[ad_1] The Reserve Bank of India (RBI) has allowed the National Payments Corporation of India (NPCI) to revise the transaction limits for Unified Payments Interface (UPI) payments made from individuals to merchants, based on economic needs. Announcing the move, RBI Governor Sanjay Malhotra said NPCI can now revise limits for person-to-merchant (P2M) and merchant-to-merchant (M2M) […]
UPI transaction limit increased to ₹5 lakh for these payments from today – CNBC TV18
[ad_1] Starting September 16, taxpayers in India will benefit from a change in the Unified Payments Interface (UPI) system. The National Payments Corporation of India (NPCI) has announced an increase in the UPI transaction limit for tax payments, raising it from ₹1 lakh to ₹5 lakh per transaction. This update follows an NPCI circular dated […]
Now you can pay up to ₹5 lakh income tax via UPI – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has proposed an increase in the Unified Payments Interface (UPI) limit for tax payments, raising it from ₹1 lakh to ₹5 lakh. The proposed hike will enable taxpayers to settle higher tax dues directly through UPI. Unlike payments made via debit or credit cards, UPI transactions generally do […]