Best credit card for income tax payment

[SSV]

Which payment gateway?

View attachment 65785
Sir ab ni mil rahe hain points. Used kotak gateway as suggested by other members.

@drsel and others
Sorry guys .. It was my bad.. I was confused with LTC payments returns..
Extremely sorry.. as you guys know I am still on road and traveling ..
I was confused with tax payments.. it was my mistake

 

[Hemang]

@drsel and others
Sorry guys .. It was my bad.. I was confused with LTC payments returns..
Extremely sorry.. as you guys know I am still on road and traveling ..
I was confused with tax payments.. it was my mistake

It's okay sir I also thought that by mistake you confused the tax payments with the leave travel concession payments. Payment gateway charges are way more than LTC ticket when compared to the income tax payments made.

 

[drsel]

@drsel and others
Sorry guys .. It was my bad.. I was confused with LTC payments returns..
Extremely sorry.. as you guys know I am still on road and traveling ..
I was confused with tax payments.. it was my mistake

I think it is better to pay income tax with direct NEFT or debit card, forget about credit cards

 

[SSV]

I think it is better to pay income tax with direct NEFT or debit card, forget about credit

In one way it is right.
But if it is giving some milestone benefits and if it is allowed and the amount is big then CC payments are still valid..

 

[drsel]

In one way it is right.
But if it is giving some milestone benefits and if it is allowed and the amount is big then CC payments are still valid..

more than 2% charges on credit card payment???

 

[SSV]

more than 2% charges on credit card payment???

Imagine, for the cards giving milestone benefits more than that 2 % or whatever the charges are for that particular card

 

[Hemang]

more than 2% charges on credit card payment???

2% ni lgta hai. It is between 0.80-0.85% plus GST lagta hai bhai. Varies between different payment gateways.

 

[SSV]

2% ni lgta hai. It is between 0.80-0.85% plus GST lagta hai bhai. Varies between different payment gateways.

Are amex cards accepted for tax payments using any payment gateways these days?
If so, how much are charges?

 

[aakashgupta]

Hi, I'm considering getting the HDFC BizBlack Card for making tax payments. Do you think it's worth the cost? I have to pay at least ₹50,000 in GST every month + yearly ITR. I'd appreciate your advice.

 

[sourpai]

Hi, I'm considering getting the HDFC BizBlack Card for making tax payments. Do you think it's worth the cost? I have to pay at least ₹50,000 in GST every month + yearly ITR. I'd appreciate your advice.

For 50K per month, it is definitely worth. You will get joining fee waiver (by spending 1.5L in 90 days) as well as annual fee waiver (by spending 7.5L per year). Plus 5X accelerated rewards on 50K spends as well. For you it is a no brainer must have card

 

[aakashgupta]

For 50K per month, it is definitely worth. You will get joining fee waiver (by spending 1.5L in 90 days) as well as annual fee waiver (by spending 7.5L per year). Plus 5X accelerated rewards on 50K spends as well. For you it is a no brainer must have card

thanks!! i have just opened an IMPERIA account with HDFC today. will talk to my RM.

 

[Hemang]

Are amex cards accepted for tax payments using any payment gateways these days?
If so, how much are charges?

Sir charges vhi hai jo pichli post me bataye hai. Yes your amex is also accepted.

 

[kwaver]

Bhai yesterday I paid using the same route u told. Nahi mile rewards as 1% amazon balance. MCC is 9311.

31st July tak to mila,must have changed now.

 

[Hemang]

31st July tak to mila,must have changed now.

Kotak gateway ? MCC bhi puch do bhai iss transaction ki ?

 

[kwaver]

Kotak gateway ? MCC bhi puch do bhai iss transaction ki ?

haan,and the mcc was 9399.
Kotak ne update kar diya to 9311 which is why no points

 

[Hemang]

haan,and the mcc was 9399.
Kotak ne update kar diya to 9311 which is why no points

Bhai is it possible that bank report different MCC for same transaction done on same platform to different customers ?

 

[drsel]

haan,and the mcc was 9399.
Kotak ne update kar diya to 9311 which is why no points

So which MCC code will get points for income tax?

 

[anujdit]

Use Yes Reserv 3x subscription to get 2.5% cashback on income tax payments + 1 % using HDFC Platinum Debit card (SBIUnipay)
So net reward: 2.5 (Yes)+1 (UniPay) - 0.85 (Gateway)= ~2.6% gain

i already paid > 7 lacs advance income tax using this method

 

[Hemang]

So which MCC code will get points for income tax?

9311 - income tax payments. 9399 - Government services. -- iss vale pe mile the points humare bhai ko 31st July 2024 ki payment par.

 

[sourpai]

Use Yes Reserv 3x subscription to get 2.5% cashback on income tax payments + 1 % using HDFC Platinum Debit card (SBIUnipay)
So net reward: 2.5 (Yes)+1 (UniPay) - 0.85 (Gateway)= ~2.6% gain

i already paid > 7 lacs advance income tax using this method

Whats the reward rate it you factor in the cost of 3x subscription?