Interest on Tax Saving Fixed Deposit in various financial years Best Tax Saving Fixed Deposit
No, it doesn't help you in saving income tax. But it will help you from TDS, which is deducted when your interest income is more than Rs 10,000/-.
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Budget 2015 RD FD TDS Income Tax
... will remain fixed throughout their respective tenures even if the government announces new rates starting April 1, 2013 and in the subsequent years.
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Showing Tax deductions for Tax Saving Fixed Deposits
Also, the interest is taxed at the time of maturity at the tax rate decided by your slab.
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... Form 16 A TDS on bank FD pic ...
Save tax with Fixed Deposits
BENGALURU: With the financial year coming to an end, many people are unsure of how to save tax by opting for tax saver fixed deposit (FD).
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Show Saving Bank Interest under section 80TTA
You could claim deduction of upto Rs. 10,000 under section 80 TTA for 'Interest on Savings Account', which has been explained below:
According to the advertisement, it's a five-year tax savings FD.Scanned copy of the ad
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The most important among them is these deposits have a lock-in period of 5 years. Premature withdrawals and loan against these FD's are not allowed.
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Please find below comparison of tax adjusted returns from FDs & Debt Funds:
If your total tax liability is more than the TDS that has been deducted you would be required to pay the tax shortage. If the total tax liability is less ...
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In that case, you need to enter the amount & tenure for which you need to make the e-MOD deposit. You can issue cheque from your saving account and if money ...
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