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fd interst exeption
intrest from fd is exempt or taxable ??????
Replies (3)
interest from fixed deposit is fully taxable.
*Senior Citizens can get up to Rs 50,000 per year in FD interest tax-free and no TDS will be deducted for interest received up to Rs 50,000 per annual for them.
But deduction is available upto Rs 50000 for senior citizen u/s 80TTB
if u are 60+ then u will get deduction upto 50000 u/ s 80ttb
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