Doubts : Advance Tax Using Credit Card

299°
Benevolent
akki.akki
hello
I need to pay advance tax but running short of money. Just wandering if I can pay ATax using credit card....  having few doubts.

  1. Is it safe to pay advance tax using cc ? I hope it will not invite any unnecessary problem from ITR.
  2. Are there any extra charges for advance tax like there are hidden charges on fuel payment which we get to know later in the cc statement.
  3. Holding fk axis, hdfc Millennia, icici apay -
    out of these CC which is the best option  (Interms of reward points and spend based fee waiver)

¶lease advice. pray

@guest_999 @xxxyyyzzz @kukdookoo
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Deal Cadet Deal Cadet
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Axis and HDFC dont give you reward points for government transactions this year onwards. So ICICI is the only option. 0.8% fee so if you get 1% cashback, you're still ahead.

Benevolent Benevolent
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charges are shown upfront or added later like fuel payments ?
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Deal Cadet Deal Cadet
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Shown upfront when you select payment portal. Canara bank was the lowest in April.

Deal Lieutenant Deal Lieutenant
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wasnt HDFC charging 0 fee this year?
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Finance Mentor Finance Mentor
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Damn! Thanks for reminding. I was under the wrong impression of Mid Oct!

Budding Star Budding Star
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Can we pay any other person advance tax using own cc?

Benevolent Benevolent
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ideally u can. but u should not, as messing with itr folks is not advisable smile
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Critic Critic
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@Seinfeld

Usually though, in case of govt payments like tax it is clearly mentioned on payment gateway itself if there are any extra charges.

Generous Generous
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You can skip paying the Advance Tax, they will charge only 1% simple interest, who gives loans at that cheap rate 😜

Deal Cadet Deal Cadet
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Per month

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Deal Cadet Deal Cadet
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Apay ICICI seems to be blocking txns with random security reasons, gets unblocked only when calling them

Deal Cadet Deal Cadet
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which card to use today to get max rewards ?

replyuser
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