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Why You Should Invest In ELSS For Twin Benefits Of Tax Saving & Wealth Creation

Why You Should Invest In ELSS For Twin Benefits Of Tax Saving & Wealth Creation
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Investment ideas: Term deposits vs Fixed deposits What is the basic difference?

Highest senior citizen tax-saving FD interest rate: SBI, HDFC Bank, ICICI Bank, PNB, Yes Bank

By investing in these Tax-Saving Fixed Deposits, senior citizen investors can deduct up to Rs 1.5 lakh per year. Senior citizens usually receive slightly higher interest rates from banks. A senior citizen tax-saver FD can be opened by anyone 60 years of age or older.

How does Axis Bank offer Benefits on the FD Rate to Senior Citizens?

Searching for tax saving options? Here s a complete guide for you

Updated Mar 09, 2021 | 06:04 IST Taxpayers must remember that tax deductions/exemptions are only available under the old tax regime. People who have already opted for the new regime will not be able to claim any deduction or exemption.  Searching for tax saving options? Here s a complete guide for you  New Delhi: Tax planning is one of the most important financial tasks every financial year. Proper tax planning helps you reduce your tax outgo while investing in instruments that will offer you some benefits. The last date for making tax-saving investments for the financial year 2020-21 is March 31. This is your last chance to maximise tax benefits under various sections, unless the finance ministry extends the deadlines again like it did the last time due to the COVID-19.

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