Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app.
Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal. The amount will be credited to the tax portal within two working days.
Individuals Can Pay Advance Tax Directly
With this element, citizens, be they people or organizations, can undoubtedly pay self-evaluation and advance expenses straightforwardly from inside the PhonePe application. This will be conceivable without the need to sign in to the IT entryway. In the midst of individuals whining about specialized tangles on the site, this component won’t just give an option of expense recording yet, in addition, lessen the load on the site.
Income tax feature: PhonePe partners with PayMate
The organization has joined forces with PayMate, a computerized B2B installment and specialist co-op to empower this element. Under this office, clients can pay their annual expenses by utilizing a charge card or UPI. On Visa installments, clients will get a 45-day sans interest period and the prize focuses on their duty installments.
How to pay taxes with the help of PhonePe
- -Download and install the PhonePe app.
- -Open the PhonePe app homepage and tap on the ‘Income Tax’ icon.
- -Choose the type of tax you want to pay, the assessment year.
- -Enter your PAN Card details.
- -Enter the total tax amount and pay using the payment mode of your choice.
- -After the successful payment, the amount will be credited to the tax portal within two working days.