Swiggy enables over 50,000 delivery partners to file ITR: Facilitates INR 6.5 crores in income tax refunds
- Swiggy’s Food Marketplace and Instamart delivery partners used the feature to claim refund of the 1% TDS deducted on their payouts throughout the financial year
- Over one-third of delivery partners filed their ITRs for the first time
Chennai: Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, today shared that it has enabled over 50,000 delivery partners across India to file their Income Tax Returns (ITR) directly via its delivery partner app, across its Food Marketplace and Instamart businesses. The initiative enabled INR 6.5 crores of cumulative income tax refund claims for delivery partners. In addition to this, more than one-third of the delivery partners filed the returns for the first time, becoming a part of the formal financial ecosystem.
The filing of income tax returns also goes a long way in creating a financial history for the delivery partners. This, in turn, is helpful in gaining access to the formal financial services that may not be readily available to all of them, including availing loans for various personal expenses, rental agreements etc.
Speaking on the initiative, Saurav Goyal, Chief Operating Officer, Food Marketplace, Swiggy said, “For our delivery partners, long-term stability is about building a recognized financial identity. By enabling our delivery partners to file their Income Tax Returns (ITR) seamlessly, we are helping thousands of them become a part of the formal economy. This is a vital stepping stone that establishes their credit footprint, ultimately unlocking doors to a range of financial services that can transform the future for them and their families.”
Swiggy partnered with leading tax-tech platforms ClearTax, TaxBuddy and Dvara Money to offer a holistic and friction-free experience. Swiggy had previously partnered with industry leaders like the National Stock Exchange and Zerodha to provide financial training and make it easier for our partners to invest for their future.
About Swiggy
Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.5 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 131 cities, delivers groceries and other essentials across 20+ categories. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Toing and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users. For more details, please visit our website:www.swiggy.com/corporate/