IndianMascot
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I am back after a long time with another investment related query. 😉
Since last few days i have been investing my mind to understand the FAQs of 5 Year Term Fixed Deposit Schemes which are Tax Free i.e no TDS. But unfortunately my thick skin brain is unable to understand their banking language. So, my question is :
1. How to go ahead for a Tax Free Fixed Deposit Scheme ?
2. Do TDS of 10% is charged on all Normal Fixed Limit or there is some Limit when not crossed remain Non-taxable.
3. How will interest be calculated. Monthly, Quarterly or Yearly ?
4. If interest is calculated quarterly or above, will the earned Interest amount be credited into my S/B account monthly or quarterly ?
I have more questions, 😀 but holding it till i get above answers . Hope my good old friends will reply back soon 🙂
Since last few days i have been investing my mind to understand the FAQs of 5 Year Term Fixed Deposit Schemes which are Tax Free i.e no TDS. But unfortunately my thick skin brain is unable to understand their banking language. So, my question is :
1. How to go ahead for a Tax Free Fixed Deposit Scheme ?
2. Do TDS of 10% is charged on all Normal Fixed Limit or there is some Limit when not crossed remain Non-taxable.
3. How will interest be calculated. Monthly, Quarterly or Yearly ?
4. If interest is calculated quarterly or above, will the earned Interest amount be credited into my S/B account monthly or quarterly ?
I have more questions, 😀 but holding it till i get above answers . Hope my good old friends will reply back soon 🙂