by PhonePe, India’s leading digital payments platform, has launched a new feature that allows users to pay their income taxes directly from the app. The feature is available to both individuals and businesses.
To pay income tax using PhonePe, users simply need to enter their PAN number, assessment year, and the amount they wish to pay. They can then choose to pay the tax using their UPI ID, credit or debit card, or net banking.
The new feature is a convenient way for users to pay their income taxes on time and avoid penalties. It is also a secure way to pay taxes, as all transactions are encrypted and processed through the National Payments Corporation of India (NPCI)’s secure payment gateway.
Quote:
“We are excited to launch the income tax payment feature on PhonePe,” said Sameer Nigam, CEO of PhonePe. “This feature will make it easier for our users to pay their taxes on time and avoid penalties. We believe that this feature will be a valuable addition to our platform and will help our users to manage their finances more effectively.”
Quote:
“The launch of the income tax payment feature on PhonePe is a significant development,” said Ajay Pandey, CBDT Chairman. “This feature will make it easier for taxpayers to pay their taxes on time and avoid penalties. We are confident that this feature will be well-received by taxpayers.”
The launch of the income tax payment feature on PhonePe is a significant development in the digital payments space. It is a convenient and secure way for users to pay their income taxes on time. The feature is expected to be well-received by taxpayers and will help to promote digital payments in India.
