[ad_1] POTD vs bank tax-saving FDs: Every quarter, the government updates the interest rates of small savings schemes. For the April-June 2024 period, the rates remain unchanged for all 10 schemes, including the 5-year Post Office Time Deposit (POTD). Additionally, many banks provide tax-saving benefits on 5-year fixed deposits.As per an ET, here’s how the…
[ad_1] Tax-saving FDs: As the financial year approaches its end on March 31, many individuals seek avenues to invest their earnings and save on taxes. If you want to save tax by investing, consider Tax-saving Fixed Deposits (FDs). They offer deductions of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961.However,…
[ad_1] Senior citizen tax-saving FDs: As you age, it’s best to pick safer investments, experts say. That’s why many senior citizens like putting their money in stable options like bank fixed deposits (FDs). Plus, investing in five-year tax-saving bank FDs gives you tax perks. However, it is important to note only those who stick with…