Income tax payment using credit cards

[The_Beast]

What you want me to check??🤔🤔

I already answered that I have got normal rewards as well as milestone rewards for this transaction.

I wanted you to check for the MCC code used for the transaction. This code is the key factor in defining the type of transaction, and banks provide points as per acceptable mcc codes .Till now, axis have rewards for every mcc code, but from September, they have specifically prohibited points on certain codes (there was a list of 4 i guess). If the code of your transaction is not in that list, you will continue to recieve rewards even post 1st September.

 

[sauravkumar]

I wanted you to check for the MCC code used for the transaction. This code is the key factor in defining the type of transaction, and banks provide points as per acceptable mcc codes .Till now, axis have rewards for every mcc code, but from September, they have specifically prohibited points on certain codes (there was a list of 4 i guess). If the code of your transaction is not in that list, you will continue to recieve rewards even post 1st September.

Why don't you call and check your MCC.

It's gone thing.... It's not like Income Tax portal will ask / take your permission for MCC.😑🙂

Whatever paid/ done is done... Biller / MCC of Income Tax is not in anyone's hand.

And don't try to oversmart by doing some irregularities or unethical work there.😤😤

Seriously I think you should to previous posts then only post repeated questions.😑😑

 

[MartianManhunter]

After Magnus devaluation, is there any card which provides points for advance tax now?

 

[mystic]

After Magnus devaluation, is there any card which provides points for advance tax now?

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

 

[MartianManhunter]

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

How much does zenith give? any limits on govt. transactions?

 

[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.