I stayed at Pahalgam for two weeks and it was refreshing and mesmerising. I took some effort to find the rooms with best views in the budget and it was really worth it.
| Option | Tax to be Paid | Fees on Tax Portal (Incl. Late Fee) | Total Amount to be Paid on Tax Portal | Base Rewards | Milestone Rewards | Net Reward Value | Credit Card Annual Fee | Net Rewards (Profit/Loss) |
|---|---|---|---|---|---|---|---|---|
| Row 1: Netbanking (June) | ₹10,48,000 | ₹0 | ₹10,48,000 | ₹0 | ₹0 | ₹0 | ₹11,800 (DCBM renewal fee next year) | -₹11,800 (Net Loss) |
| Row 2: HDFC DCBM (July) | ₹10,48,000 | ₹20,960 (1% gateway + 1% late fee) | ₹10,68,960 | ₹0 (Excluded) | 10,000 RP (Unlocked instantly) | ₹10,000 | ₹0 (Waived via >₹8L annual spend) | -₹10,960 (Net Loss) |
| Row 3: Amex Plat Travel (July) | ₹10,48,000 | ₹20,960 (1% gateway + 1% late fee) | ₹10,68,960 | ₹0 (Excluded) | 40,000 MR Points + ₹10,000 Taj Voucher | ₹26,000 | ₹17,700 (Amex: ₹5.9K + DCBM: ₹11.8K) | -₹12,660 (Net Loss) |
| Row 4: Split (7L on Amex and remaining 3.68L on DCBM) | ₹10,48,000 | ₹20,960 (1% gateway + 1% late fee) | ₹10,68,960 | ₹0 (Excluded) | Amex: 40K MR + ₹10K Taj DCBM: 10K RP (32K later) | ₹36,000 | ₹5,900 (Amex fee only; DCBM waived via 8L path) | +₹9,140 (Remaining Net Profit) |
Hey everyone,
I have a ₹10.48 Lakh advance/self-assessment tax bill due, and I've been crunching the numbers to see if it makes sense to route it through credit cards to hit milestones, or if the portal fees and delayed payment penalties completely destroy the value.
My current arsenal includes the HDFC DCBM, and Axis M4B, and I am considering picking up a new Amex Platinum Travel card specifically to milk its milestone rewards.
I’ve mapped out 4 different scenarios taking into account:
- I may have to pay additional 5L+ tax in the upcoming quarters which might help to hit the annual milestone on DCBM (specific to row 4).
- I also give a try for BizBlack. But not luck.
I recently wrapped up a two-week "work from mountains" stint in Pahalgam. If you are planning something similar, here is the lowdown on how it went and what to look out for:
Without Business Income, How did you got HDFC BizBlack?
I recently wrapped up a two-week "work from mountains" stint in Pahalgam. If you are planning something similar, here is the lowdown on how it went and what to look out for:
I recently wrapped up a two-week "work from mountains" stint in Pahalgam. If you are planning something similar, here is the lowdown on how it went and what to look out for:
Hey everyone,
I use multiple apps (HDFC PayZapp, Axis, Kiwi) to manage my credit cards. Most of the payments are made via Payzapp except for Axis and Kiwi cards. I shifted most billing cycles to the end of the month, and I often make partial payments before the 15th to keep my utilization under 30%.
The Pain Point:
If I pay a bill using one app, the other apps (especially PayZapp) don't sync. They still show the bill as unpaid.
How do you manage multi-app tracking without losing your sanity? Thanks!
Please note: I do not require transaction tracking. I am using the open-source software GnuCash to manually record all transactions, including credit card, banking, points, accounts payable and receivable, income, expenses, investing, and more. Once the bill is generated, I verify the transactions in GnuCash against the bill and add any missing transactions.
I am buying a Car with Axis M4B (already paid half amount, and the remaining amount is planned for June and July) and getting 8L+ Edge Reward Points. Most of this points will be converted to Air India Maharaja Points, and I am doing a lot of domestic travel now.
Current AI status is RED. How can I get higher status easily?
Why:
- Did 4 domestic flights in the last 2 weeks and some of them where with 1 stop. The lounge experience was horrible at some places and looks like travellers with Higher status have better lounges or dedicated area. I am okay with Economy / Premium Economy seats during the flights for domestic travel. So my aim to have better experience at airports.
- Tickets booked via points are not getting counted to status change via flight counts.
I am buying a Car with Axis M4B (already paid half amount, and the remaining amount is planned for June and July) and getting 8L+ Edge Reward Points. Most of this points will be converted to Air India Maharaja Points, and I am doing a lot of domestic travel now.
Current AI status is RED. How can I get higher status easily?
Why:
- Did 4 domestic flights in the last 2 weeks and some of them where with 1 stop. The lounge experience was horrible at some places and looks like travellers with Higher status have better lounges or dedicated area. I am okay with Economy / Premium Economy seats during the flights for domestic travel. So my aim to have better experience at airports.
- Tickets booked via points are not getting counted to status change via flight counts.
I am buying a Car with Axis M4B (already paid half amount, and the remaining amount is planned for June and July) and getting 8L+ Edge Reward Points. Most of this points will be converted to Air India Maharaja Points, and I am doing a lot of domestic travel now.
Current AI status is RED. How can I get higher status easily?
Why:
- Did 4 domestic flights in the last 2 weeks and some of them where with 1 stop. The lounge experience was horrible at some places and looks like travellers with Higher status have better lounges or dedicated area. I am okay with Economy / Premium Economy seats during the flights for domestic travel. So my aim to have better experience at airports.
- Tickets booked via points are not getting counted to status change via flight counts.
Planning to buy 10 acres and start black pepper farming. What's the average income I can expect per acre?
I have DCBM and M4B. With DCBM i can pay the amount and hit milestones for two quarters.
Looking for a better card to pay tax more than 10L+.
Can I get Bizblack as a salaried person, without any business income?
ITR: > 1Cr.
Cibil: 780
Planning to stay for 16 days either in Yanier or Chandanwari. Which one is best in terms of (1) View, (2) Rooms, (3) Food and (4): Network connectivity?
Any similar place close to Srinagar airport?
What's the rent for Ntorq for 15 days?
- Also, is public transportation available between these places?
- Once i reach a location, can I explore local view points via share or by walking?
