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PhonePe launches new function for revenue tax cost
PhonePe prospects must log in to the app and choose the Revenue Tax icon.
New Delhi:
Digital funds and fintech platform PhonePe has launched a brand new function on its app that enables customers to pay their revenue tax. This facility permits people and companies to make self-assessment and advance tax funds by means of the PhonePe software program, with out the necessity to log in to the Revenue Tax portal. The cost will be made utilizing UPI or bank card, and the quantity will probably be credited on the tax portal inside two working days.
Easy and safe tax cost course of
To avail this facility, PhonePe prospects must log in to the app and choose the Revenue Tax icon. From there, they’ll select the kind of tax to be paid, evaluation yr and enter their Everlasting Account Quantity (PAN) particulars. After getting into the whole tax quantity, prospects can proceed to pay utilizing their most popular mode of cost. After cost, taxpayers will obtain a Distinctive Transaction Reference (UTR) quantity within the type of an acknowledgment inside one working day. Additional, the challan for tax cost will probably be made out there inside two working days.
A hassle-free method to fulfill tax obligations
Niharika Sehgal, Head of Invoice Fund and Recharge Enterprise at PhonePe, expressed the corporate’s dedication to simplify the tax cost course of for its prospects. That mentioned, paying taxes can usually be a flowery and time-consuming activity, and PhonePe is now offering a hassle-free and safe resolution to its prospects to fulfill their tax obligations. It will change the best way our prospects make tax funds as now we have now simplified and simplified the method.
PhonePe companions with PayMate
To allow this new function, PhonePe has partnered with PayMate, a digital B2B cost service supplier. This partnership ensures a seamless and environment friendly tax cost expertise for PhonePe customers, whereas additionally leveraging PayMate’s experience within the digital funds area.
About PhonePe
PhonePe, a subsidiary of Walmart, is the primary digital fund and fintech platform in India. With a client base of round 500 million registered prospects, PhonePe processes 45% of transactions on the Bharat Bill Pay System (BBPS). The corporate was based in 2015 and since then has expanded its choices to incorporate mutual funds and insurance coverage merchandise. PhonePe operates independently from its e-commerce sibling, Flipkart.
conclusion
PhonePe’s new facility to pay revenue tax by means of its app gives prospects a handy and safe approach to meet their tax obligations. By partnering with PayMate, PhonePe ensures seamless charge expertise for its prospects. With its user-friendly interface and dedication to simplify the tax cost course of, PhonePe is revolutionizing the best way folks pay taxes in India.
Ceaselessly Requested Questions (FAQs)
1. How can I pay my Revenue Tax utilizing PhonePe?
To pay your revenue tax utilizing PhonePe, it is advisable to log in to the app, choose the Revenue Tax icon, select the kind of tax to be paid, enter your PAN particulars, and proceed with the cost utilizing UPI or bank card.
2. How lengthy does it take for tax charge to be deposited on the tax portal?
Tax cost made by means of PhonePe will probably be credited to the tax portal inside two working days.
3. Will I get a receipt for my tax charge?
Positive, you’ll obtain a Distinctive Transaction Reference (UTR) quantity as an acknowledgment inside one working day of creating the tax cost. Bill for cost may also be made out there inside two working days.
4. Can corporations use PhonePe to pay their Revenue Tax?
Definitely, each particular person and enterprise can use PhonePe to pay their Revenue Tax.
5. Who’s the associate of PhonePe to allow this facility?
PhonePe has partnered with digital B2B cost service supplier PayMate to allow revenue tax cost facility on its app.
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