An intelligent platform that simplifies tax planning, compliance, and financial insights for freelancers, students, creators, and small businesses.
Instead of navigating complex financial regulations or hiring expensive consultants, users can rely on AI-assisted financial reasoning combined with deterministic tax logic to understand their taxes, optimize deductions, and maintain compliance with Indian tax regulations.
Managing taxes in India can be complicated due to:
- Multiple tax regimes
- Numerous deduction sections
- Compliance requirements
- Financial document handling
👉 Watch Demo: https://drive.google.com/file/d/1wUDI_HkTDMxSwj57Kp7ScI01ukWHYbyK/view?usp=sharing
TaxAI acts as a digital Chartered Accountant assistant, automating many of the workflows typically handled by CA firms.
The system integrates:
- AI reasoning
- Structured tax computation
- Document intelligence
- Compliance monitoring
This hybrid architecture ensures accuracy, interpretability, and user-friendly financial insights.
Many individuals such as:
- Freelancers
- Students earning online
- Content creators
- Early-stage startups
- Small businesses
lack access to affordable tax guidance.
Current tax tools are often:
- Hard to understand
- Static calculators
- Lacking personalized advice
- Not conversational
Our platform solves this by combining AI + financial logic to provide personalized tax insights and compliance guidance.
A conversational AI assistant that answers finance and tax queries such as:
- “How much tax do I owe this year?”
- “Should I choose the old or new tax regime?”
- “Can I claim my laptop as a business expense?”
- “How can I reduce my tax liability?”
A structured overview of the user's financial data including:
- Income breakdown
- Expense categories
- Estimated tax liability
- Financial insights
Users can upload financial documents such as:
- Form 16
- Payslips
- Invoices
- Receipts
- Bank statements
The system uses OCR + AI extraction to convert documents into structured financial data.
A rule-based engine that calculates:
- Income tax liability
- Old vs New regime comparison
- Deduction impact
Supports sections like:
- 80C
- 80D
- Other exemptions
Ensures accuracy and reliability.
Simulates tax-saving strategies:
- “What if I invest ₹50,000 under 80C?”
- “What if I switch tax regimes?”
Provides before vs after comparisons.
Detects issues such as:
- Missing deductions
- Unusual financial patterns
- High taxable income
Provides actionable suggestions.
Generates structured reports including:
- Income summary
- Deductions
- Estimated tax
- Optimization suggestions
AI Orchestrator
Handles:
- Intent detection
- Workflow routing
- Data aggregation
- Response generation
Upload → OCR → AI Extraction → Database
Query → Data → Tax Engine → Compliance → AI Explanation
Baseline → Simulation → Comparison → Recommendation
- React.js — Responsive and dynamic user interface
- FastAPI — High-performance backend API layer
- JWT Authentication — Secure user authentication and session management
- MongoDB — Primary database for storing user and financial data
- Vector Database — Enables RAG-based semantic search and retrieval
- Pageless Indexing — Efficient document indexing for faster querying
- Groq LLM — Ultra-fast language model inference
- LangChain — AI orchestration and RAG pipeline management
- OCR Engine — Extracts structured data from images and documents
React.js
↓
FastAPI
↓
MongoDB + Vector DB
↓
AI Layer (OCR + LLM + LangChain)
- User logs in
- Uploads or enters financial data
- Data is processed and stored
- Tax is calculated
- AI provides insights
- Compliance checks run
- Reports are generated
- Kawaljeet Singh
- Harsh Pachauri
- Akshit Maheshwari
- Divyam Gupta
- ITR filing integration
- AIS / Form 26AS verification
- GST support
- Investment recommendations
- Real-time APIs
This project is built for educational and hackathon purposes.