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How fixed deposit can be used in tax planning
Want to know the benefits of Fixed Deposits in Tax palnning or other benefits, if any.....
Replies (2)
Investment in Fixed deposit of not less than 5 years in a SBI is available deduction u/s 80C.
EVEN THOUGH MORE THEN 5 YEAR FDR IS AVAILABLE AS DEDUCTION BUT ITS INTEREST IS FULLY TAXABLE AND IF U FALL I 30% SLAB THEN ITS EFFECTIVE YIELD IS VERY LOW AS COMPARED TO P.P.F.
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