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

[dealsense]

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

 

[drsel]

Yes, May end

Even my birthday is end of May
So should I pay income taxes on the birthday and get 10x points ?
is there any upper limit or low limit?
What is the value of the points and what can you use them for?

 

[WhoU]

What payment gateway did you use?

Yes, May end

 

[Yeat]

Even my birthday is end of May
So should I pay income taxes on the birthday and get 10x points ?
is there any upper limit or low limit?
What is the value of the points and what can you use them for?

I paid 20k advance tax due for Q1. Got approx 1350 points (1.6-1.7% return in terms of Amazon Voucher).
Not sure about any limits on that

 

[Yeat]

What payment gateway did you use?

Think I used hdfc and paid 0.8-0.9% as charge

 

[drsel]

Think I used hdfc and paid 0.8-0.9% as charge

It is 0.85% + tax which works out to 1%

 

[diptarkaroy]

Regrettably, there are not many options left. Yes Marquee gives 1.25% rewards, which is slightly more than the CC gateway charges. Yes bank, Reserv 3X gets you 2.25% for govt transactions.
I am not sure which other card gives any rewards on government payment

Which one did you use finally?
I have yes marquee and IDFC wealth

 

[diptarkaroy]

Paid income tax through IDFC CC on b'day, got 10x reward points

That’s a great news
I have my bday coming up on 21st and I have to pay around 97.5k IT

 

[mojo_jojo123]

That’s a great news
I have my bday coming up on 21st and I have to pay around 97.5k IT

how much is effective % return ?

 

[diptarkaroy]

how much is effective % return ?

2.5-0.9 = 1.6

 

[sourpai]

2.5-0.9 = 1.6

2.5 nahi hai bhai... IDFC cc got devalued since May. It is 1.66% now for 10x

 

[drsel]

2.5 nahi hai bhai... IDFC cc got devalued since May. It is 1.66% now for 10x

1.66 - 1.003 = 0.66%

 

[CVR]

Has anyone tried Yes Reserv for tax payments

 

[diptarkaroy]

2.5 nahi hai bhai... IDFC cc got devalued since May. It is 1.66% now for 10x

Yes
My bad!!!

 

[diptarkaroy]

Also for yes marquee it would be 1.25 - 0.9 = 0.35%
Still it is a good deal!!! And this is not birthday specific

 

[desiviru]

I paid via Millennia CC after loading to Payzapp (1% cashback) and then used Payzapp card to make payment on IT website. HDFC Gateway charged 0.80+18% GST. Effectively very little benefit. But helped me reach quarterly milestone of 1 Lakh and HDFC provided 1000 voucher which I redeemed for Amazon Pay voucher. So effectively 1% on my tax payment.

 

[diptarkaroy]

Few days back I received an offer from Yes bank
Additional 3000 points on 54k spends
So I’m gonna use my marquee to pay the tax amount

 

[drsel]

Also for yes marquee it would be 1.25 - 0.9 = 0.35%
Still it is a good deal!!! And this is not birthday specific

The charges for using credit card to pay tax are 0.85% + GST

 

[Hemang]

1.66 - 1.003 = 0.66%

Bhai IDFC wealth pe govt transactions pe, 1x milta hai ya 3x reward points ? How much they translates into % cashback bhai ?

 

[drsel]

Bhai IDFC wealth pe govt transactions pe, 1x milta hai ya 3x reward points ? How much they translates into % cashback bhai ?

0.66% after deducting the fees for using any credit card

 

[Hemang]

0.66% after deducting the fees for using any credit card

Any credit card kese bhai. IDFC wealth se matlab 3x milega Hume.