Do you know how to avail tax rebate on your FD account?
If a person is below 60 years of age and his annual income is up to Rs 2.5 lakh, he doesn’t have to pay tax on the interest earned
For account holders with taxable income, banks deduct TDS at 10% interest. However, if the depositor does not provide his PAN card, 20% TDS is levied.
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The benchmark BSE Sensex has gained nearly 10% YTD, while the broader BSE Midcap and Smallcap indices have advanced 25% and 37%, respectively, during the same period.
Published: April 5, 2021, 15:45 IST
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