Best credit card for income tax payment

[HumorSimpson]

I paid upi cc around july 25th and got 1.5% nue coins as per statement.

 

[Hemang]

I paid upi cc around july 25th and got 1.5% nue coins as per statement.

Bhai which gateway to be used, guide kar do poora.

 

[HumorSimpson]

Bhai which gateway to be used, guide kar do poora.

Kotak.. But not sure as August rules of Tata nue changed. Still you can try with nue app scan.

 

[350modena]

I paid upi cc around july 25th and got 1.5% nue coins as per statement.

Via qr code scan and pay option?

 

[HumorSimpson]

Via qr code scan and pay option?

Yes.... 👌. ..

 

[Wealth is my birth right!]

Apparently canara bank PG accepts Amex. Charges are 0.9% plus GST

Ltcg of around 3l
Sold in August
Do i need to pay 3l full before sep 15th? Or before 31st march?
Any CA can comment pls reg this advance tax

 

[350modena]

Ltcg of around 3l
Sold in August
Do i need to pay 3l full before sep 15th? Or before 31st march?
Any CA can comment pls reg this advance tax

Advance tax upto sept 15 to be paid is upto 45% of total tax liability (total tax less TDS) so you don't need to pay full tax on 3L LTCG before sept 15.


Subtract 1L from your total 24-25 LTCG and calculate 10% (not assuming the budget changes right now) and pay 45% of that 10%. So say 3L - 1L exempt so 2L*10% is 20k and 45% so pay 9k by sept15

 

[hellobois]

Use kotak or hdfc gateway. Charges are 0.8% plus gst only

I chose HDFC gateway only, don't know how this much charge was calculated. May be the bank has levied some charges for govt payment.

 

[jack333]

Check again sometimes it gets refunded on settlement if they deduct convenience fees twice

 

[anujdit]

Used Yes Reserv (3x subscription) to get 2.5% rewards and additional 1% HDFC platinum DC payment rewards
In net 3.5% - 0.9% (HDFC gateway charge) = 2.6% gain

 

[manas_rock]

@TechnoFino does HSBC Premier give reward point on tax payments? the reward rate is 3%. Then why is not mentioned in best cards for tax payments?

 

[HumorSimpson]

Used Yes Reserv (3x subscription) to get 2.5% rewards and additional 1% HDFC platinum DC payment rewards
In net 3.5% - 0.9% (HDFC gateway charge) = 2.6% gain

@SSV does yes ccs reward taxes?

 

[SSV]

@SSV does yes ccs reward taxes?

I haven't tried it personally..
But going by YES books, yes it will provide rewards @select category rates
Ie 10RP for 200 spend

 

[HumorSimpson]

I haven't tried it personally..
But going by YES books, yes it will provide rewards @select category rates
Ie 10RP for 200 spend

View attachment 63708

Doh... Missed it..

 

[HumorSimpson]

I haven't tried it personally..
But going by YES books, yes it will provide rewards @select category rates
Ie 10RP for 200 spend

View attachment 63708

Link to the thread? Unable to search

 

[Wealth is my birth right!]

Advance tax upto sept 15 to be paid is upto 45% of total tax liability (total tax less TDS) so you don't need to pay full tax on 3L LTCG before sept 15.


Subtract 1L from your total 24-25 LTCG and calculate 10% (not assuming the budget changes right now) and pay 45% of that 10%. So say 3L - 1L exempt so 2L*10% is 20k and 45% so okay ok by sept15

Thanks for the working dude👍
So that 12.5% what sita ji said is not applicable this year?

 

[SSV]

Link to the thread? Unable to search

Thread 'Yes Bank MARQUEE Credit Card launched - Features & Benefits | Full Details'

Jan 24, 2024

​

For YES CC Rewardz Redemption details , Please see here...
https://www.technofino.in/community...rewardz-redemption-options-for-marquee.22116/

Yes Bank MARQUEE Credit Card
​

As you guys already know, YES Bank is revamping their CC protfolio recently , I took a dive and got their latest offering "MARQUEE" CC in the Premium segment ..
I am NTB to Yes bank until now...
I actually liked the name of the card and also its physical appearance.. very appealing looks ...

I got the card mainly for its Unlimited International Lounge Access...

• SSV
• lounge access marquee yes bank yes bank credit card yes marquee
• Replies: 2,133
• Forum: New Credit Card Launch & Related News

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[HumorSimpson]

Thread 'Yes Bank MARQUEE Credit Card launched - Features & Benefits | Full Details'

Jan 24, 2024

​

For YES CC Rewardz Redemption details , Please see here...
https://www.technofino.in/community...rewardz-redemption-options-for-marquee.22116/

Yes Bank MARQUEE Credit Card
​

As you guys already know, YES Bank is revamping their CC protfolio recently , I took a dive and got their latest offering "MARQUEE" CC in the Premium segment ..
I am NTB to Yes bank until now...
I actually liked the name of the card and also its physical appearance.. very appealing looks ...

I got the card mainly for its Unlimited International Lounge Access...

• SSV
• lounge access marquee yes bank yes bank credit card yes marquee
• Replies: 2,133
• Forum: New Credit Card Launch & Related News

• 
• 
• 

.
.
.

I remember seeing it. For government taxes, effectively 0.25% and hence I passed it.

 

[SSV]

I remember seeing it. For government taxes, effectively 0.25% and hence I passed it.

Largely , what we should aim for payment of govt taxes using CC is:

1) Attain a small % profit.
2) Attain Fee waiver for that year for that card
3) Attain any milestone benefit(s)..

If the above three are met, then we can say operation suceess and patient is also doing fine..

Byproduct of this exercise is: Better limit enhancement offers in future from the Bank and thereby card upgrade offers as well..!! What else you want??

Enjoy..

NOTE: Cant expect huge profits for paying taxes..

 

[sourpai]

Thanks for the working dude👍
So that 12.5% what sita ji said is not applicable this year?

12.5% LTCG applicable for equity sold post 23rd July 2024. Before that it will be 10%. Same goes for STCG - 15% earlier and 20% post 23rd