HDFC Bank Hit with Tax Penalties Totaling ₹45,000; Contemplates Legal Action Aug. 27, 2024, 11:09 p.m. HDFC Bank has been penalised by various tax authorities for alleged tax violations.A penalty of Rs. 44,888 has been imposed by the Assistant Commissioner of State Tax, Tamil Nadu for… Unlock the Full Filing And Lot More Access premium insights and stay ahead of the market with Dzambhala Pro. Learn More