PhonePe has released a new feature for taxpayers called Income Tax Payment. This feature will allow both types of taxpayers i.e. individual and business to pay advance tax. Tax can be paid using credit card and UPI. For this, one will not have to go to the tax portal. Let’s know in details.
PhonePe has added a new feature ‘Income Tax Payment’ to make things easier for Indian taxpayers. With the help of this, taxpayers can pay their tax. Actually, the last date to file ITR for the financial year 2022-23 is 31 July. For this, users can use credit card or UPI.
The feature of Indian digital payment company PhonePe will allow both types of taxpayers i.e. individual and business to pay advance tax. Like Paytm, the PhonePe app is very popular in India.
No separate login required
For this, the taxpayer will not need to login separately on the tax portal . The purpose of introducing this feature is to provide seamless experience to taxpayers. PhonePe has given this information. PhonePe has partnered with PayMate for this feature. PayMate is a digital B2B payment and service provider.
Payment by credit card or UPI
With the help of the features released on Monday on Phone Pe, taxpayers can pay tax with the help of credit card or UPI. Interest free amount will be available for 45 days on payment by credit card.
ITR file not possible
The new feature of PhonePe only gives the facility to pay tax, it cannot file ITR. Taxpayers have to follow another process for ITR filing.
How to pay income tax through PhonePe
- Open the PhonePe app available on Android and iPhone.
- Click on the option ‘Income tax’ given on the app.
- Select its tax type, assessment year and PAN card details.
- After this enter the total tax amount, then select the payment mode.
- Once the payment is made, it will be credited on the tax portal within two working days.
