Which card to use for Advance Tax Payment

[Dragon_slayer]

What are the charges for debit card for advance tax ? I remember for credit card it's around 1.08% including GST.

Also does sbi debit card fetch 0.25% on this ?


Lastly regarding IDFC first, if I remove 10L/3L for wealth/select account after upgrading once, will they downgrade?

There's no charges for using DC.

 

[yolofino]

I have to pay advance tax of Rs. 1 lakh before 15th September. If I use IDFC Wealth debit card, shall I break the transactions multiple times, like below 20,000 per transaction or is it okay to pay Rs. 1 lakh in one go?

I also have IDFC Wealth cc. The payment gateway charges will be nullified by cc bill payment later on (1% on airtel/canara setu). Does it make sense to pay via Wealth credit card instead of the debit card to maximise returns?

 

[HumorSimpson]

I have to pay advance tax of Rs. 1 lakh before 15th September. If I use IDFC Wealth debit card, shall I break the transactions multiple times, like below 20,000 per transaction or is it okay to pay Rs. 1 lakh in one go?

I also have IDFC Wealth cc. The payment gateway charges will be nullified by cc bill payment later on (1% on airtel/canara setu). Does it make sense to pay via Wealth credit card instead of the debit card to maximise returns?

why 20K chunks ? does this come under utilities ?

 

[yolofino]

why 20K chunks ? does this come under utilities ?

No, it doesn't come under utilities but I read somewhere on this forum regarding doing transactions under 20k (can't find it in the ocean of posts).

 

[HumorSimpson]

No, it doesn't come under utilities but I read somewhere on this forum regarding doing transactions under 20k (can't find it in the ocean of posts).

Then why 20k?

 

[rj_arora]

Hi All, I need to pay an advance tax of about 9L. What's the best way for me?
I have Amex Trifecta (Only 1.03L spent on Plat travel till now)
I have Axis vistara signature, ICICI sapphiro, Yes bank First exclusive and HDFC neu Plus CC).
I hugely appreciate your advice.

 

[sourpai]

Hi All, I need to pay an advance tax of about 9L. What's the best way for me?
I have Amex Trifecta (Only 1.03L spent on Plat travel till now)
I have Axis vistara signature, ICICI sapphiro, Yes bank First exclusive and HDFC neu Plus CC).
I hugely appreciate your advice.

Use Amex Platinum travel for 3L and after that yes first exclusive with 3x subscription enabled for remaining 6L

 

[Random_CC]

I paid advance tax of 70k using IndusInd Platinum Rupay CC through SBI payment gateway at zero charge and got 490 reward points which is .7% , was expecting either 1% or 2% . Anyone else who paid through the same can confirm?

 

[mojo_jojo123]

I paid advance tax of 70k using IndusInd Platinum Rupay CC through SBI payment gateway at zero charge and got 490 reward points which is .7% , was expecting either 1% or 2% . Anyone else who paid through the same can confirm?

any other upi card which can give more benefit than this ?

 

[Random_CC]

any other upi card which can give more benefit than this ?

didn't explored much as last date was approaching. This card was instantly generated as I hold other Indusind CC .