If you are an individual looking to boost your savings without risking your hard-earned money, then Fixed Deposits (FDs) might be the right choice for you. Designed with a guaranteed interest rate, FD schemes are preferred by several Indian investors. However, the financial institution offering you FD can deduct a portion of your earnings as Tax Deducted at Source (TDS) if your interest income exceeds a certain limit. In this blog, you will explore effective strategies on how to save tax on FD interest, ensuring you maximise your savings and keep more of your earnings in your pocket. What Is…
Thursday, July 23