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Benefits of Investing in a Fixed Deposit Scheme - FactoryExtreme

When people begin earning money, saving becomes their goal. After securing a stable income, they should consider various investment options like an FD from their bank. The fixed deposit scheme is a great instrument of investment that gives you high monetary returns after maturity. If your financial plan includes a future fixed deposit scheme, then

FD Interest Rates Calculator: A Must-Have Tool for Every Investor -

The current market scenario and economic conditions indicate that every earning individual must amp up their investment strategy to cushion against the cost of inflation. While many citizens prefer investing in equity and other instruments with market risk, others have a risk-averse attitude. Are you looking for a secure investment option that can assist you in …

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Are Fixed Deposit Interests Taxable in India? - Magzine

Fixed Deposits (FDs) are a popular investment option in India, known for their safety and  stable returns. One of the critical considerations for investors is understanding the tax  implications of their FD earnings. This comprehensive post will explore whether interest  earned on FD interests is taxable in India, the tax treatment of FD income, and strategies to  optimise tax on FD returns.    What is an FD?   An FD is a financial instrument offered by banks and financial institutions where investment  is made in lump sum amount for a specific period at a predetermined interest rate. The  investment is safe as the principal amount and interest earnings are fixed, providing a  predictable return.    Key Features of FDs ●Fixed Tenure: FDs have a predetermined lock-in period, ranging from a few days to  several years.  ●Fixed Interest Rate: The interest rate remains constant throughout the tenure,  shielding investors from market fluctuations. ●No Liquidity until Maturity: Premature withdrawals may incur penalties, making FDs  suitable for individuals with stable financial planning.    Taxation of FD investments  Tax on Fixed Deposit (FD) is the taxation of the interest income earned from FD investments  in India. FDs are a popular investment option due to their safety, predictable returns, and  ease of access. However, investors must be aware of the tax implications of FD interest  earnings to plan their finances effectively.    Tax on FD Interest for Regular Individuals Interest earned from fixed deposits is taxable per  the individual’s income tax slab. The income is added to the individual’s total income and  taxed at applicable tax rates. The income is reported under the head of “Income from Other  Sources” under the Income Tax Act.    Tax on FD Interest for Senior Citizens For senior citizens (60 years or above), a specific  provision exists under the Income Tax Act, providing them with a higher threshold for tax  exemption on FD interest. Senior citizens can avail of a higher tax exemption, up to Rs.  50,000 per financial year, on interest income earned from deposits, including FDs. This  concession is under section 80TTB.    Tax Deducted at Source (TDS) on FD Interests Banks are responsible for deducting TDS at  the time of interest payment. The TDS threshold for regular individuals is Rs 40,000. If the  total interest income from all FDs in a financial year exceeds Rs 40,000, the bank deducts  TDS. For senior citizens, the TDS threshold is Rs. 50,000 on FD interest.    Strategies to Minimise Tax on FD Returns    Tax-Saving FDs –  Tax-Saving FDs, also known as Tax-Saver FDs, offer investors the benefit of  tax deductions under Section 80C of the Income Tax Act. Investments made in these FDs  qualify for deductions of up to Rs 1.5 lakh from the investor’s taxable income. However, it’s  important to note that tax-saver FDs come with a lock-in period of five years, meaning  premature withdrawals are not allowed.  Splitting FD Investments Across Financial Years Investors can consider splitting their FD  investments across different financial years to keep the interest income below the TDS  threshold. By spreading investments, they can avoid TDS deductions on their FD returns. This  strategy is particularly helpful for individuals in lower tax brackets who wish to minimise tax  liabilities.    […]

Take the first step towards financial freedom - Invest in Fixed Deposit

When it comes to choosing a Fixed Deposit plan, it's important to consider your financial goals and investment horizon. Whether you're looking for short-term or long-term investments, there are various Fixed Deposit plans available to meet your needs. Some plans offer fixed interest rates for longer investment periods, while others provide flexibility in terms of early withdrawals or monthly interest payouts. with the right Fixed Deposit plan, you can achieve your financial goals and grow your savings with ease.

Take Control of Your Finances Use FD Calculator Now

Looking for a way to maximize your savings? Try using a comprehensive Fixed Deposit formula to calculate your earnings. With this formula, you can determine the interest you'll earn on your Fixed Deposit and make informed decisions about your investments. FD calculation formula is easy to use and provides accurate results. invest wisely and start earning more today!

Tax saving Fixed Deposits - Invest Now And Save

Want to reduce your tax bill and earn a guaranteed return on your investment? Look no further than a tax saving fixed deposit! With flexible tenures and competitive interest rates, this investment option is a smart choice for anyone looking to save for the future. Don't miss out on the opportunity to grow your wealth and save on taxes - open a tax saving fixed deposit today!

Get an Education Loan and Achieve Your Educational Dreams

Invest in your future with education loan options! Whether you're pursuing a degree or looking to upgrade your skills. Education loans offer quick and easy financing with minimal documentation, competitive interest rates, and flexible repayment terms to help you finance your education. Apply for an education loan today and take the first step towards your dream career!