Re: [AI] What are the differences between Standard FD and taxable FD?

2021-08-14 Thread Minar Singh
Hi Vaibhav, Thank you so much for the clarification. Do you know any LIC pension plan? I'm in search of good retirement LIC pension fund plan. On 8/14/21, Vaibhav Saraf wrote: > Hi, > 5 year FD will not attract any taxes. As you understand you can also get > that amount exempted under Section

Re: [AI] What are the differences between Standard FD and taxable FD?

2021-08-14 Thread Vaibhav Saraf
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

[AI] What are the differences between Standard FD and taxable FD?

2021-08-14 Thread Minar Singh
Hello, I would like to know What are the differences between Standard FD and taxable FD? I would like to make 15 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 15. How much tax is