It’s that time of the year when taxpayers are busy filing their Income Tax Returns (ITR) for the financial year 2022-23.
The deadline is approaching, and the government won’t extend it beyond July 31.
But here’s good news – PhonePe has introduced a convenient ‘Income Tax Payment’ feature on its app.
The new feature allows users to pay taxes from the comfort of their homes with just a few clicks.
The new PhonePe feature enables both individual and business taxpayers to assess and pay their taxes directly within the app.
No need to log in to any external portal.
PhonePe has partnered with PayMate, a digital B2B payment and service provider, to make this feature possible.
Using this feature, users can pay taxes easily using their credit cards or UPI.
Credit card payers get extra benefits, including an interest-free period of 45 days and the possibility of earning reward points from their respective banks.
3-step guide to paying Tax on PhonePe
Step 1: Open the PhonePe app on your iPhone or Android smartphone. Find the ‘Income tax’ icon on the homepage and tap on it.
Step 2: Select the type of tax you want to pay, along with the assessment year and PAN card details.
Enter the total tax amount and choose your preferred payment method.
Step 3: After a successful payment, the amount will be credited to the tax portal within two working days.
PhonePe ensures that taxpayers receive a receipt with a Unique Transaction Reference (UTR) number within one working day after making the payment.
Additionally, the tax payment challan will be available to users within two working days.