How to use Fintoo's AI-powered Chatbot For Tax Planning | FFC EP 122
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How to Use Fintoo's AI-powered Chatbot for Tax Planning | FFC EP 122
Filing your income tax return, paying your advanced taxes, and knowing whether you are eligible for an income tax return can seem really complicated. The process is often daunting, but what if you had a single tool that could help you with all these tasks in one place?
Hello everyone, this is Shanawas and welcome to another episode of the Friday First Class Series. In this video, we will navigate through the Fintoo chatbot, and get tax advice and help related to tax complexities. So without wasting any time, let's get started.
Step 1: Download the Fintoo App
Download the Fintoo app from the Apple Store or Google Play Store. Once the app is downloaded, open it and click on the advice section.
Step 2: Getting Started with the Chatbot
Upon opening the app, you will receive a welcome note from Fintoo. You need to choose whether you need advice on investments or personal tax.
- Click on "I need advice on personal tax".
- Then click on "I want to file my ITR".
- Enter your name, email ID, and phone number along with the country code.
Step 3: Select Your Income Type
The chatbot will ask you to select the type of income you have. This could be:
- Less than 50 lakhs
- More than 50 lakhs
- Income from house property
- Income from capital gains
- Income from business
Choose the option that best suits your situation and click the tick mark to move forward.
Step 4: Determine Suitable ITR Form
Based on your selected income type, the chatbot will tell you which ITR form is suitable for you. It will also show you videos to understand more about Form 26AS and AIS statements.
Step 5: Filing ITR
If you wish to file your ITR directly from the official income tax portal, the chatbot will redirect you to the ITR website and provide a reference video to guide you through the process. If you face any difficulty, you can connect with tax experts immediately or schedule an appointment according to your convenience.
Alternatively, if you wish to use the ClearTax portal, the chatbot will show you a step-by-step reference video on how to file your ITR through ClearTax.
Step 6: Advanced Tax Assistance
Do I Need to Pay Advanced Taxes?
To check whether you are liable to pay advanced taxes, click on "I need to know about advanced taxes", then choose "Do I need to pay advanced taxes?". You can either choose to do it yourself with the provided calculator or get expert help.
How Do I Pay Advanced Taxes?
To learn how to pay advanced taxes, click on "How do I pay advanced taxes?". The chatbot will guide you with a reference video and direct you to either the income tax portal or the NSDL portal, where you can make your payments.
Step 7: Income Tax Refund
To get details related to your income tax refund, click on "How do I get the income tax refund?". The chatbot will ask for the financial year, your PAN card number, and your income tax portal password.
Check Eligibility for Income Tax Refund
If you want to calculate your eligibility for the income tax refund, the chatbot will redirect you to a detailed calculator where you can input your income details, deductions, capital gains, house rent, etc.
Step 8: Tax Management
To know how to save taxes and the various deductions and exemptions available, click on "Tax Management". The chatbot will guide you to blogs and step-by-step processes to help you save taxes and maximize wealth.
Step 9: Handling Income Tax Notices
In case you receive a notice from the IT Department, click on "I got notice from IT department, what should I do?". You'll be redirected to a reference video, and if further assistance is required, you can connect immediately with tax experts or schedule an appointment.
Conclusion
Using the Fintoo chatbot simplifies the complex tasks of filing income tax returns, paying advanced taxes, and managing tax refunds. If you face any issues, you can always connect with tax experts for quick resolutions.
Keywords
- Fintoo App
- ITR Filing
- Advanced Taxes
- Income Tax Refund
- Tax Management
- AI-powered Chatbot
- Tax Advice
- Personal Tax
FAQ
1. How can I download the Fintoo app?
- You can download the Fintoo app from the Apple Store or Google Play Store.
2. What should I do if I need advice on personal tax?
- Open the Fintoo app, click on "Advice," and then choose "I need advice on personal tax."
3. How do I determine which ITR form is suitable for me?
- The Fintoo chatbot will help you identify the appropriate ITR form based on your selected income type.
4. Can I file my ITR directly from the app?
- Yes, the chatbot can redirect you to the official income tax portal or the ClearTax portal for filing your ITR.
5. How can I check if I need to pay advanced taxes?
- You can use the provided calculator in the Fintoo app or get expert help from the chatbot.
6. What should I do if I receive an income tax notice?
- Click on "I got notice from IT department, what should I do?" in the chatbot for assistance and guidance.
7. How can I get details about my income tax refund?
- Enter your financial year, PAN card number, and income tax portal password to get the refund details through the chatbot.