Comments on: Tax Savings on Term Deposit under Section 80c

By: pratik

pratik — Sun, 08 Aug 2010 08:20:38 +0000

Dear,

My Dad has own the bank shares,and he is exempted from any TDS on FD of higher amount also.
How is this possible.please explain in detail?

Regards,
Pratik Agrawal

By: Expected Changes on Tax Savings Fixed Deposit (Union Budget 2010-11)

Expected Changes on Tax Savings Fixed Deposit (Union Budget 2010-11) — Sun, 21 Feb 2010 04:27:00 +0000

[...] bank deposits and save the tax. Most likely this budget may amend the existing restrictions on tax saving fixed deposits. Nowadays most people prefer the mutual funds as the tax savings instrument because of their 3 [...]

By: UMESH

UMESH — Sun, 17 Jan 2010 14:35:09 +0000

difference between tax saving FD AND post office NSC.

By: PNB Tax Saver Fixed Deposit Scheme

PNB Tax Saver Fixed Deposit Scheme — Wed, 13 Jan 2010 07:02:40 +0000

[...] have written posts about the tax savings fixed deposit and why the fixed deposit is good for the monthly income. This will be suitable when the interest [...]

By: MAHENDR PAL

MAHENDR PAL — Thu, 24 Dec 2009 14:04:17 +0000

FD TAX SAVING PLAN PROCEDURE

By: Prashant Tripathi

Prashant Tripathi — Mon, 07 Dec 2009 11:42:47 +0000

Dear krishna
what is the treatment of matured F.D amount , it will be taxable or not?
On whose name F.D could be taken by Assessee?

By: Interest on Tax Savings Term Deposit

Interest on Tax Savings Term Deposit — Sat, 22 Aug 2009 08:37:59 +0000

[...] How to avoid TDS on Fixed Deposit? Top 5 Rules for Fixed Deposit Investment Fixed Deposit for Monthly Income Tax Savings on Term Deposit under Section 80c [...]

By: krishnas

krishnas — Sat, 08 Aug 2009 05:19:51 +0000

Yes Bijoy,

That is one drawback in the scheme. TDS will be deducted when interest payable or reinvested per customer, per branch, exceeds Rs 10,000 in a financial year. So, for one lac it won’t cross Rs.10000 per year in the current interest rates.

Thanks,
Krishna

By: Bijoy

Bijoy — Fri, 07 Aug 2009 22:00:01 +0000

I didn’t understood the utility of this Fixed term deposit.
If the interest is taxable then where is the tax savings?

Taxes are never deducted on the principle amount, its always calculated based on the interest earned. How is this different than a regular FD when the rates are same.

By: Neha

Neha — Thu, 28 May 2009 18:40:42 +0000

Padriwale decision boards provides an comparative tables of all banks where you can easily take decision to invest your money for fixed deposit. It is really helpful to you for choosing best interest rate of fixed deposit in any indian bank. So choose your best fixed deposit interest rate by this url http://www.padriwale.com/decisionboard/fixed_deposit.aspx