What are Tax Savings FDs?
Tax Saving FDs are fixed deposits that offer tax exemption under the Income Tax Act, Section 80C. The lock-in period is 5 years. Investing in this FD scheme will offer a Tax deduction of ₹1.5 lakh.
What are Tax Savings FDs?
Tax Saving FDs are fixed deposits that offer tax exemption under the Income Tax Act, Section 80C. The lock-in period is 5 years. Investing in this FD scheme will offer a Tax deduction of ₹1.5 lakh.