Advance tax using super premium cards

[FinGuru]

Hi,

Those with a tax liability may pay income tax on or before June 15 using their credit card by paying a nominal PG fee of 0.47%.

The tax payment link can be found here https://eportal.incometax.gov.in/iec/foservices/#/e-pay-tax-prelogin/user-details

Select Canara Bank PG

Please note

1. Magnus users can rejoice as one would get regular and milestone reward points on income tax payments.
2. DCB/Infinia users may avoid this as they won't get any reward points. However, the spends will be counted for milestone spends for fee reversal.
3. SCB ultimate users will get reward points.
4. Amex cards can't be used.

 

[Harry1]

Has canara bank increased charges? On payment page, it is showing 0.9% + gst to me.

 

[mojo_jojo123]

L lag gaye

 

[sid16]

There is also an approximate 0.25% of savings account interest you get for making payment after 30 days on an average. So as long as you get this as well as some reward points for making tax payment, it is good. If Axis really stops this, I'll have to go for Standard Chartered Ultimate credit card.

 

[sid16]

And what about Rupay CC using UPI? Does that work without charges?

 

[rtgdk]

Just paid tax with HDFC Payment Gateway via Axis Magnus without any extra charges. Hopefully, points get credited now and this counts in milestone benefit.

 

[Harry1]

Just paid tax with HDFC Payment Gateway via Axis Magnus without any extra charges. Hopefully, points get credited now and this counts in milestone benefit.

Hdfc gateway doesn't show charges in OTP page. Check statement after settlement.

 

[Akashgore10]

Hdfc gateway doesn't show charges in OTP page. Check statement after settlement.

Can someone verify this. Also which payment gateway is best to pay tax, as Canara is also charging 0.9% now

 

[VS21]

Hdfc gateway doesn't show charges in OTP page. Check statement after settlement.

This is correct, gateway charge reflected in statement few days after tax payment using HDFC gateway.
Canara gateway shows the charges upfront during tax payment.

 

[sid16]

Just paid tax with HDFC Payment Gateway via Axis Magnus without any extra charges. Hopefully, points get credited now and this counts in milestone benefit.

I had also used HDFC gateway before. In your statement it will add charges of around 0.85/0.9% + GST(18%).

Like you, even I delighted. But alas, they won't do it for free.

 

[Reward Hunter]

If you paying 100,000 advance tax, you will get 6000 reward points or 5000 vistara miles. Milestone will come after 90-120 days Or so.

 

[mojo_jojo123]

If you paying 100,000 advance tax, you will get 6000 reward points or 5000 vistara miles. Milestone will come after 90-120 days Or so.

via mangus .. till devaluation don't happen

 

[Vipul07]

Canara bank PG charges in description says 0.47% however, it applies 0.91% during CC transaction (trying with Magnus)

What am I missing ?

 

[CARDBITRAGE]

What am I missing ?

Yes, it recently increased. The fees are in line with other gateways now.

 

[VS21]

Canara bank PG charges in description says 0.47% however, it applies 0.91% during CC transaction (trying with Magnus)

What am I missing ?

I observed the same with canara.
So, paid instead through HDFC gateway recently (0.80%).

 

[Harry1]

Yes, it recently increased. The fees are in line with other gateways now.

Use kotak or hdfc, both are 0.8% +gst. Kotak is safer, as it shows charges on OTP page. Hdfc will charge directly in statement.

 

[CARDBITRAGE]

Use kotak or hdfc, both are 0.8% +gst. Kotak is safer, as it shows charges on OTP page. Hdfc will charge directly in statement.

Which is the same. HDFC just shows the fees after settlement, so should not matter. I am inclined more towards HDFC.

 

[Harry1]

Which is the same. HDFC just shows the fees after settlement, so should not matter. I am inclined more towards HDFC.

The problem with hdfc is if they change charges like canara without updating documents, u won't know.

In kotak, u can see it easily.

 

[Crusader4Credit]

So Tax payment should accrue points and milestone on Magnus till 1st Sep, right? Which is the best now, Canara or Kotak or HDFC?
Also has anybody used DCB? Does it give points and milestone ?

 

[CARDBITRAGE]

So Tax payment should accrue points and milestone on Magnus till 1st Sep, right? Which is the best now, Canara or Kotak or HDFC?
Also has anybody used DCB? Does it give points and milestone ?

Everything is pretty much on par now. I will use HDFC going forward. HDFC will show the charges once the payment is settled. But if you want to be sure about the charges, you can use Kotak gateway.

 

[fageriaji]

Hi,

Those with a tax liability may pay income tax on or before June 15 using their credit card by paying a nominal PG fee of 0.47%.

The tax payment link can be found here https://eportal.incometax.gov.in/iec/foservices/#/e-pay-tax-prelogin/user-details

Select Canara Bank PG

Please note

1. Magnus users can rejoice as one would get regular and milestone reward points on income tax payments.
2. DCB/Infinia users may avoid this as they won't get any reward points. However, the spends will be counted for milestone spends for fee reversal.
3. SCB ultimate users will get reward points.
4. Amex cards can't be used.

Is it accept AMEX card ?