if we have F.D in bank can we get any tax benefit for that for principle or int any
if we have F.D in bank can we get any tax benefit for that for principle or int any
You can claim the TDS that the bank has deducted for your interest income in your tax computation. But dont forget to include your interest income under taxable income.
Yes u can get benefit of FD .It is covered under sec 80c limit of Rs.1,00,000.But FD period should be atleast for 5 yr.
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