Income tax payment using credit cards

[aay001]

you can, using kotak's gateway, it is zero charges. i paid just now.

Yes , Nice. Kotak added recently as only federal bank was there.

 

[aay001]

whats the process to pay? used to pay using nsdl site and select challan 280 for advance tax. how is it here?

From NSDL site you can pay via debit card, net banking only. Here you get credit card option

 

[Batman]

This. I cashed out some stocks, so there will be LTCG gains. I missed the Sep 15 deadline for advance payment, but should pick it up again and pay some tax.

Does anyone know which CC to use for Tax? I have HDFC Diners Black, BoB Eterna, and ICICI platinum, Axis Myzone, SBI Cashback (not LTF) etc.
All LTF so I don't need to fulfill spend targets, just looking for max cashback.

In case of income from other sources, you will need to pay IT + Penalty + Interest, as you have delayed payment on extra income you got via interest on savings/FD, equity, dividend, etc. So, if you pay Advance Tax, you will not be charged penalty + interest.

 

[aay001]

This. I cashed out some stocks, so there will be LTCG gains. I missed the Sep 15 deadline for advance payment, but should pick it up again and pay some tax.

Does anyone know which CC to use for Tax? I have HDFC Diners Black, BoB Eterna, and ICICI platinum, Axis Myzone, SBI Cashback etc.
All LTF so I don't need to fulfill spend targets, just looking for max cashback.

SBI Cashback gives 1% for this, have verified. All other should give regular reward rate. Eterna or DCB should be ideally used.
My suggestion would be - you can do a small amount transaction and see the reward and do rest accordingly.

 

[thanix]

you can, using kotak's gateway, it is zero charges. i paid just now.

So this is the new income tax portal we have to use for credit card option?

 

[aay001]

So this is the new income tax portal we have to use for credit card option?

Yes new portal. It has tax payment option after you log in and also on homepage. E-Pay Tax is the option.

 

[aamaadmi]

Yes new portal. It has tax payment option after you log in and also on homepage. E-Pay Tax is the option.

1. will this portal provide challan details, bsr no etc like nsdl. i need that details to fill advance tax paid details on sites like cleartax
2. also, can we use this to pay last year tax? i have a fine to pay from late filing

 

[aay001]

1. will this portal provide challan details, bsr no etc like nsdl. i need that details to fill advance tax paid details on sites like cleartax
2. also, can we use this to pay last year tax? i have a fine to pay from late filing

1. Yes you get all details, acknowledgment slip and also these details reflect next day on your form 26as.
2. Yes, I see there are many option to select as major head/minor head and also to select previous Assessment years

 

[Batman]

SBI Cashback gives 1% for this, have verified. All other should give regular reward rate. Eterna or DCB should be ideally used.
My suggestion would be - you can do a small amount transaction and see the reward and do rest accordingly.

Good point. I'l try Eterna and DCB one by one, and then see which works best.

 

[aamaadmi]

Good point. I'l try Eterna and DCB one by one, and then see which works best.

axis ace also good. 2% direct cashback. DCB is 3.3% only for flight/hotel bookings from smartbuy & only 1.65% for gift vouchers.

 

[Batman]

axis ace also good. 2% direct cashback. DCB is 3.3% only for flight/hotel bookings from smartbuy & only 1.65% for gift vouchers.

I don't have Ace yet. If it works as planned, Eterna should give 3.75%. Good enough for me.

 

[arjunking]

Eterna has a cap of 5000 reward points per month. Is there any other card with equally good reward rate for credit card payment?

 

[Slayer]

Eterna has a cap of 5000 reward points per month. Is there any other card with equally good reward rate for credit card payment?

Eterna is dead now

 

[aay001]

Eterna has a cap of 5000 reward points per month. Is there any other card with equally good reward rate for credit card payment?

Infinia/DCB I can think of.
Magnus may be possible.
Rest Ace 2 percent

 

[Slayer]

Infinia/DCB I can think of.
Magnus may be possible.
Rest Ace 2 percent

Then Vistara infinite would also be decent >3% in CV points

 

[Avijeet]

What are the most rewarding cards for INCOME TAX PAYMENT?

 

[arjunking]

What are the most rewarding cards for INCOME TAX PAYMENT?

I paid using AU LIT credit card after activating 10x offer so got 2.5% return. 0% convenience fees.

 

[vak93]

I paid using AU LIT credit card after activating 10x offer so got 2.5% return. 0% convenience fees.

Which payment gateway did you used i could see TXN changes on all 3 payment gateway of for credit cards?

 

[aay001]

Which payment gateway did you used i could see TXN changes on all 3 payment gateway of for credit cards?

They keep on adding/modifying things.

 

[arjunking]

Which payment gateway did you used i could see TXN changes on all 3 payment gateway of for credit cards?

I used Kotak. It was 0% charge for it then.