Launch · Financial Services
PhonePe launches tax filing feature in app
By Startup Enthusiast ·
- Date
- Company
- PhonePe
- What it does
- Digital payments and financial services platform
- Kind
- Launch
- Sector
- Financial Services
What they do
PhonePe is a digital payments and financial services platform used by one in three Indians
What happened
It launched a tax filing feature for ITR and GST, co-developed with TaxBuddy, starting at Rs 24
Why it matters
The move adds tax compliance to PhonePe's existing suite of lending, insurance, and investment services
The details
- PhonePe launched a Tax Filing feature for ITR (income tax return) and GST (goods and services tax) filing within its app.
- The feature was co-developed with TaxBuddy, a digital tax compliance platform.
- Self-filing of returns starts at Rs 24.
- Expert-assisted tax filing plans are also available.
- Monthly GST filing is offered for small merchants.
- PhonePe already offers lending, insurance distribution, stock broking, mutual funds, and an app store.
The bigger picture
- PhonePe is expanding its financial services beyond payments and investments into tax compliance.
- The partnership with TaxBuddy lets PhonePe offer tax filing without building the expertise in-house.
- Adding tax filing could increase user engagement and stickiness on the platform.
About the business
- PhonePe is a UPI payments and financial services platform.
- It offers UPI Lite, Credit Line on UPI, RuPay CC on UPI, Split Expenses, Gift Cards, and UPI Circle.
- PhonePe International enables UPI payments in Singapore, UAE, Nepal, Sri Lanka, Bhutan, and Mauritius.
- Users can buy gold from Rs 5, start a Gold SIP from Rs 100, and contribute to NPS.
- PhonePe provides offline merchant solutions (POS, partner program) and online payment gateway, payment aggregator, and payment links.
- It offers merchant lending and PhonePe Ads.
- PhonePe has co-branded credit cards: PhonePe SBI Card, PhonePe HDFC Bank Credit Cards, and Wish Credit Card.
- PhonePe Pulse tracks transaction data across India.
- PhonePe claims one in three Indians uses the app.
The deal
- Type
- launch
Founders
- Sameer Nigam, Founder
- Rahul Chari, Founder
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- PhonePe adds 20,000 staff to push rural payments24 September 2026 · Launch
- PhonePe revives IPO plans, targets March 2027 listing12 September 2026 · IPO
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- PhonePe shuts US office, gets UAE licence11 September 2026 · Shutdown
- PhonePe launches UPI 123Pay for feature phone users31 August 2026 · Launch
- PhonePe partners with DPIIT and MeitY for growth20 August 2026 · Partnership
- PhonePe details AI strategy and UPI dominance15 August 2026 · Analysis
- PhonePe files draft prospectus ahead of public listing12 August 2026 · IPO
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