Tue, Jun 11, 2024
PSU banks hope that the three-year lock-in period of tax saving FDs may be attractive to investors. Public sector banks are worried as last year (FY24), their credit growth was higher than their deposit growth. As per the income tax rules, only 5-year FD falls in the category of tax exemption under Section 80C of the Income Tax Act.
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Wed, Mar 27, 2024
The interest earned as part of the Tax Savings FD is taxable and deducted at the source. But the interest is taxable only if it is more than Rs 40,000 on an FD in a financial year. For senior citizens, this limit is Rs 50,000.
Sat, Mar 16, 2024
March 31st is looming, and it's time to optimise your tax strategy! Join Vainavi Mahendra as she breaks down 5 essential factors for tax-efficient investing. From understanding the tax landscape to exploring investment options like ELSS funds and SIPs, learn how to minimise tax liabilities and maximise returns.
Fri, Jan 12, 2024
Fixed Deposit (FD) is a popular investment option among investors since it provides guaranteed returns and keeps them away from market risks. But not only an FD can be an option for fixed income, it can provide you the benefit of tax exemption. But all FDs are not tax exempted. Know how you can save tax through FDs.
Mon, Feb 28, 2022
In this episode of Money Guru, know how to make money in the ups and downs of the market?
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