Income tax payment using credit cards

[panu24]

Airtel Axis did give cashback. heard Ace also gives.
Waiting for Zenith points to be credited, did the txn today.

Ace now dont give cashback for Govt transactions. See https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf

 

[Jhon Anand]

Airtel Axis did give cashback. heard Ace also gives.
Waiting for Zenith points to be credited, did the txn today.

Ace will no longer give post 1st sep or 15th sep whenever the upcoming devaluation was. All govt transactions including advance tax, nps, etc now excluded.

 

[MartianManhunter]

Ace will no longer give post 1st sep or 15th sep whenever the upcoming devaluation was. All govt transactions including advance tax, nps, etc now excluded.

Then do we have any solution or incentive for paying the tax with CC which pays any points or should we switch back to NEFT?

 

[Jhon Anand]

Then do we have any solution or incentive for paying the tax with CC which pays any points or should we switch back to NEFT?

Explore other cards than Ace. Like it's beneficial to pay using IDFC wealth cc

 

[MartianManhunter]

Explore other cards than Ace. Like it's beneficial to pay using IDFC wealth cc

I just closed IDFC Select about 6 months ago because I wasn't using it. lol
I guess, I'll explore the Wealth variant for advance tax payment. Thanks.

 

[Jhon Anand]

I just closed IDFC Select about 6 months ago because I wasn't using it. lol
I guess, I'll explore the Wealth variant for advance tax payment. Thanks.

Lol

 

[drmsiva]

Airtel Axis did give cashback. heard Ace also gives.
Waiting for Zenith points to be credited, did the txn today.

Did you get the points from Zenith Card? Thanks.

 

[mystic]

Did you get the points from Zenith Card? Thanks.

Yes. Just verified. Points got credited (250 points for 5000) at 5RP per 100 rupees.

 

[MartianManhunter]

So, apart from Zenith and IDFC Wealth, do we have any other card which gives points? I am trying to compare and find out the best card for Advance tax.

 

[sourpai]

Standard Chartered Ultimate also gives points for Advance tax. Last time I got 3.3% on CBDT transaction

 

[MartianManhunter]

Standard Chartered Ultimate also gives points for Advance tax. Last time I got 3.3% on CBDT transaction

If you don't mind me asking, when was this last time? These days the policies are changing rapidly. So, am compiling a list of cards which gave the points based on the advance tax spend on or very close to 1st September 2023.

 

[sourpai]

If you don't mind me asking, when was this last time? These days the policies are changing rapidly. So, am compiling a list of cards which gave the points based on the advance tax spend on or very close to 1st September 2023.

30th July. Don't think there are any policy changes on StanC cards post July

 

[nithin1992]

StanC Smart credit card should also give 2% CB upto 1k per month

 

[MartianManhunter]

StanC Smart credit card should also give 2% CB upto 1k per month

aah. 1K cap. Do Zenith and IDFC wealth also have these caps?

 

[Riva]

Standard Chartered Ultimate also gives points for Advance tax. Last time I got 3.3% on CBDT transaction

Does scc ultimate give a joining / renewal fee waiver on certain amount of spends?
With the IT portal charging 1.8-2% transaction fee + gst any card giving a reward less than 2% does not help.

 

[sourpai]

Does scc ultimate give a joining / renewal fee waiver on certain amount of spends?
With the IT portal charging 1.8-2% transaction fee + gst any card giving a reward less than 2% does not help.

HDFC payment gateway on income tax portal charges 0.8% + GST, and few other gateways also. Where are you seeing 1.8-2% transaction fees?

 

[Riva]

HDFC payment gateway on income tax portal charges 0.8% + GST, and few other gateways also. Where are you seeing 1.8-2% transaction fees?

Is it, then I could be wrong. In my haste to pay tax I thought I saw 1.8%. I eventually paid by net banking and now am looking for a cc which will give some returns for paying tax.

 

[luciferlucifer is verified member.]

Does scc ultimate give a joining / renewal fee waiver on certain amount of spends?
With the IT portal charging 1.8-2% transaction fee + gst any card giving a reward less than 2% does not help.

There is no fee waiver on SCB Ultimate card

 

[Riva]

There is no fee waiver on SCB Ultimate card

Ok, thanks.

 

[Hoozy]

Is it, then I could be wrong. In my haste to pay tax I thought I saw 1.8%. I eventually paid by net banking and now am looking for a cc which will give some returns for paying tax.

Business regalia cc might give u reward points.