Tax Saving Fixed Deposit

 

Apply online Tax Saving Fixed Deposit





1 Individuals and HUFs are eligible to open a tax saving fixed deposit account and claim tax deduction up to `1.5 lakh in a financial year for the amount invested.

2 Such deposits are only available for 5-year tenures and can be opened with any bank, except cooperative and rural banks.

3 The interest earned is taxable at the marginal rate applicable to the tax holder, while the maturity proceeds are tax-exempt.

4 Tax-saving deposits are locked for the 5-year period and not available for premature encashment or pledging for a loan.

5 The deposits can also be opened jointly. In such cases, the tax benefit is available only to the first account holder.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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