What Is GST on Financial Services?

The 18% tax added to bank and card fees and charges, but not to interest.

Tax

Card annual fees, late fees, processing fees, forex markup and most bank charges carry 18% GST. Interest on loans and cards does not, except the interest part of a card EMI conversion.

When comparing costs, add 18% to any fee that is quoted without GST.

Example

A ₹499 annual fee costs ₹589 with GST.

GST calculator

Tax

Guides in Plain Words

Short reads that explain how it works before you decide.

All Tax guides

Tax15 Oct 2026 · 6 min readOld vs New Tax Regime for FY 2026-27: Three Salaries, Worked OutThe new tax regime is now the default, and for most salaried people it is also cheaper. Here is the arithmetic for salaries of Rs 12 lakh, Rs 20 lakh and Rs 30 lakh, and the one question that tells you when the old regime still wins.Read the guide →

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