Minimum Lock-in Period
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Bank Fixed Deposits (FDs) That Help You Save Income Tax Under Section 80C
Income tax-saving bank fixed deposits (FD) have a minimum lock-in period of five years. The interest rate offered on income-tax saving deposits is typically the same as offered on normal fixed deposits.
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
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Bank Fixed Deposits (FDs) That Help You Save Income Tax Under Section 80C
Income tax-saving bank fixed deposits (FD) have a minimum lock-in period of five years. The interest rate offered on income-tax saving deposits is typically the same as offered on normal fixed deposits.
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
