Photo - JJ Tax
52594

JJ Tax

Chat based app

India, Haryana
Market: Robotics
Stage of the project: Operating business

Date of last change: 10.06.2021
Go to the owner's profile
2
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

At JJ Tax, we provide a wide range of solutions in taxation and allied services to customers through our chat-based mobile application and resolve queries in real time. Our team of experts aim to provide timely and reliable information to the customers keeping in mind the affordability factor.

We are devoted to provide the best solutions for your Tax related issues. With our main tools- Income Tax Calculator, HRA Calculator and much more, taxpayers can e-file their Income Tax Return with just a few clicks. With our app, you can also Register under GST or Goods and Services Tax .

Current Status

40 lakh revenue till date , 8.5 lakh app download , 200 paid customers since wConsultation fees
charged by CA and
other professional
firms is very high
There is NO single
digital platform
dedicated for all tax
related services
People have multiple
tax queries, but they
don’t get accurate and
reliable solutions
Tax compliances are
complex and difficult
to understand
Missing out on various
due dates & changes in
tax laws leading toe started paid membership last feb 2021

Market

JJ Tax is here to disrupt the Indian Tax services landscape.
➢ We aim to target 50Cr PAN-holders, 6Cr Income tax return filers and 1.2Cr GST return filers.

Problem or Opportunity

JJ Tax App offers real time query resolution services to all its users
free of cost
Users can communicate with tax experts through the App and avail
services at their own convenience
Personalized file cabinet for all the users for exchange of documents
All tax and related services are provided under one roof
Due date notifications & reminders so that members never miss the tax
deadlines
Members get personalized, quick and reliable services in a timely

Solution (product or service)

JJ Tax offers 5 membership plans as per taxation requirements:
▪ Silver plan for Individuals/HUF having income other than Business/Profession upto Rs 25 Lakhs
▪ Gold plan for Individuals/HUF having income other than Business/Profession more than Rs 25 Lakhs
▪ Platinum plan for business with GST registration
▪ Dollar plan for Non-residents
▪ Diamond plan for Non-individual

Competitors

we dont have direct comptitors as such but indirect competitors are india fillings , clear tax

Advantages or differentiators

Real time query resolution
services by professionals   ✓
All tax services at one
platform   ✓
B2C focused   ✓
Tax due dates reminders   ✓
Affordable Costs

Finance

Expected Revenue for FY 2025-26 is Rs. 123 Cr and Rs. 630 Cr for FY 2029-30

Business model

Play store and App store
Marketing through HotStar & YouTube
12
• Within 6 months of launch, we crossed a
milestone of 1,00,000 downloads.
• Highest jump was seen in Nov’2020 with
475% increase in the no. of downloads.
• We have already achieved more than
8.5 Lakh downloads
• We are targeting more than 1 Million
downloads by July’2021.
HotStar YouTube
Total impressions on HotStar has crossed
1,120 Million
5,600 subscribers with total views of more
than 1 Million

Money will be spent on

Marketing
Salary
Product development
Other expenses

Offer for investor

Target Amount INR 20 Cr
Min. Investment Amount INR 20 Lakhs
Mode Equity or CCPS
Tranches Multiple
Investment raised till date INR 2.5 Cr from Promoters
and acquaintances
EXIT PLAN
The Company shall make best efforts to provide an exit to the
investors by way of an Initial Public Offering (IPO) on a major
stock exchange by 2025-2026. The Company plans to achieve a
minimum equity valuation that would allow the investor to receive
a minimum return of at least 5x of the investment amount

Team or Management

Won the competition and other awards

JJ Tax has been conferred with an award for ‘Best
Fintech Solutions of the Year’ by ‘Time2Leap Awards’,
supported by Pratap Chandra Sarangi – Minister of State,
Government of India.

Photos

Photo 1 - Chat based app

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility459
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation