Fintech APIs
ITR and 26AS APIs
Simplifying Income Tax Verification for Businesses!
Signzy’s advanced ITR and 26AS APIs provide seamless access to crucial income tax return information and 26AS reports. Engineered to improve due diligence procedures, these APIs empower businesses to meticulously verify employment status, income source, and income tax return details with exceptional accuracy and efficiency.
By incorporating these cutting-edge features into their existing operational frameworks, organizations not only elevate their risk assessment protocols but also achieve rigorous compliance with prevailing regulatory standards.
Key Features of the ITR and 26AS APIs
Easy Access
Access comprehensive income tax return information through our APIs. Retrieve details such as income sources, deductions, exemptions, tax payable, and more. Gain valuable insights into individuals’ financial profiles to make informed decisions.
Real-Time ITR Status Updates
Stay updated with the latest ITR status using our API. Get real-time information on the filing status of income tax returns, ensuring you have the most recent data for analysis and decision-making.
Secure and Compliant
Ensure the security and compliance of income tax return data with our APIs. We prioritize data security and adhere to stringent compliance standards, safeguarding sensitive financial information.
Seamless Integration
Integrate our ITR and 26AS APIs seamlessly into your systems. Our APIs are designed for easy integration, allowing you to quickly incorporate income tax return data into your applications, platforms, or services.
Robust Verification
Rely on a system that accurately verifies crucial details such as employment status, income source, and income tax return information with unparalleled precision.
Benefits
Efficiency and Speed
Automate the labor-intensive task of income tax verification, thereby speeding up the onboarding process for clients and reducing manual errors
Enhanced Security
Built with top-notch security protocols to ensure that all your sensitive information remains uncompromised
Compliance
Achieve and maintain full compliance with tax regulations and other pertinent legal requirements effortlessly
How to Verify using ITR & 26AS API?
- First, integrate Signzy’s ITR and 26AS APIs
- The credentials of the customer need to be obtained and passed on to the API
- The API then get the information (ITR returns and other data) from the income tax portal
- The API uses an AI-based decision rule engine to evaluate the customer’s financial track record
- The APIs provide comprehensive details obtained to the API caller
FAQ
What is an Income Tax Return (ITR)?
Income Tax Return (ITR) is a document filed with the tax authorities that reports an individual’s income earned, deductions claimed, and taxes paid during a specific financial year. It provides a summary of an individual’s financial transactions for tax assessment purposes.
How can I use Signzy's ITR and 26AS APIs for ITR online verification?
Signzy’s Income Tax Return API & 26AS APIs are an online interface that helps you evaluate your customers’ income tax returns history and their credibility in financial transactions. It generates an income tax report based on the incometax return. An AI-based decision rule engine helps do this. In addition, you can combine data with other data points to create a more defined perspective about the user. This tool can be used to check income tax details, verify ITR online, and even get an income tax return status.
How does the 26AS form help in checking income tax return status?
The 26AS form is updated each quarter with the individual’s income, tax, and other details. It usually includes tax deductions, advance tax, refunds, high-value transactions, and individual income details. This form provides income tax return information and details about different sources of income.
What is ITR form 1 and how does it relate to income tax e-verification?
ITR form 1 is filled out by Indian residents with an annual income of less than 50 lakh rupees. The income is determined from three sources. These include the salary/pension, house property income, and other defined sources. This information is used to create the income tax report. The form can be filled out and submitted online, making it easy to file an ITR online.
How accurate is the verification process for checking income tax details?
There are minimal to zero chances of any error in the verification. The maximum quality evaluation is made with the available data. An AI-based decision rule engine makes the process accurate and devoid of human errors. This makes it reliable for ITR verification online.
Can ITR and 26AS be used for underwriting and checking ITR online?
Yes. ITR and 26AS APIs can be used for underwriting and will be an effective tool in determining the financial credibility and capacity of the customer. It can be used to check income tax details and verify income tax e verify processes.
Which attributes can we verify using this API for income tax e-verification?
You can evaluate your customers’ ITR details with reliability and ease using their PAN number, DoB, and phone number. It will help you decide if a customer is legitimate, financially secure, or unqualified and add to the customer’s credibility. This also helps determine the employment status of the customer. This can be used to check income tax details and generate an income tax statement.
How can I verify employment status and income sources using the ITR API?
Our ITR API enables you to retrieve income tax return information, including employment details and income sources. By accessing the data from ITR returns, you can verify an individual’s employment status and assess the reliability of their income sources.
How can I integrate the ITR and 26AS APIs into my systems?
Integrating our ITR and 26AS APIs is a seamless process. Our APIs are designed for easy integration, allowing you to incorporate income tax return data into your applications, platforms, or services smoothly. Our documentation provides comprehensive guidance for integration.
