How fixed deposit can be used in tax planning

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Article assistant
29 Points Posted on 30 March 2013
Want to know the benefits of Fixed Deposits in Tax palnning or other benefits, if any.....
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On 30 March 2013 at 13:42 Report
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Wealth Manager
5293 Points Posted on 30 March 2013

Investment in Fixed deposit of not less than 5 years in a SBI is available deduction u/s 80C.  

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On 30 March 2013 at 16:21
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Consultant
270 Points Posted on 31 March 2013

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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On 31 March 2013 at 15:18

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