which fd is tax free

how much interest on fd is tax free ? or which fd is tax free?

how much interest on fd is tax free ? or which fd is tax free?

Anjan Biswas

A fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs.1.5 lakh per annum by investing in a tax-saving fixed deposit account. The minimum investment that can be made in a tax-saving fixed deposit is Rs 100, whereas the maximum limit is Rs 1.5 lakh per financial year. The minimum tenure for a term deposit under the Tax Saving Scheme is 5 years.