our experts, who then handle the entire tax filing process on their behalf.
This streamlined approach makes it easy for gig workers to navigate the complexities of tax filing, ensuring they don’t miss out on their rightful refunds.
Results
Our tax filing service has already made a significant impact on the lives of many gig workers. For many, it was the first time filing their Income Tax Returns. Here are a couple of success stories:
Rajesh, a Delivery Partner from Bangalore: Rajesh had TDS deducted from his payouts but was unaware he could claim it back. With KarmaLife’s assistance, he filed his ITR and received a substantial refund, improving his financial stability.
Balaji, a Driver: Balaji found the tax filing process intimidating and had never filed an ITR before. Our tax experts guided him through the process, helping him claim his TDS refund and easing his financial burden.
These stories highlight the real, positive changes our service has brought to the lives of gig workers, empowering them financially.
KarmaLife’s tax filing service not only benefits gig workers but also offers significant advantages for partner companies. By supporting the financial well-being of their gig workforce, companies can enhance worker satisfaction and retention, while also reducing the administrative burden associated with tax filing queries and issues.
At KarmaLife, we are committed to driving financial inclusion and empowerment for gig workers. Our continued efforts aim to ensure that those who keep our economy moving forward receive the support they deserve.
