PhonePe, a digital payments platform, has teamed up with PayMate, a digital B2B payments provider, to enable users to pay income tax returns on the PhonePe app.
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The new feature allows individuals and businesses to pay self-assessment and advance tax directly from the PhonePe app, streamlining the tax payment process.
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PhonePe aims to simplify tax payments, offering users a convenient and secure way to fulfill their tax obligations without the need to log in to the tax portal.
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Users can pay taxes using the PhonePe app by selecting the Income Tax option, providing necessary details, and making the payment using credit cards or UPI.
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Paying taxes with a credit card through PhonePe comes with advantages such as a 45-day interest-free period and the potential to earn reward points, depending on the user's bank
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The income tax department has started sending refunds to eligible taxpayers who have already filed their ITRs for the assessment year 2022-23.
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The deadline for filing income tax returns for the assessment year 2022-23 is Sunday, July 31, and there won't be any extensions, so taxpayers need to ensure timely submission to avoid penalties.
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