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.

 

[knowbie]

I wanted to make sure the calculation add up. Hope the below explains how it works for IDFC Wealth. the 6X and 4X are visible in the statement.

 

[mr_vasanth]

So you got remaining 4X ? I'm planning to get IDFC Select, this will be applicable there too albeit with a bit low reward rate of 1/150, right ?

Yes I got remaining 4X when the statement was generated.

 

[MartianManhunter]

I just realized that Amazon pay still offers points for it. Although it'd be only 1%. Can anybody confirm this?

 

[panu24]

I just realized that Amazon pay still offers points for it. Although it'd be only 1%. Can anybody confirm this?

No it does not give cashback.

Income tax payment using credit cards

i ve paid using hdfc tata neu infinity using payth upi, its worked for me

www.technofino.in

 

[MartianManhunter]

No it does not give cashback.

Income tax payment using credit cards

i ve paid using hdfc tata neu infinity using payth upi, its worked for me

www.technofino.in

That's odd. I read its TnC and there wasn't any mention of government spending exclusion. When did you pay it?

 

[panu24]

That's odd. I read its TnC and there wasn't any mention of government spending exclusion. When did you pay it?

 

[Riva]

View attachment 29133

The question is if you got reward points on govt spends. The statement says 0 reward points.
Payment will happen with most cc on the portal.
I don't think any HDFC card gives rewards on govt spends.

 

[panu24]

The question is if you got reward points on govt spends. The statement says 0 reward points.
Payment will happen with most cc on the portal.
I don't think any HDFC card gives rewards on govt spends.

this transaction is about paying tax using Amazon Pay CC.

 

[Riva]

this transaction is about paying tax using Amazon Pay CC.

Oh ok. I misunderstood.
APay also does not give points on IT payments.

 

[Abhishek20]

Salaried persons are not supposed to have income from other sources?!

And your finance team can deduct that from your salary if you declare it.

I guess you can pay yourself if you get some benefit/rewards paying through your CCs. Or just declare it and your employer should take care of paying taxes on your behalf...

 

[CardsHoarder]

Any idea if making advance payments using credit card will be considered as spend for HDFC cc upgrades?

It makes sense because if having platinum debit card, 1% cashback is received on making card due pyaments so offsets the tax payments very well.

 

[Riva]

Any idea if making advance payments using credit card will be considered as spend for HDFC cc upgrades?

It makes sense because if having platinum debit card, 1% cashback is received on making card due pyaments so offsets the tax payments very well.

Not sure if the spends would be considered for upgrade, but you cannot pay HDFC credit card bill using hdfc platinum dc for the 1% cb. You can however pay another credit card bill using hdfc plat DC for 1% upto 750/- per month.

 

[CardsHoarder]

Not sure if the spends would be considered for upgrade, but you cannot pay HDFC credit card bill using hdfc platinum dc for the 1% cb. You can however pay another credit card bill using hdfc plat DC for 1% upto 750/- per month.

Right! Can we not pay using some third party site say mobikwik?

 

[mojo_jojo123]

any tips on tax payment ?

 

[sourpai]

It looks like HDFC gateway has increased the charges to 1.3% for Income tax payments. Las time I was charged 0.8%+GST, but this time it is 1.1%+GST. Did some Tax payment using StanC U few days back

 

[balpreet.singh]

Salaried persons are not supposed to have income from other sources?!

Income from other source can be Interest of FD, Rental Income, Income from Share market trading, Dividend income, Mutual Fund sale ( tax implication of the same) , Tax on any land / house sale transaction etc. etc.
It is not only the "work" you are doing with any other company.

All these may not be part of TDS that Employer doesn't deduct for you. If you dont pay advance tax, then at the end of the year you will have to pay tax with penalty.

The AIS form these days has a lot ( if not all) information on this.

 

[ragz]

Folks as I understand that hdfc cards don't give any rewards for advance tax payment but I have following other cards, can you suggest if anyone if then gives rewards /cashback for paying advance tax?

• Axis ace
• Axis airtel
• Icici amazon pay
• Icici coral rupay
• Icici platinum
• HDFC dcb
• Citi Indian oil
• HDFC Tata neu
• IDFC wealth

Does any of the above card will give rewards for advance tax payment kindly help?

 

[ankitfintech]

Has anybody tried paying advance tax or regular income tax via Axis Magnus credit card after devaluation? Does it still pay reward points?