2006-09-25 23:32:55 · 6 answers · asked by premanarayan 1 in Business & Finance ➔ Taxes ➔ India
Yes, Now tax benefit is allowed
Up to Rs 1lakh of deduction can be availed on the fixed deposits made with any nationalised bank in India. So just go to any bank and put money for a fixed term of five years and claim that much amount as deduction from total income of that year.
2006-09-26 15:34:50 · answer #1 · answered by q4tax 3 · 0⤊ 0⤋
Go to any nationalised banks or a scheduled co-op bank like-
1. SBI
2. Bank of India
3. Punjab National Bank
4. Dena Bank
5. Andhra Bank
6. Bank of Maharashtra
7. Cosmos Coop Bank
8. Abhuday Coop Bank
9. IDBI Bank
10. ICICI Bank
11.HDFC Bank
2006-09-25 23:39:30 · answer #2 · answered by Ambarish V 1 · 0⤊ 0⤋
ICICI Bank Online
How can I (if at all) avail the repatriability benefit? ... Can I avoid paying tax by extending fixed deposite duration to 3 years or so and ...www.icicibank.com/pfsuser/icicibank/nriservices/sawaljawab/28march.htm
2006-09-25 23:37:00 · answer #3 · answered by Pooja T 2 · 0⤊ 0⤋
I don't think a bank can give this facility - try.
2006-09-25 23:50:49 · answer #4 · answered by SA-bic 4 · 0⤊ 0⤋
hi expensive confident you will desire to declare the activity earnings even though it matures interior the subsequent twelve months. TDS deduction is @ 10.3% and because your earnings is interior the 30p.c.Slab you will would desire to pay the variation
2016-12-18 17:08:55 · answer #5 · answered by hyre 4 · 0⤊ 0⤋
YES YOU CAN AVAIL ,LOCK IN PERIOD IS 5 YEARS
2006-09-25 23:51:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋