TNPSC Thervupettagam

UPI Limit for Tax Payments

August 13 , 2024 103 days 232 0
  • The Reserve Bank of India announced the UPI tax payment limit increase from the current limit to Rs 5 lakh per transaction.
  • Currently, the transaction limit for UPI is Rs 1 lakh except for certain category of payments which have higher transaction limits.
  • It has now been decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

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