10 platform charge + 1.3% convenience fee. Amex cards works too.
PhonePe has partnered with PayMate, a digital B2B payments and service provider to enable this feature.
PhonePe introduced its latest feature on Monday, allowing users to conveniently pay their taxes using either their credit card or UPI. This feature comes with added benefits for credit card payments, as users can enjoy a 45-day interest-free period and even earn reward points on their tax payments, based on their respective banks.
I doubt the reward part as almost all the CCs are stopping rewards on govt. services.
@Budhe-Baba @hpgramani @desisam @IamRage
@ami123 @ruman6227103 @mojo_jojo123
Just thought you guys might be a bit interested.
baludesi wrote:I doubt the reward part as almost all the CCs are stopping rewards on govt. services.
Amex milestone works for everything as of now. And since PayTM has patched the zomato / uber way. It's better to use Amex for genuine purposes. Also since most ccs don't reward Gov services like you said, hence Amex comes into play in this situation.
Seinfeld wrote:OK Jerry, I don't have any Amex so not aware.Amex milestone works for everything as of now. And since PayTM has patched the zomato / uber way. It's better to use Amex for genuine purposes. Also since most ccs don't reward Gov services like you said, hence Amex comes into play in this situation.
baludesi wrote:self assessment / Advance taxes can be paid in batches. Like you said, one can pay 1.5k*3 and 15.5k. This will fetch 1000*2 bonus points for the month. Not sure if regular points will be awarded or not. If regular RP is given then 400 RP more.
AFAIK the milestones are 1500 x4 and 20K per month. How those can be achieved in paying taxes.
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Seinfeld wrote:thanks for tag@Budhe-Baba @hpgramani @desisam @IamRage
@ami123 @ruman6227103 @mojo_jojo123
Just thought you guys might be a bit interested.
Juniper wrote:1) mostly < 1%, you will get to see before paying.
Can you please tell- 1) How much is Charges for 10k tax payment by SBICard credit card? 2) Which option/gateway to use? 3) Will I get reward points? 4) Will this transaction counts as milestone spending?
Seinfeld wrote:I tried SBI gateway, it gives only two options 1) SBI INB lite 2) UPI. Both not applicable for SBI card.
1) mostly < 1%, you will get to see before paying.
2) choose whichever seems reliable to you. Maybe SBI as you are using SBI cc. Previously canara bank had the cheapest gateway option, its no longer so.
3) Depends on which card you have and what are the exclusion for rewards. eg. SBI cashback card gives no cashback on government spends.
4) Again this is card specific. Please check fine prints and exclusion on the variant of SBI credit card you have. Maybe SBI CS will be able to confirm more. But from my experience mostly such spends are counted towards milestone spends, but can't confirm for sure. Like recently Axis Magnus excluded Government spends from being counted for milestone.
Anyway to use Amex for Advance Tax payment? I dont see the option under phonepe
is amex working now ?
