Gmail filters don't work if it is set up to both label and then delete incoming mails

I have a bunch of filters that are designed to:

1. Label the mail into a particular label
2. Mark the email as read
3. Delete the email

The reason why I need to label some mails is that while I don't want these mails in my inbox (or Archive), I might need them in the short term (in less than 30 days). This might include order updates or OTPs. In these cases I can go to the trash and put another filter by label to search of such emails.

I've provided an example of such a filter below (screenshot). The problem: the filter only applies the label and marks it as read. It does not delete the email, leaving it on my inbox!