Phonepe launches new feature to pay income tax

Team Blitz India

NEW DELHI: Digital payments and fintech platform PhonePe on July 25 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, PhonePe said.

The amount will be credited to the tax portal within two working days. “Users can pay taxes by logging into the app and selecting the “income tax” icon. Then, they must select the type of tax to be paid, assessment year and Permanent Account Number (PAN) details. After entering the total tax amount, users will be able to pay using the chosen mode of payment,” PhonePe said in a release.

Taxpayers will receive a Unique Transaction Reference (UTR) number as an acknowledgement within one working day after paying the tax while challan for the payment will be available within two working days, it added.