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[Income Tax Payment] Card which provide benefit on Tax Payment

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dealsense said:
Hi,

Can anyone please share credit cards which provide rewards on Income tax payment?

HDFC Infinia, SBI Cashback, AMEX MRCC, Axis Magnus, Yes first Exclusive == I have these cards but none of them provide anything in this category.

Thanks,
anant
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The cashback comes from the MDR that the CC company charges the merchant. The merchant in this case is Govt. of India who pay zero MDR.

IF you want Income Tax dept to give you cashback, become a politician.
 
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aceventura said:
The cashback comes from the MDR that the CC company charges the merchant. The merchant in this case is Govt. of India who pay zero MDR.

IF you want Income Tax dept to give you cashback, become a politician.
Click to expand...
Well, most politicians don't pay any income tax so its not a "cashback" for them 😛
and rewards on advance tax was there earlier with Magnus and even before with Infinia, so yeah those have existed. Perhaps some card still provides some rewards in this category.
 
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dealsense said:
Well, most politicians don't pay any income tax so its not a "cashback" for them 😛
Click to expand...
It doesnt have to be their income tax 😉

dealsense said:
and rewards on advance tax was there earlier with Magnus and even before with Infinia, so yeah those have existed. Perhaps some card still provides some rewards in this category.
Click to expand...
perhaps they were, until they realized they were losing money on these transactions. It kind of is the opposite now, we have to pay extra fees for paying via CC, effectively, GoI played Uno reverse card on us. 🤣
 
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dealsense said:
Hi,

Can anyone please share credit cards which provide rewards on Income tax payment?

HDFC Infinia, SBI Cashback, AMEX MRCC, Axis Magnus, Yes first Exclusive == I have these cards but none of them provide anything in this category.

Thanks,
anant
Click to expand...
IDFC Wealth and StanC Ultimate gives rewards on Tax payments. IDFC wealth is relatively easy to get and LTF also
 
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sourpai said:
IDFC Wealth and StanC Ultimate gives rewards on Tax payments. IDFC wealth is relatively easy to get and LTF also
Click to expand...
Thank you @sourpai for letting me know! I will apply for IDFC Wealth card, while the benefits are still there.

IDFC Wealth card seem to provide 10x reward (2.5% reward rate) for online payments >30k. Assuming that will also be the case for income tax payments - this sounds quite good.
 
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Yeat said:
Paid tax through IDFC cc using HDFC gateway couple of days back.... Got reward points for the same
Click to expand...
just to confirm, you got 10x rewards (if your spends were above 30k for that month) or 6x (online) or any other %? also HDFC gateway would be 0.8% + GST or something similar right?
 
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thegame said:
just to confirm, you got 10x rewards (if your spends were above 30k for that month) or 6x (online) or any other %? also HDFC gateway would be 0.8% + GST or something similar right?
Click to expand...
Think the points that are reflecting as of now are as per 6x (made tax payment of 50k). Maybe 4x will be added later on?

Charges were 0.8+GST and reflecting in card
 
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