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saving tax
Can I use fix deposite in bank to save my tax
Replies (6)
yes.
you can. but make sure you are investing in 5 year tax saving fixed deposit. The investment shall b eligible for deduction under section 80C.
you can. but make sure you are investing in 5 year tax saving fixed deposit. The investment shall b eligible for deduction under section 80C.
please explain I am not getting the actual meaning
You can use FD(Fixed Deposit) for tax saving Under Section 80C.. Interest on saving account is also save tax but upto rs10000 under section 10tta.
You will have to make fixed deposit which is basically a tax saving FD. the maturity term shall b 5 year for that FD.
The amount of FD that you make, you can claim as deduction to save your tax.
The amount of FD that you make, you can claim as deduction to save your tax.
AS PER MY PERSONAL OPINION, YOU HAVE TO GO BANK AND ASK BANKER I WANT TO MAKE AN TAX SAVER FD. THAT IS PERIOD FOR 5YEAR.
ITS MY PERSONAL OPINION, IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE.
ITS MY PERSONAL OPINION, IF ANYBODY HAVE DIFFERENT VIEW THEN VIEWS ARE WELCOME. THANKS. DISCLAIMER: ITS NOT PROFESSIONAL ADVICE.
There are some fixed deposits with banks or post offices which give tax benefits as interest is exempted under section 80c. They have some fixed time of maturity (let's say 5 years). Before that if you withdraw amount then income tax will be charged on interest as no deduction is allowed.
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