Is High Amount/Number of Paytm UPI Offer Transactions can cause any issue like Income Tax? – Full Explaination

Is High Amount or High Number of Paytm UPI Offer Transactions can cause any issue like Income Tax? – Full Explaination by Yashveer Arya. Today, we will clear doubts regarding the “Income Tax” for those who are Involved in High amount + High number of Paytm UPI Transactions. So Read this Full Post to understand about Taxes

Is High amount or High Number of Paytm UPI Transactions can cause any issue Like Income tax?

These Days, Many of our users ask us about “Any issue with Income Tax if we do High amount of UPI Transactions !!

Paytm UPi Income Tax problem

1. If you are a Student or Self Employed or Both (like me ?? ), Then There is No issue (we will explain you “Why no issue for Student/Self employed“).

2. First of all, You should understand the meaning of Income Tax – Income Tax means “The Tax” you have pay on your Profit (For Example (Student/Self employeed):– If you have 1 Credit transaction worth 5 lakh and 1 debit transaction worth Rs 4 in an Financial year, So you have Made around 1 Lakh Profit? Then You don’t have to Pay any Tax since Your Income is Less than 3 Lakhs.

3. So in point no.2 we have explained You, Number of transactions doesn’t matter instead Income (Profit) matter for Income Tax, If you have earned more than 3 lakh then you can Calculate Tax on your Total income through Income Tax Calculator

4. So Everything is Clear for Students and as well as Self Employed (which is majority of our blog). Now we suggest Salary employees to not to Participate in this offer as they are Totally different than us.

UPI Transaction Offers:-

1. Paytm – Send Money via @Paytm UPI and Get Assured Rs 1000 Cashback

2. (Loot) Paytm – Get Rs 100 Cashback on doing 10 UPI Transfer of Rs 10000 Each (3 Times)

3. (Loot) Paytm – Get Rs 70 Cashback on doing 7 UPI Transfer of Rs 5000 each (All users)

4. Paytm – Get Rs 50 Cashback on doing 100 UPI Transaction

5. Mobikwik – Get upto Rs 1500 Cashback on Making 25 UPI Transfer

Frequently asked Questions:-

1. Should i have to File an ITR because of My High number of Transactions?

Ans:- Bank Sent your Details to Income Tax when your bank balance reach more than 10 Lakhs or may be transactions. So better to not to File an ITR and manage accordingly.

2. Bank calls me to ask about my Transactions and asking for Explaination on these Transaction. Any issue?

Ans:- No, Tell them what you are doing. Its bank work to verify details with you, Sometime they ask you to open Current account (if you are Self employeed and want to continue high number of transactions.). I have recieved call from ICICI as well as Indusind bank because of huge number of transactions (CryptoCurrency Trading).


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28 thoughts on “Is High Amount/Number of Paytm UPI Offer Transactions can cause any issue like Income Tax? – Full Explaination

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  2. Avatar
    Subhash says:

    भाई मुझे सैलरी मिलती है और मैं इनकम टेक्स भी भरता हूं और 10000-₹10000 की ट्रांजैक्शन कर रहा हूं लास्ट में मेरे अकाउंट में 20000 हजार रुपए ही बचते हैं तो क्या मेरे टैक्स लगेगा आपने स्टूडेंट्स का तो बता दिया सैलरी वालों की ट्रिक नहीं बताई

    • Yashveer Arya
      Yashveer Arya says:

      No knowledge for Salary employees. I am student as well as Self employed. So i shared my information with all of you !!

    • Avatar
      Deepak sharma says:

      I work in PNB bank…And ask my senior team for this.. bank have no problem with these translation until your available balance is 10 lac at a moment .

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    • Yashveer Arya
      Yashveer Arya says:

      Each coin is depend on Bitcoin. If Bitcoin increase other coins will increase automatically, If bitcoin down other coins will down too.

      I suggest you to Not to invest without Full knowledge. Also RBi Ban is coming on 5th July, So Stay away!

  6. Avatar
    • Yashveer Arya
      Yashveer Arya says:

      Wo toh Tum logo ko hua hai ??

      I am already out of Market before Each crash. Now only doing Arbitrage only (Earning from difference).

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    anirudh says:

    For salaried employee..
    You have to pay taxes only on your income… transferring your money in between your own accounts is not an might have to explain this to income tax department if you are asked for more details from them..if you don’t then they will keep it under the type- income from other sources.

    If you give explanation then you don’t have to pay any tax ..on transferring money in between your own bank accounts

    • Yashveer Arya
      Yashveer Arya says:

      Yes.. Why give a lot of explainations just for Rs 300 ??

      Better to avoid or use Family member Paytm account.

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    Manish says:

    Yashveer Bhai, a word of advice for all.. Nowadays, Paytm Payments Bank UPI Transactions are leading to money loss. Their pathetic CS is not helping. Approached on Twitter to Paytm Bank but no solution. I did 100 Rs transaction on 21 June18 from @birla linked with my Paytm Bank to @birla id also, linked with another Paytm Bank account. The transaction failed but money deducted from my account not credited to receiver. Approached @birla CS, they say contact ur bank. Paytm bank statement not showing @birla transactions correctly. Contacted Paytm Bank via app, twitter but still no resolution as on 29 June 2018. Another, Did transaction of Rs102 on 28 June from @paytm to @paytm, transaction successful, money deducted but not credited to receiver, contacted CS via twitter and app but no refund as on 29 June18. I have lost 102+100 Rs 202, if you have any solution Plz let me know.

    • Yashveer Arya
      Yashveer Arya says:

      Yes.. Your Money is always yours.. Please sent an (Well written Explained email) to Paytm Nodal Officer.

      Nodal Officer
      Shri Rohan Lakhaiyar
      Paytm Payments Bank Limited,
      B-121, Sector 5,
      Noida, Uttar Pradesh-201301
      Email :

      You will recieve your Solution in next 7 days for sure. If Problem is not solved within 30 days, You can fill RBI banking ombudsman online form where you will recieve your money+ compensation (if eligible).

      • Avatar
        Manish says:

        Bro, Got money back after call with Paytm CS for @paytm To @paytm transaction. But still no track of @birla(Paytm Bank) to @birla(Paytm Bank) money. Approached UPI_NPCI via twitter, they say will update you as soon as some information is received. Bro, Amazing thing is that for @birla transaction, UPI reference ID doesn’t exist in Paytm Bank statement database. So, Shall i go for nodal officer email but they might say, transaction data and date doesn’t exist. Thee what will i do ? I am just clueless how and when i will get my 100 Rs back. Waiting for miracles, as have exam ahead in next month so cant waste too much time on follow ups…. 🙁

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    HARSH says:

    lol i am laughing, just for some cashback people doing hundred of UPI txn. lol. they can earn far more if they use their brain at good thing. Ye halat he young indian citizen ka

    • Yashveer Arya
      Yashveer Arya says:

      For your information, Many good brain peoples are Jobless and will be more in future.

      By the way, Most of our users are student only, So they (All) will not become IAS Officer if they didn’t complete this offer.

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    Rik says:

    I’m am a students…. I did a lot of upi transection using paytm payment account.. Total credit in last two months is about 18 Lc, and also total debit is almost equal to the total credit amount. Will i get income tax notice ???

    Please answer soon…. I did …then what to do ??

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    Abbas says:

    Hello bro I have two Paytm bank accounts can I transfer money through my Two bank accounts? Is any income tax problem will come Because for one day it will come 2500 for one Month 75000 it wil. Come so tell me can I do more transactions or to avoid it.

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