Joint initiative by BIAL and CabDost to boost tax filing and create
financial inclusion for Airport taxi drivers
Bangalore International Airport Limited (BIAL) in association with Cab Dost – a social enterprise that works with taxi drivers – launched the third edition of Tax-E-Mela, a financial inclusion initiative to help Airport taxi drivers file Income Tax returns . This initiative is completely free of charge for taxi drivers to ensure a secure financial future for them by providing advisory services related to tax filing. This service will be available at the P6 parking area at the BLR Airport until March 23, 2019.
Over 1,500 drivers are stationed at the BLR Airport parking at any given time. BIAL staff and Cab Dost volunteers actively encourage them to participate in the Tax filing initiative. Cab Dost has set up a help desk, which is open from 7 am to 9pm every day until March 23. Drivers need to bring their original PAN card, Aadhar card and a copy of their Bank Statement to avail this service.
Tax filing is an advantage for the taxi driver community, who have long been exploited, by money lenders charging exorbitant interest rates, owing to their lack of financial literacy. Once under the tax umbrella, a driver would be able to avail loans from banks, can use it as an income proof and apply for TDS refunds, if applicable. Cab Dost has been conducting this campaign for three years and has assisted free ITR filing for over 5,000 drivers across the Country, so far.
“This is an opportunity to create financial inclusion for cab drivers. Most taxi drivers cross the tax bracket and TDS is deducted, due to lack of financial education about ITR filing. Drivers fail to file their ITRs and build a track record of income. This initiative will not only include them in the tax base, but also validates their financial credentials,” said Yamuna Sastry, Founder, Cab Dost.