This story was originally published by NewsMeter, and republished by The Probe as part of the Shakti Collective.
Claim: A 1.1% tax will be levied on UPI transactions over Rs 2,000 starting April 1, 2025.
Fact: The claim is false. The 1.1% tax applies only to PPI merchant transactions, not to bank-to-bank money transfers.
Hyderabad: UPI (Unified Payments Interface) has slowly become one of India's most commonly used payment options. However, a post claiming that from April 1, 2025, a 1.1 per cent tax will be levied on such transactions is going viral.
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An X user shared the claim on social media and wrote, “From April 1, if you transfer an amount above Rs 2,000 through Google Pay, Phone Pay or any other UPI, a 1.1 per cent tax will be levied. For example, if you send Rs 10,000 to someone, Rs 110 will be deducted as tax.” (Translated from Telugu) (Archive)
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