Mastercard and ClearTax joined hands to make it easier for Indian consumers to file their Income Tax Returns (ITR). This collaboration will combine Mastercard’s world-class payment solutions with ClearTax’s streamlined tax filing services, resulting in a safe, convenient, and rewarding experience for taxpayers.
As part of this agreement, taxpayers who use Mastercard-powered credit cards will be able to receive a unique 5% discount on ClearTax ITR Plans by entering the promo code CTBMASTER at checkout. This offer will be active until December 31, 2024.
The Indian government enables income tax payments via credit cards to provide citizens with more convenient taxpaying options and to promote digital payments. Paying income tax online with a credit card can be quick and convenient, allowing cardholders to choose a time that works for them. Credit card payments also provide an electronic record, which makes tracking and referring tax payments simple. Furthermore, cardholders can benefit from financial flexibility by completing their tax obligations even when cash reserves are low.
Vikas Varma, Chief Operating Officer, South Asia at Mastercard, said, “Mastercard is committed to driving digital payments adoption in India. This collaboration with ClearTax will ensure a seamless and rewarding experience for taxpayers, providing them convenience and peace of mind.”
Mastercard credit cardholders benefit from sophisticated built-in security safeguards that make payments safe, secure, and convenient. Mastercard credit cards provide cardholders with everyday value and financial independence through a variety of enhanced digital experiences, unique experiential advantages, and rich reward systems, all while helping to battle fraud and cyber security risks.
Archit Gupta, Founder and CEO, ClearTax, said, “Our mission at ClearTax has always been to simplify financial lives for Indians. By teaming up with Mastercard, we can extend our expertise to a broader audience, helping Mastercard cardholders navigate the complexities of tax filing easily and confidently. This collaboration underscores our commitment to innovation and delivering exceptional user experiences.”
