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Tax-saving fixed deposits

A special category of fixed deposits where the investor gets the benefit of a tax break when they invest a sum of money in the deposit. The maximum benefit is available up to an investment of Rs 1 lakh and there is a lock-in period of 5 years in the deposit.

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Bank Fixed Deposits

News On Tax saving fixed deposits
Five tax saving fixed income options up for grab

23-03-2015| Source:Moneycontrol.com

Governement of India offers these time tested tax saving investment products that offer assured returns

Budget 2015: TDS provisions for individual tax payers make it taxing

05-03-2015| Source:Moneycontrol.com

Union budget has proposed to deduct tax at source on interest in excess of Rs 10000 earned on fixed deposits across branches of bank

Union Budget 2015: TDS rules on fixed deposit interest become more stringent

03-03-2015| Source:Moneycontrol.com

The budget proposes to make present TDS limit for tax deduction applicable in respect of fixed deposits with all the branches taken together, as compared to each branch earlier

Budget pinch: Pay tax on interest from recurring deposits

02-03-2015| Source:Moneycontrol.com

Now the recurring deposits have been brought under the TDS ambit which means that if your earnings in a year from recurring deposits are more than Rs 10,000 then there will be an amount deducted

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