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The government of India has established a simplified and user-friendly online income tax payment service.
This guide provides a step-by-step overview of the process for paying your taxes through the government income tax portal and directly via your HSBC account.
For salaried individuals, taxes are typically deducted at source (TDS) by employers. However, if you're self-employed or have an income beyond salary (such as rental income), you may need extra tax payments. Filing your tax returns is the key to knowing your tax liability or eligibility for a refund.
Non-resident Indians (NRIs) are taxed only on income earned within India. To learn more, read Understanding NRI income tax rules.
Before paying, you'll want to calculate your tax liability. Online tax payments can then be made through Personal Internet Banking, or by credit or debit cards.
Follow these steps to begin filing your income tax returns online:
Security measures:
If you're an HSBC customer with online banking access, you can directly pay different types of taxes online through your account.
Before you begin, make sure you also have a valid PAN and mobile number registered with us. Then:
Keep the challan for future reference and potential enquiries from the Income Tax Department.
If you're an HSBC customer with online banking access, you can directly pay your income tax through your account.
With online tax payments, you can be sure your taxes will be paid on time. Here are 4 more benefits to paying online:
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This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute tax or investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any product / investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorised HSBC to use such information provided by them.
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