A leading provider of digital payment services, PhonePe, has added a practical income tax payment option to its app. The goal of this new function is to make it possible for users of the PhonePe app to pay their taxes. PhonePe and PayMate, a supplier of digital B2B payments and services, have teamed up to make this feasible.
With this functionality, customers may choose between using their credit card or the app’s UPI (Unified Payments Interface) to pay their taxes. According to their bank’s regulations, people who opt to pay using their credit cards will also get a 45-day interest-free grace period and reward points on their tax payments. Within one working day after the payment has been made, taxpayers will get an acknowledgement with a Unique Transaction Reference (UTR) number. The tax challan, a record that attests to the payment of taxes, will also be made available in less than two working days.
On the PhonePe app, paying taxes is a simple process:
Go to the homepage of the PhonePe app and click the “Income tax” icon. Select the kind of tax you must pay.
Type the assessment year that applies to your tax payment here.
Give your PAN card information so that you may be identified.
Put in the tax challan’s amount.
Then, users may use UPI or a credit card to make the payment of their choice.
Within two working days of a successful payment, the money will be deposited to the tax portal.
The deadline to file your income tax is July 31. Taxpayers will have access to the created Challan Identification Number (CIN) and other pertinent data through the Challan Receipt once the payment has been completed. Under the “Payment History” page, the payment status will likewise be changed to “PAID”. It’s crucial to remember that the e-Pay your service at the e-Filing site offers a 24/7 online payment option that makes it simple to fulfill your obligations on time.
Conclusion:
PhonePe, a leading digital payment service provider, has introduced a practical income tax payment option to its app. The partnership between PhonePe and PayMate enables users to pay taxes using their credit card or the app’s UPI (Unified Payments Interface). Users can enjoy a 45-day interest-free grace period and reward points for their tax payments. Within one working day, taxpayers receive an acknowledgement with a Unique Transaction Reference (UTR) number and a tax challan within less than two days. The process is simple: click the “Income tax” icon on the app, select the tax type, enter the assessment year, provide PAN card information, and enter the tax challan amount.
Within two working days, the money is deposited to the tax portal. The deadline for filing income taxes is July 31. Taxpayers can access the Challan Identification Number (CIN) and other relevant data through the Challan Receipt. The payment status is changed to “PAID” on the “Payment History” page.
