UPI payments giant PhonePe launches Income Tax Payment feature

Indian UPI payments giant PhonePe today announced the launch of the ‘Income Tax Payment’ feature on its app as it aims to allow taxpayers to pay self-assessment and advance tax.

To make this possible, The fintech giant has partnered with B2B payments service provider PayMate. 

With this, Users can pay taxes using credit cards or UPI. Once the payment has been made, taxpayers will receive a Unique Transaction Reference (UTR) number as an acknowledgement within one working day. The challan for the tax payment will be available within two working days, the company said in a statement.

Niharika Saigal, Head of Bill Payments and Recharge Business at PhonePe, said, “At PhonePe, we are committed to continuously enhancing our offerings to meet the evolving needs of our users. We are thrilled to announce the launch of our latest feature, the convenience of paying income taxes on the PhonePe app itself. Paying taxes can often be a complex and time-consuming task, and PhonePe is now offering its users a hassle-free and secure way to fulfill their tax obligations. We believe that this will transform the way our users pay taxes as we have now made the process both simple and easy.”

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