All You Want to Know About UPI Unified Payment Interface App

Finance Guru Speaks: This article will provide you details about revolutionary RBI's Banking App, called UPI or Unified Payment Interface. Gone are the days of using your Smartphone just for selfies, browsing, video chatting etc. Now you can use your Smartphones as your Mobile Bank at ease. So you can have Banking system in your Pocket!

RBI (Reserve Bank of India) has launched futuristic online payments solution - Unified Payment Interface. It is the advanced version of IMPS (Immediate Payment Service) funds transfer service.

RBI UPI - Unified Payment Interface

No need to download multiple Banks Apps. With UPI, you need to download only one App. This interface will group all the banks together and you can make transactions using this single App.

To download it from Playstore, you need to wait for next couple of months. I will share the download link, once it is available. Watch out this blog for more details!

How does it work?

If you want to buy a product from an online merchant, say Amazon using your smartphone, you will have to give your virtual address like 9876538789@hdfc and money will be requested by the merchant from it. You just need to provide your username and password to complete the transaction.

UPI - Make Payments and Send-Receive Money

How To Pay Income Tax Online In India?

Finance Guru Speaks: This article will provide information on how you can pay your direct Income Tax using Online facility provided by Income Tax department. This article is meant for Individual Tax Payers.

Below are the steps to be followed:-

1. Open TIN (Tax Information Network) website by clicking here.

2. Click on "e-payment : Pay Taxes Online" link, as shown below:

Click to enlarge - e-payment Pay Taxes Online

3. Now, click on "Click to pay tax online" link, as shown below:

Click to enlarge - Pay Income Tax Online

 4. Click on "CHALLAN NO./ITNS 280" link, as shown below:

Challan 280

5. Fill in the details after providing your PAN No. in the below screen:

  
Individual Tax Payers: Select/Fill the options as shown in the screen for paying the Direct Income Tax for FY 2014-15 (i.e. AY 2015-16)

Click to enlarge -  Pay Income Tax Online Form

Select the Bank through which you want to pay the income tax using Internet Banking facility. Then click on "Proceed" button which is given at the bottom of the above page.