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Monday, 13 February 2017

The Ways You Can Be Benefitted Out of a Fixed deposit

We choose to invest for our potential savings for securing your future, for funding child’s education or saving for an overseas travel. But, how can you be benefitted out of this investment must be your key concern as an investor.

Though we all know that the first and the foremost disadvantage of a fixed deposit is the tax cuts. But, if you plan smartly and work accordingly, you can surely get tax benefits. Like, if your interest amount exceeds Rs. 10,000, you will be in the bracket of TDS deduction. But, you can still do away with this tax.
Do your homework well and then decide upon what scheme you want to opt for. Keep an eye on the different factors of a fixed deposit like tenure and your rate of interest to build a control on your tax deduction.
There is one more way of reducing the tax deduction like splitting the principal amount and invest partly. This will also help you to save a lot. To know more about such tricky tactics, read: http://fixed-deposit.launchrock.com/

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