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Fixed deposit

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(Querist)
29 December 2014 i wanted to invest Rs 400000 in fixed deposit in national bank. plz tell me how to avoid the tds on fixed deposit interest income. my income is below the income tax slab rate .
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Ravikant

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Ravikant (Expert)
29 December 2014 Submit Form 15G (Form 15H in case of senior citizen) in the bank. You can get this form in the bank itself. This you will have to submit every year in case you income is below the limit in future too.
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bishal

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bishal (Querist)
29 December 2014 is there any other option where i put money
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Ravikant

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Ravikant (Expert)
29 December 2014 PPF is another safer option.
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bishal

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bishal (Querist)
29 December 2014 is business man can open ppf account
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CA Parul Saxena

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CA Parul Saxena (Expert)
29 December 2014 Business man can open PPF but for his personal savings and not for profit of the business
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Rupesh Jain

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Rupesh Jain (Expert)
29 December 2014 yes business man or any man or HUF can open the PPF a/c
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 November 2021 No. HUF cannot open PPF account.
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