In case you nonetheless haven’t filed your ITR and need to pay your taxes seamlessly. PhonePe has launched the ‘Revenue Tax Fee’ characteristic on its app, simplifying the tax fee expertise for taxpayers.
This newest characteristic permits each people and companies to pay self-assessment and advance tax straight from throughout the PhonePe app, eliminating the necessity for customers to log in to the tax portal.
The partnership with PayMate, a famend digital B2B funds and repair supplier, permits PhonePe to supply this handy tax fee choice to its customers. With the ‘Revenue Tax Fee’ characteristic, customers can choose their most well-liked mode of fee, selecting between bank cards or UPI for the transaction.
The usage of bank cards for tax funds comes with a further profit – customers can get pleasure from a 45-day interest-free interval on the transaction, offering added flexibility for managing their funds. Furthermore, relying on the consumer’s financial institution, they could additionally earn reward factors on their tax funds, including worth to their monetary transactions.
After finishing the tax fee by the PhonePe app, taxpayers will obtain a Distinctive Transaction Reference (UTR) quantity as an acknowledgment inside one working day. The challan for the tax fee will even be made out there inside two working days, guaranteeing a seamless and environment friendly expertise for customers.
Niharika Saigal, Head of Invoice Funds and Recharge Enterprise at PhonePe, expressed her pleasure concerning the launch of the ‘Revenue Tax Fee’ characteristic, stating that the corporate is repeatedly striving to boost its choices to fulfill the evolving wants of its customers. She believes that this characteristic will simplify the usually advanced and time-consuming activity of paying taxes, offering customers with a hassle-free and safe strategy to fulfil their tax obligations.
Ajay Adiseshan, Founder and CEO, PayMate stated, “We’re delighted to collaborate with PhonePe because it offers PayMate entry to a brand new goal section of shoppers and small and medium-sized companies. This partnership offers them with the comfort of constructing direct tax funds comparable to advance tax, earnings tax, and extra. This is just one instance of how we leverage our API stack to supply revolutionary options, addressing the wants of underserved markets.”
The PhonePe app permits customers to finish their tax funds in simply three easy steps. After opening the app and tapping on the ‘Revenue Tax’ icon on the homepage, customers can choose the kind of tax they want to pay, the evaluation yr, and supply their PAN card particulars. Lastly, customers have to enter the whole tax quantity and select their most well-liked mode of fee to finish the transaction efficiently.
With the ‘Revenue Tax Fee’ characteristic now out there on the PhonePe app, taxpayers can look ahead to a seamless, environment friendly, and safe tax fee expertise. Whether or not people or companies, customers can depend on PhonePe and PayMate’s collaboration to simplify their tax fee course of.