Tax Conserving FDs are dealt with down payment schemes provided with each banking company and send workplaces that allow income tax reduction under period 80C. These FDs have a lock-in duration of five years as well as offer a maximum of Rs.1. 5 lakh tax exemption (at the major quantity). Having said that, the profits of such units are answerable for taxes. http://sqworl.com/jh5zvl
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