Effective from 2006,one more instruments was added in 80C section of Income Tax (though its already overcrowded) and it was Tax saver fixed deposit.Invest in bank deposits for 5 yrs and get tax benefit u/s 80C. Today we will take a look at such tax saver fixed deposits,how they differ from normal fixed deposits,what are…
Case Study – Bank Deposits Or PPF Which One To Select For 80C Benefits:
Santosh is in great dilemma.He have a scope for investment of Rs.50,000 U/S 80C and save some tax.He have invested Rs.50000/- in ELSS and insurance policy already and want to have some safe investment for remaining amount. When any one talk about safe investment U/S. 80C,two options always comes in mind. Tax Saver fixed deposits…