Everything You Need to Know About ITR Extraction API
Income Tax Return (ITR) documents hold critical financial insights but are typically locked in unstructured formats. Arya.ai’s ITR Extraction API automates the parsing of ITR Acknowledgments, allowing platforms to retrieve verified income tax details instantly.
Features of a Good ITR Extraction API
- Extracts personal and tax-related fields accurately
- Parses structured income and tax payment data
- Fast processing for real-time decision workflows
- High OCR precision with poor quality document handling
- JSON-ready responses for system-wide integration
Applications of ITR Extraction API
- Loan Underwriting: Use verified ITR data to confirm applicant income.
- Tax Automation: Auto-populate financial dashboards with parsed ITR data.
- Fraud Detection: Cross-check declared income with tax records.
- Compliance & Audit: Digitally extract income proofs for auditing purposes.
- Government Programs: Validate ITR data to determine subsidy eligibility.
- Onboarding Verification: Confirm income claims during hiring or financial onboarding.