H&R Block ties up with fintech startups NiYo

PUNE: H&R Block, the biggest consumer tax filing company in India has partnered with fintech startup NiYo to launch a new tax planning service for salaried professionals.

The 'HRB-NIYo Employee Benefits Solution' will make it easy for organizations to help employees through the complete tax cycle. NiYO features an integrated solution comprising of a Multi-Pocket Card, a mobile App and a digital account with multiple wallets. The HRB-NiYO Solution will help employers maximize benefits by making them available on a single NiYO card and also help in digitizing tax proofs through the app and mobile interface, and in tax filing through the H&B Block solutions. This would help employees track and record their employee benefits usage, have them vetted by tax experts at HRB, and file taxes more easily.

Vaibhav Sankla, Director, H&R Block said, "The NiYO app would help salaried individuals to connect with our tax experts with just at a click of a button. 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 said, "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."

The partnership brings forth a first-of-its-kind technology that makes tax saving and filing completely digital. It starts from the moment the employees receive tax-free allowances as part of their monthly salary.The addressable market is close to 30 million salaried employees in India who are eligible for various employee benefits. H&R Block has been present in India since 2012 while NiYO was launched in July 2016.