Pay club membership payment online at Bajaj Finserv
Clubs and associations are an integral part of the urban lifestyle as they cater to the entertainment and recreational needs of the masses. From literary groups to country clubs, a modern setup has numerous such establishments bringing people together. Even gyms are coming up in large numbers to fulfil the fitness requirements of the health-conscious population.
While you can spend your leisure time at these clubs, you should make club membership payments in a timely manner. You can pay this membership fee online using Bajaj Finserv’s BBPS (Bharat Bill Payment System) platform quickly and safely. Furthermore, you may also score discounts by paying your country club membership fee online via the BBPS platform.
Other popular recharges, utilities, and bills payments
Features and Benefits of BBPS
Zero transaction fee
Make payments with zero processing fees or hidden charges
Multiple payment channels
Choose your preferred mode of payment from a wide variety of available options
Pay seamlessly, from anywhere, at any point in time
Receive instant bill receipts and transaction IDs for all your successful payments
How to pay club and gym membership fees at Bajaj Finserv
Follow these steps to pay your gym membership fees or make your club membership payment by using Bajaj Finserv’s BBPS platform:
- 1 Go to Bajaj Finserv’s BBPS login page
- 2 Enter your name as mentioned on your PAN card
- 3 Enter your mobile number and click on ‘Generate OTP’
- 4 Fill in the OTP and click on ‘SUBMIT OTP’
- 5 Under the ‘UTILITIES AND BILL’ category, choose ‘CLUBS AND ASSOCIATIONS’
- 6 Choose your club from the drop-down menu
- 7 Enter your membership number
- 8 Click on ‘PROCEED’
- 9 Pay using your credit card, debit card, net banking, or UPI ID
Fees and Charges
The Bajaj Finserv's Bharat Bill Payment System does not charge any fee for transactions made through the BBPS platform.
Frequently asked questions on clubs and associations payment online
Clubs and associations need to maintain a detailed account of their income and expenditure to file their taxes. If you lack financial knowledge and expertise, a club owner cannot cater to such mandatory requirements. Therefore, an accountant is a must in a club or gym who keeps the bank statement updated. Additionally, the members should pay their country club membership costs regularly, while the club owner should keep the members informed about the state of expenses during regular meetings. Through these methods, you can maintain an account of finances at associations.
Yes, Goods and Services Tax (GST) applies to clubs, and this rule came into effect in 2017. The GST is levied on country club membership prices or the fee for joining a club.
You can pay your city club’s membership cost online on Bajaj Finserv’s BBPS platform by following these steps:
- Head over to the BBPS login page
- Enter your name (as printed on your PAN card) and mobile number
- Click on ‘GENERATE OTP’
- Fill in the one-time password and click on ‘SUBMIT OTP’
- Under the ‘BILLS AND RECHARGES’ section, choose ‘CLUBS AND ASSOCIATIONS’
- Choose your club or gym from the drop-down menu
- Enter your membership number and other required details
- Click on ‘PROCEED’
- Choose your preferred payment mode–credit card, debit card, net banking, or UPI ID
As per the Income Tax Act, a club is an entity offering different services and facilities. For instance, a gym falls under the category of a health club that extends facilities to the people to stay fit in exchange for gym membership fees.
The primary difference between a club and an association is that the former is a profit-making, formal institution. However, an association is a less formal entity that exists for mutual gains and is not driven by profit-making objectives.
People with similar interests, occupations, and hobbies join hands to socialise and organise activities by forming a social club. Literary clubs, country clubs, fishing clubs etc. are all examples of social clubs.
When a club’s expenditures are directed towards its business, those transactions become eligible for tax deductions. However, club expenses for individual interests are included when filing yearly income tax.
To become a part of a club or an association, you need to pay fees at regular intervals (membership dues). Without paying the gym membership cost or the country club membership fee, you cannot use their various facilities or be considered a member.
Golf membership can be a part of deductible expenditure if it is linked with business activities.