With the growing popularity of UPI for making payments, the limit for direct and indirect tax payments via UPI has been hiked to Rs 5 lakh. Currently, the UPI limit for normal transactions is Rs 1 lakh per transaction. The RBI announced the proposal to hike the UPI limit for tax payments in the monetary policy meeting on August 8, 2024.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.