Fintech

PhonePe Introduces ‘Income Tax Payment’ Feature for Easy Tax Payments

• ByStartupStory     |    July 24, 2023

PhonePe, India’s leading digital payment platform, is delighted to announce the launch of its new feature, ‘Income Tax Payment,’ on its app. With this feature, individuals and businesses can conveniently pay their self-assessment and advance tax directly from the PhonePe app. The company has collaborated with PayMate, a renowned B2B payments service provider, to offer this seamless and user-friendly feature.

The ‘Income Tax Payment’ feature allows users to make tax payments using either their credit card or UPI, providing them with flexible payment options. Recognizing that paying taxes can often be a complex and time-consuming task, PhonePe aims to provide its users with a hassle-free and secure way to fulfill their tax obligations.

Niharika Saigal, the head of bill payments and recharge business at PhonePe, stated in a press release, “Paying taxes can often be a complex and time-consuming task, and PhonePe is now offering its users a hassle-free and secure way to fulfil their tax obligations

Furthermore, PhonePe’s commitment to enhancing the digital payment experience aligns with its mission to simplify financial transactions for millions of Indians. By introducing the ‘Income Tax Payment’ feature, PhonePe aims to contribute to the nation’s digital transformation by providing an integrated platform for a wide range of financial activities.

 

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