H&R Block has partnered with NiYo – a fintech startup – for easier tax cyles

Looking to revolutionise the tax planning experience for salaried individuals, consumer tax filing company H&R Block has partnered with NiYo – a fintech startup. The partnership will offer ‘HRB-NiYO Employee Benefits Solution’ enabling an easier process for organisations to lend assistance to their employees through the complete tax cycle. Starting from the time employees receive tax-free allowances as part of their monthly-salaries, the partnership makes tax saving and filing completely digital.

Through their Expert Tax Preparation services, H&R Block offers online tax filing solutions to salaried in individuals in India. NiYo’s featured integrated solution comprises of a Multi-Pocket Card, a Mobile App and a digital account with multiple wallets. The solution offered through the partnership will help employers maximise benefits by availing them on a single NiYo card and will will als help in digitising tax proofs through NiYo mobile app and web interface. In addition, it will also help employees file their taxes with H&R Block smart tax filing solutions. Another options for employers available through the mobile app is the tax planning services.

The addressable market is close to 30 million salaried employees in India who are eligible for various employee benefits. The partnership is said to compliment each of the companies well, hence they are looking to bring a synergy in the market of salaried Indians.

Vaibhav Sankla, Director, H&R Block, said “We are very excited to partner with this innovative Fintech start-up. The NiYO app would help salaried individuals to connect with our tax experts with just at a click of a button, and avail of our top rated tax filing and tax advisory services. This fantastic employee benefits app will also help users to seamlessly share their personal information with tax experts without any additional effort.”

Vinay Bagri, CEO NiYo added, “Niyo is very excited to partner with H&R Block to ensure that each and every NiYO customer has opportunity to optimize his tax saving, file his returns through world’s best tax filing organization and will have support in tax refund too!”