Enjoy the convenience of Online tax payment
The process of income tax payment has become easier. Now you can pay your taxes on time and securely from your HSBC account.
Please go through the details to avoid mistakes while paying taxes online.
Benefits of Online Tax Payment
- You can instantly transfer funds from the account
- You can pay taxes from anywhere 24 x 7 using net banking
- Transaction ID of the payment will be available on the bank account
Types of taxes you can pay online
You can now make online payment for Challan number/ITNS (Income Tax New Series) 280 and 281 (0021) to non-company deductees and TDS (Tax Deducted at Source)/TCS (Tax Collected at Source) for your income tax, advance tax, self assessment tax or property tax online through HSBC.
Tax payment for Challan number / ITNS (Income Tax New Series) 280 (0021) Non-company deductees
(100) Advance tax
(300) Self-assessment tax
(400) Tax on regular assessment
Challan number / ITNS 281 (0021) Non-company deductees
(200) TDS (Tax Deducted at Source) / TCS (Tax Collected at Source) payable by tax payer
(400) TDS / TCS regular assessment (raised by your company's I.T. department)
Nature of payments for Challan number 281
(193) Interest on Securities
(195) Other sums payable to a non-resident
(4BB) Winning from Horse race
(4EE) Payments in respect of Deposits under National Saving Schemes
(4LA) Payment of Compensation on Acquisition of Certain Immovable property
(4LB) Income by way of interest from infrastructure debt fund payable to a non-resident
(4LC) Income by way of interest from specified company payable to a non-resident
(6CA) Alcoholic liquor for human consumption
(6CB) Timber obtained under forest lease
(6CC) Timber obtained other than forest lease
(6CD) Any other forest produce not being timber or tendu leaves
(6CF) Parking Lot
(6CG) Toll Plaza
(6CH) Mining and Quarrying
(6CI) Tendu Leaves
(92A) Payment to Govt. Employees other than Union Govt. employees
(92B) Payment of Employees other than Govt. Employees
(94A) Interest other than Interest on Securities
(94B) Winning from lotteries and crossword puzzles
(94C) Payment of contractors and sub-contractors
(94D) Insurance commission
(94E) Payments to non-resident Sportsmen/Sport Associations
(94F) Payments on account of Re-purchase of Units by Mutual Funds of UTI
(94G) Commission,prize etc. on sale of Lottery tickets
(94H) Commission or Brokerage
(94J) Fees for Professional or Technical Services
(94K) Income Payable to a resident assesse in respect of units of a specified Mutual Fund or of the Units of the UTI
(94L) Payment of Compensation on Acquisition of Certain Immovable property
(96A) Income in respect of Units of non-residents
(96B) Payments in respect of Units to an Offshore Fund
(96C) Income from foreign currency Bonds or Shares of Indian company payable to a non-resident
(96D) Income of Foreign Institutional investors from securities
How to Pay Tax Online
Confirm the payment. You'll then be redirected to the 'Confirmation' page. Once we validate the payment, we'll send you the challan / tax payment receipt via email within 2-3 working days.
Things You Should Know While Making Online Tax Payments
You can make online tax payments if you:
- have an HSBC India current or savings account
- are registered for online banking
- have a valid PAN (Permanent Account Number)
- have a valid mobile number registered with us, so you can receive a One Time Password
Start paying your taxes online now
Frequently Asked Questions - Online Tax Payment
How much does it cost to use the HSBC online tax payment service?
Do I have to register for HSBC Tax Payment services?
What are the limits for making online tax payments?
What happens if I have insufficient funds in my account?
What if I haven't received the One Time Password via SMS?
When will I receive the challan receipt?
When should I pay my taxes online?
Why is the date on the challan / tax receipt different from my tax payment date?
What is the daily cut-off for online tax payments?
What can I do if my account has been debited but I haven't received the challan receipt via email?
We can't accept payments with incorrect PAN (Permanent Account Number) / TAN (Tax Deduction Account Number) details.
The PAN card will be validated through NSDL (National Securities Depository Limited). Please make sure you have an active PAN card.
For all tax types with a payment due date, please submit your request at least 2-3 days before the due date to avoid a late payment charge, or interest applied by the Government of India.
Please check the details before submitting your form. The challan will show the details you included on your tax form.
Please make sure you give us the correct email address when you make the tax payment - we'll use this to send you the challan receipt.
Please check the PAN / TAN and holder name before making a payment. The challan receipt will show the same PAN / TAN and name you give us.
HSBC facilitates your direct tax payment through tie-ups with banks authorised by the Government of India to collect tax on behalf of the Central Board of Direct Taxes (the authorised bank).
Tax payments made before 12 noon (12pm IST) will be transferred to the authorised bank on the same working day (day 0). You won't be able to use the online tax payment service after the cut-off time on the same day. This means that payments made after the cut-off time or on a non-working day will be debited from your account immediately, but the challan receipt will be generated by the authorised bank on the next working day (day 1).