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
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.