Income Tax Payment: Now income tax can be deposited in only three steps, new feature came on PhonePe, know the complete steps

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Income Tax Payment: The last date to file income tax is 31 July. As the tax filing date is getting closer. Anyway, the number of taxpayers is increasing. According to the data on the e-filing website of the Income Tax Department, till July 17, 2.88 crore income tax returns have been filed. Now, paying income tax has become easier. Indian digital payment company Phone Pe is now giving people the option of personal and business advance income tax payment. Payment Preferred in India upi The companies also include a phone pay. The taxpayer making the payment through this will not need to login on the portal of the Income Tax Department. For this special feature, the company has partnered with PayMate. PayMate Is a digital B2B service provider company.

Income tax can be paid through credit card or UPI

With the help of this new feature released on PhonePe, any taxpayer can pay tax with the help of credit card or UPI. Interest free amount will be available for 45 days on payment by credit card. Let us tell you that PhonePe does not help its customers to file ITR. It only helps in paying taxes. Taxpayers have to go through another process to file ITR. To pay the tax, open the PhonePe key on your phone. Click on the option ‘Income tax’ given on the app. After this enter the details of tax type, assessment year and PAN card. After this enter the total tax amount, then select the payment mode. Once the payment is made, it will be credited on the tax portal within two working days.

ITR can be filled in 30-40 minutes

Any person should file income tax return by himself (ITR) takes 30 to 40 minutes to do. There is no need to worry too much for this. Let us know those easy steps by which you can easily file tax. First of all go to the website to file income tax. Register or login here with the help of your PAN card. After this, if the taxpayer is salaried, then fill all the details like assessment year, ITR form number, ITR type etc. After this, tell whether you will submit your tax online or offline. If you are salaried then you will get all these details on your Form 16. You can choose the online option to submit the rest. Proceed after filling all the information asked on the site. After this, if you are filing ITR for Individual or for Hindu Undivided Family, or for any firm or partnership firm, inform the Income Tax Department.

There are two categories for filing personal income tax

There are two categories in income tax for filing personal income tax. In this, one category is ITR-1 and the other is ITR-4. If your annual income is less than 50 lakhs, then you can opt to fill these forms. Selection of Farm: These different selections have to be done according to their source of income. Those with ITR-1 option have to fill their personal information, gross total income, tax exemption information, tax filing information, tax liability (calculation is done automatically). Whereas, those with ITR-4 option have to fill disclosures along with all the information mentioned above. Enter Aadhaar based OTP to validate ITR.

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