10 things to remember while investing in tax saving fixed deposits (FDs)
Fixed deposits that qualify as “tax-saving FDs” (Fixed Deposits) under Section 80C of the Income Tax Act provide tax advantages to investors. By purchasing tax-saving FDs, investors may deduct up to Rs. 1.5 lakh from their annual taxes. However, interest earned on these FDs is taxable as per the investor’s income tax slab rate. Being…