• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Best credit card for income tax payment

Yes you will find values of even upto 2 rupees, if you consider the inflated rack rate of five star properties, and/or hotels which are located far away from the city centre
 
Yes you will find values of even upto 2 rupees, if you consider the inflated rack rate of five star properties, and/or hotels which are located far away from the city centre
As experienced users respect ur opinion.🙏First time im using marriot bonvoy! Will have a better idea once i use it.Will only know in Jan i guess.
Enclosing numbers for casual discussion.
Aloft in bangkok is a budget property and is in the city.

Same dates same hotel lowest price available is 47000.I booked the room for 55000 points.Decent conversion?

Courtyard patong for 3 days lowest rate available is 58000.I am paying 21000 cash and 33000 points.33000 points for 37000 rs worth stay.
Enclosing screenshots.
 

Attachments

  • Screenshot_20241025_201330_MakeMyTrip.webp
    Screenshot_20241025_201330_MakeMyTrip.webp
    85.1 KB · Views: 9
  • Screenshot_20241025_202029_MakeMyTrip.webp
    Screenshot_20241025_202029_MakeMyTrip.webp
    85.8 KB · Views: 9
As experienced users respect ur opinion.🙏First time im using marriot bonvoy! Will have a better idea once i use it.Will only know in Jan i guess.
Enclosing numbers for casual discussion.
Aloft in bangkok is a budget property and is in the city.

Same dates same hotel lowest price available is 47000.I booked the room for 55000 points.Decent conversion?

Courtyard patong for 3 days lowest rate available is 58000.I am paying 21000 cash and 33000 points.33000 points for 37000 rs worth stay.
Enclosing screenshots.
Check the price on Google Hotel same Hotel same days
 
I need some AMEX card to start with. Is amex platinum free for first year, or should I got for amex gold?
None of the cards are free right now even with referrals. However you get MR points back using a referral link that compensate for the first year fees.

MRCC is free second year onwards if you spend 1.50 Lakhs in a year. Other cards like plat travel and Gold are a negotiation between you and CS.
 
Income tax = Govt. spends MCC

HDFC, AXIS, BOB = 0
IDFC = 3 RP/150. (each RP = 0.25p) not eligible for accelarated rewards
Indus = 0.7 RP / 100. (each RP = 0.30-1Rs.)

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..
So which is the best card to pay income tax even if we get net 0 return.
 
So which is the best card to pay income tax even if we get net 0 return.


: )
 
Back
Top