Hi, 5 year FD will not attract any taxes. As you understand you can also get that amount exempted under Section 80C upto 150k.
If you withdraw it prematurely then get added to your income in the withdrawal year. No taxes in case of withdrawing a matured FD of this kind. Tax rate on the interest of a Standard FD will depend on the tax slab you fall in. HTH Vaibhav On Sat, 14 Aug 2021 at 16:14, Minar Singh <[email protected]> wrote: > Hello, > I would like to know What are the differences between Standard FD and > taxable FD? I would like to make 150000 FD for 5 years. This amount is > a part of savings deposite will it attract any tax if I go for FD? I > think taxable FD is for saving taxable income up to 150000. How much > tax is applicable on standard FD for 150000? Any alternate of FD and > RD for growing money? Any good LIC plan? I'm not willing to take risk > so mutual fund is not for me. Suggestions will be your's and decision > will be mine! Please suggest me any good LIC pension fund plan. I'm > not willing to go for NPS again market risk comes in to the picture. > PPF has no Pension plan like EPF. > > -- > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking of > the person sending the mail and AI in no way relates itself to its veracity; > > 2. AI cannot be held liable for any commission/omission based on the mails > sent through this mailing list.. > > > Search for old postings at: > http://www.mail-archive.com/[email protected]/ > --- > You received this message because you are subscribed to the Google Groups > "AccessIndia" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/CALLUjUaFwqrrjyxd5G%3DJWTV9Gb5sMcbBrOhpDmukdkLvBYcRSA%40mail.gmail.com > . > -- Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/[email protected]/ --- You received this message because you are subscribed to the Google Groups "AccessIndia" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/CAAx3Jh3NTZQOHe4mfQ%3DFBOUEenvp6L19eM_0QK0RpcOE0imoJQ%40mail.gmail.com.
