Which card to use for Advance Tax Payment

[sjmajumder]

Isn't that a waste ? It will give 1% cashback and gateway charges will be 0.98%+ GST, which is more than cashback recieved

No. Gateway charges 0.8% + 18% GST = 0.944%

 

[sjmajumder]

Does Kotak gateway not charge a fee for tax payment using Kotak credit cards? I just made a advance tax payment using Kotak 811 card and got no additional charges levied. Was short of it's annual milestone reward and got that completed with this payment for no charge.

Probably no charges for debit card. For CC 0.8% + GST

 

[cardoptimizer]

No. Gateway charges 0.8% + 18% GST = 0.944%

Its pretty much useless - 0.056% net. There are much better cards than this.

 

[sjmajumder]

Its pretty much useless - 0.056% net. There are much better cards than this.

No point if I don't have it - right?

 

[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 .

 

[Jhon Anand]

No. Gateway charges 0.8% + 18% GST = 0.944%

Still what's the point ? It's almost same as cashback and there's no milestone benifit afaik. Is there something I'm missing here ?

 

[tachniki]

Still what's the point ? It's almost same as cashback and there's no milestone benifit afaik. Is there something I'm missing here ?

One month extra credit. Yes, But not much for folks who have enough in bank account all time.

 

[GGORDON]

Currently using Amex Plat Travel to max out on 4L milestone and then MRCC for upto 20k per month payments for advance tax.
Applied for Bizblack floater, but hdfc being hdfc, not sure if they will provide or approve it.

Any other good cards for advance tax payments that provide milestone benefits ?

 

[cardoptimizer]

Currently using Amex Plat Travel to max out on 4L milestone and then MRCC for upto 20k per month payments for advance tax.
Applied for Bizblack floater, but hdfc being hdfc, not sure if they will provide or approve it.

Any other good cards for advance tax payments that provide milestone benefits ?

How much total tax you have to pay yearly?

 

[GGORDON]

Approx 12 to 14L

How much total tax you have to pay yearly?

 

[Rashi]

Does using Amex Platinum Charge make sense for tax payment?

 

[GGORDON]

Does using Amex Platinum Charge make sense for tax payment?

You can complete the milestone of 4L through tax payment. But do note that you will pay a surcharge of 1.07% and you will not receive base rewards.

 

[drmsiva]

You can complete the milestone of 4L through tax payment. But do note that you will pay a surcharge of 1.07% and you will not receive base rewards.

There's no milestone for Platinum charge though - were you thinking of Platinum Travel CC?

 

[Explorer]

There's no milestone for Platinum charge though - were you thinking of Platinum Reserve CC?

Useful to reach amex platinum travel milestones of 1.9L and 4L.

 

[Rashi]

You can complete the milestone of 4L through tax payment. But do note that you will pay a surcharge of 1.07% and you will not receive base rewards.

I was asking for Amex Platinum Charge Card. A friend has and wanted to know if its useful for tax

 

[GGORDON]

I was asking for Amex Platinum Charge Card. A friend has and wanted to know if its useful for tax

No, no milestone benefits for platinum charge card.

 

[saikatCC]

i used stanC ultimate in sep and got 5 RP per 150 and no surcharge. i was shocked and wasnt sure what to make of it. I did another payment few days back and this time also they gave 5 RP per 150 but with a surcharge of 0.8% + 18% GST .

 

[jk51]

i used stanC ultimate in sep and got 5 RP per 150 and no surcharge. i was shocked and wasnt sure what to make of it. I did another payment few days back and this time also they gave 5 RP per 150 but with a surcharge of 0.8% + 18% GST .

SC is known to charge surcharge on subsequent statement cycles if not charged at the time of transaction.

 

[saikatCC]

SC is known to charge surcharge on subsequent statement cycles if not charged at the time of transaction.

but they didnt do that. They charged the 2nd and 3rd transaction but not the 1st. maybe some system glitch

 

[bainmebain]

SC is known to charge surcharge on subsequent statement cycles if not charged at the time of transaction.

Yes. Be prepared to see a random entry at any point in the future that makes no sense and has no explanation.