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Paying income tax through HDFC Bank Business Credit Card offers benefits such as instant online challan generation, reduced VAT on cashless transactions, and a tax rebate for online payments. Users can earn up to 4 Reward Points per Rs.150 spent and receive 5% cashback on tax payments, with specific cashback limits based on card type. The process involves logging into the Income Tax portal, selecting the appropriate options, and entering credit card details for payment.

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5 views1 page

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Paying income tax through HDFC Bank Business Credit Card offers benefits such as instant online challan generation, reduced VAT on cashless transactions, and a tax rebate for online payments. Users can earn up to 4 Reward Points per Rs.150 spent and receive 5% cashback on tax payments, with specific cashback limits based on card type. The process involves logging into the Income Tax portal, selecting the appropriate options, and entering credit card details for payment.

Uploaded by

charanjai143
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Benefits on Paying Income Tax through your HDFC Bank Business Credit Card:

• Paying income tax through HDFC Bank Business Credit Card will allow to file a challan online
and get an instant fund transfer acknowledgement.
• Easy access for Tax challan. Online challan can be produced and downloaded for future
references.
• Reduction in VAT ranging from 1% to 2% is granted to Credit Card holders on cashless/online
transactions.
• The Government of India has announced a tax rebate in case of 50% transactions made
through the online/cashless modes.
• The Government has also reduced the Merchant Discount Rate (MDR) fee that is charged by
banks for paying through a Credit Card to encourage payment using Credit Cards.
• ‘PayGov India’ - an integrated payment gateway has launched by the Government for online
tax payment. This includes the option of paying taxes through a Credit Card.

• Reward Points benefits – Earn up to 4 Reward Points on every Rs.150 spent for online tax
payment. Reward Points will be credited as per product feature of your HDFC Bank Business
Credit Card.

• Cashback benefits - 5% cashback on paying taxes using your HDFC Bank Business Credit
Card.

Business Credit Card Minimum Total Card Spends Maximum Cashback per
per Month Month Statement
Business Moneyback Rs. 10,000 Rs. 250
CSC Business Moneyback Rs. 10,000 Rs. 250
Business Regalia Rs. 20,000 Rs. 500
Business Regalia First Rs. 15,000 Rs. 500
(Applicable only in 1st year from card issuance.)

How to pay tax using your HDFC Bank Business Credit Card?

Login to Income Click on E-file Choose


Tax portal and E-Pay Tax. assessment year
& select type of
https://eportal.inc Choose Income payment as
ometax.gov.in/ Tax and Proceed Advance Tax

Select Credit
Choose Payment
Cards & enter Enter tax details
Gateway, select
HDFC Business and proceed to
any Bank from
Credit Card payment
the list
details

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