[Query] Income Tax Payment - IDFC First Bank Wealth Credit/Debit Card

[sahil1033]

Maybe that 300 got settled before 92k so you got 3X for that

yes, that could be the case even I was thinking of

 

[itsds]

UPDATE (17-Jul-2024) :

Got 10x RPs for tax payment but I'm not able to understand the maths they've done ... will look into it closely later on.

There's one thing though, I fuelled up for Rs. 300 on the same day after paying Rs. 92,910 but it's showing 6 points only ... I should've got 30 points (2.5% worth RPs), right?

Which credit card ?

 

[sahil1033]

Which credit card ?

not credit card, debit card :

IDFC First Bank Wealth debit card

 

[IKFLRT]

I'll be using my wealth DC for tax payment. It can be used on any of the payment gateways or it has to be a specific one?

 

[Azharuddin]

Guys I need to pay 2L using idfc select credit card, how much reward point I will get and what extra charges I need to pay? As per t&c I see surcharge applicable only for utilities payment above 20k...but nowhere govt transaction mentioned...please help
It's urgent 🙏

 

[IKFLRT]

So to clear confusion ...

View attachment 61170

Is this the same merchant you got for your payment?

 

[doctoramar]

I paid in full with Wealth DC, let's see ... since it was urgent, couldn't have waited.

Did u get 3x or 10x cashback

 

[IKFLRT]

Did u get 3x or 10x cashback

You'll get 10X

 

[sauravkumar]

Is this the same merchant you got for your payment?


View attachment 65816

How to download this e-receipt in IDFC??

 

[IKFLRT]

How to download this e-receipt in IDFC??

click on the transaction and click on download

 

[HumorSimpson]

Guys I need to pay 2L using idfc select credit card, how much reward point I will get and what extra charges I need to pay? As per t&c I see surcharge applicable only for utilities payment above 20k...but nowhere govt transaction mentioned...please help
It's urgent 🙏

Read the TnC, its clear and Do the math...

Apply for Lifetime Free Credit Card with Lounge Access Online

Want lifetime free credit card with lounge access? Enjoy airport & railway lounge access, low forex, airport perks & gold benefits with FIRST Select. Apply today!

www.idfcfirstbank.com

• 1X Reward Points on Insurance premium and Utility bill payments
• Use Reward points to instantly pay for online or in-store purchases
• 3X Reward Points on rental and property management transactions
  
  1X = 1 Reward Point per ₹150 spent| 1 Reward point = ₹0.25
  
  
  Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.

So what you get for govt services is 1x i.e. 200000*1*0.25/150 = 333 rs which is 0.16%


You get 0.16% CB and PG charges could be ~1% which makes you a loss of 0.84%

 

[yolofino]

So to clear confusion ...

View attachment 61170

which payment gateway did you use for the advance tax payment?

 

[sourpai]

which payment gateway did you use for the advance tax payment?

H D F C Gateway. I always use that

 

[sahil1033]

Did u get 3x or 10x cashback

I got 10X RPs

 

[brightknight]

How much rps for 1.5L tax payment through idfc wealth dc?

 

[sahil1033]

How much rps for 1.5L tax payment through idfc wealth dc?

0.67% till Rs. 50k, for remaining Rs. 1L @ 2.5%

4 RPs = Re. 1

you can do the calculation and find out how much RPs it would be

Kindly check if you get RPs or not since government services 9399 MCC is excluded from earning RPs

 

[HumorSimpson]

0.67% till Rs. 50k, for remaining Rs. 1L @ 2.5%

4 RPs = Re. 1

you can do the calculation and find out how much RPs it would be

Didn't it change for govt. txns ? Its flat 3x now.

 

[sahil1033]

Didn't it change for govt. txns ? Its flat 3x now.

that's for credit card, for debit card there's no such capping