HDB (HDFC Bank) Tax Rate %: 20.38% (As of Mar. 2025)

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HDB HDFC Bank Ltd HDB
40 GF Score
Price $26.41
GF Value $31.60
Valuation Modestly Undervalued
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What is HDFC Bank Tax Rate %?

HDFC Bank HDB -0.38% 40 Tax Rate % is 20.38% as of Mar. 2025. GuruFocus rates HDB with a GF Score™ of 40/100 and a GF Value™ of $31.60 (Modestly Undervalued).

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. HDFC Bank's Tax Expense for the six months ended in Mar. 2025 was $1,005 Mil. HDFC Bank's Pre-Tax Income for the six months ended in Mar. 2025 was $4,930 Mil. Therefore, HDFC Bank's Tax Rate % for the quarter that ended in Mar. 2025 was 20.38%.

HDFC Bank Tax Rate % Related Terms

HDFC Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for HDFC Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HDFC Bank Tax Rate % Chart

HDFC Bank Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.88 25.53 25.08 11.03 20.31

HDFC Bank Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.71 19.04 4.75 20.25 20.38
HDB
40GF Score
HDFC Bank Ltd HDB
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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HDFC Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

HDFC Bank's Tax Rate % for the fiscal year that ended in Mar. 2025 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2025 )/Pre-Tax Income (A: Mar. 2025 )
=2022.793/9957.608
=20.31 %

HDFC Bank's Tax Rate % for the quarter that ended in Mar. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2025 )/Pre-Tax Income (Q: Mar. 2025 )
=1004.562/4930.263
=20.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 20.38% mean?
HDFC Bank (HDB) has a Tax Rate % of 20.38% as of Mar. 2025.
Is HDFC Bank's Tax Rate % too high?
HDFC Bank's current Tax Rate % is 20.38%. Overall, HDFC Bank has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's Tax Rate % compare to PNC and USB?
HDFC Bank's Tax Rate % of 20.38% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. HDFC Bank's current Tax Rate % is 20.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Bank stock overvalued right now?
Based on GuruFocus' analysis, HDFC Bank (HDB) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.60, compared to a current price of $26.41 — trading 16.4% below its estimated fair value. The current Tax Rate % is 20.38%. HDFC Bank's overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For HDFC Bank (HDB), the current Tax Rate % is 20.38% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HDFC Bank (HDB) Overvalued in 2026?

Based on GuruFocus' analysis, HDFC Bank stock appears to be undervalued. The current stock price of $26.41 is trading 16.4% below its estimated GF Value™ of $31.60. GuruFocus considers HDFC Bank to be Modestly Undervalued.

Key valuation signals for HDB:

  • Tax Rate %: 20.38%
  • GF Value™: $31.60 vs. price of $26.41 (16.4% below fair value)
  • GF Score™: 40/100

No single metric tells the full story. See the HDB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HDFC Bank Business Description

Address Senapati Bapat Marg, HDFC Bank House, Lower Parel (West), Mumbai, MH, IND, 400013
HDFC Bank Ltd is an Indian bank. It operates in the following segments: Treasury, Retail banking, Wholesale banking, and Other banking business. The maximum revenue for the company is generated from its Retail banking segment, which serves retail customers through its branch network and other channels. This segment raises customer deposits and provides loans and other services to customers using different product groups. Its other operations include providing wholesale banking services to corporates, government entities, and other enterprises, generating income from its treasury operations, and performing para-banking activities such as offering credit cards, debit cards, etc. Geographically, the company generates a majority of its revenue from its operations in India.
40GF Score

Get the complete analysis for HDB

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.41
Price
$31.60
GF Value