New Delhi, July 15(APAC Media): PhonePe has expanded beyond digital payments by introducing in-app Income Tax Return (ITR) and GST return filing, marking its latest push into India’s fast-growing financial services segment. The feature enables users to complete tax-related compliance directly within the PhonePe app without switching to government portals or third-party tax platforms.
Through its partnership with TaxBuddy, PhonePe is now offering self-filing for ITR starting at Rs 24, expert-assisted tax filing for users with complex tax requirements, and monthly GST return filing support for small businesses and merchants. The move is aimed at simplifying tax compliance while bringing another high-frequency financial service into its ecosystem.
For millions of salaried professionals, freelancers and small business owners, tax filing remains an annual task that often requires multiple platforms or professional assistance. By integrating the service within its existing app, PhonePe is attempting to reduce that friction and retain users for a wider range of financial activities beyond payments.
The latest launch also reflects the broader evolution of India’s fintech sector, where digital payment companies are steadily expanding into lending, insurance, investments and wealth management. PhonePe already operates across these segments through products including insurance distribution, lending services, Share.Market for stock broking and mutual funds, and the Indus Appstore. Adding ITR filing and GST compliance further strengthens its position in the personal finance and digital financial services market.
Users can access the feature from the ‘Recharge & Pay Bills’ section of the PhonePe app, select ‘File ITR’ under ‘Utilities and Others’, and choose between self-filing, expert-assisted filing or monthly GST return filing.
