sahil1033
TF Premier
yes, that could be the case even I was thinking of
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[Query] Income Tax Payment - IDFC First Bank Wealth Credit/Debit Card
- Thread starter sahil1033
- Start date
- Replies 41
- Views 4K
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- Tags
- credit card income tax
Which credit card ?
sahil1033
TF Premier
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
TF Buzz
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 🙏
It's urgent 🙏
doctoramar
TF Select
Did u get 3x or 10x cashback
You'll get 10X
How to download this e-receipt in IDFC??
click on the transaction and click on download
Read the TnC, its clear and Do the math...
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- 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
TF Ace
which payment gateway did you use for the advance tax payment?
H D F C Gateway. I always use that
sahil1033
TF Premier
I got 10X RPs
brightknight
TF Ace
How much rps for 1.5L tax payment through idfc wealth dc?
sahil1033
TF Premier
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
Last edited:
Didn't it change for govt. txns ? Its flat 3x now.
sahil1033
TF Premier
that's for credit card, for debit card there's no such capping
Last edited:
Not yet changed afaik it's wef from September.
MCC for GST and Income Tax payments is 9366. I always get 10x points beyond 50000/-
