National Pension System: Now save for retirement in NPS, get tax benefit through Paytm Money

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National Pension System (NPS) on Paytm Money: Now NPA subscribers can save for retirement and enjoy tax benefits through Paytm Money. National Pension System (NPS) on Paytm Money: Now NPA subscribers can save for retirement and enjoy tax benefits through Paytm Money. The company said on Tuesday that it added NPS to its platform following approval from the Pension Fund Regulatory and Development Authority (PFRDA). In an official statement, Paytm Money said that the new addition will likely benefit investors by helping them save for their retirement while also enabling tax…

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Paytm may contribute Rs. 500 Cr. to PM CARES Fund

Paytm PM CARES Fund

Digital payment company Paytm has indicated that it is planning to contribute a significant sum of Rs. 500 crores to PM Citizen Assistance and Relief Emergency Situations (CARES) Fund. It is noteworthy that the biggest industrialist of India, Tata has contributed Rs. 500 crores to PM CARES fund. Other than Tata, several other celebrities and industrialists are making their contribution towards the relief fund. The PM CARES Fund is exempt under the Income Tax Act, 1961 under section 10 and 139. The contribution made towards PM CARES fund is also…

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Paytm FASTags for 1 lakh OLA and Uber drivers

Paytm FASTags

Ministry of Road Transport and Highways, in January 2020 made it mandatory for all private and commercial vehicles to have FASTags for payments at toll booths. Paytm, the digital payment services aggressively startup took this opportunity to sell the RFID tags to drivers and vehicle owners all over the country. So far, PayTm is the largest seller of the FASTags, and claims to have sold over 3 million tags.  Paytm Payments Bank (PPB) has recently entered into a strategic partnership with two of the largest ride-hailing companies OLA and Uber…

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