Mihir Tanna |1069 Answers |Ask -Follow
Tax Expert - Answered on Oct 11, 2022
If I earn 5% interest on Rs 1 crore FD, it would be ~5 lakh per year, which should be tax free. What is your opinion?
Similarly, if you invest interest income on FDs, in tax saver mutual funds (which have lock-in period of 3 years), you will get deduction u/s 80C up to specified limits.
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