E-commerce platforms Eternal's Zomato, Blinkit, Meesho's Valmo facilitate ITR refunds for delivery partners—What we know

E-commerce platforms Zomato, Blinkit, and Meesho’s Valmo have launched a new initiative to help their delivery partners file Income Tax Returns (ITR). The companies are facilitating the process to ensure that eligible workers receive their tax refunds. This move aims to simplify the often complex tax filing procedure for gig workers.
This development is significant for the gig economy, as it addresses a common pain point for delivery partners. By assisting with ITR filings, these platforms are helping workers access their rightful funds and stay compliant with tax regulations. It also highlights the growing importance of the gig workforce in the Indian economy.
Investors should watch how this initiative impacts the long-term engagement and satisfaction of delivery partners. A smoother tax process could improve worker retention and operational efficiency for these platforms. This could be a positive signal for the broader market sentiment towards the gig economy sector.
Excerpt from Mint
Eternal's Zomato and Blinkit, and Meesho's Valmo have facilitated ITR for over 2 lakh delivery partners, unlocking ₹ 35.6 crore combined in refunds. Over 70% of filers were first timers, the companies added. Eternal's companies Zomato and Blinkit and Meesho's Valmo have said that they facilitated ITR refunds for lakhs…Read the original at Mint
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