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250 Crores in Previous year 25 Gross Turnover exceeding.Get higher returns and stability on your savings with Fixed Deposit for senior citizens from Bajaj Finance.Save on total premium.For details on the riders- Max Life Waiver of Premium Plus Rider (UIN104B029V02) Max Life Comprehensive Accident Benefit Rider (UIN104B025V02) please refer to the Rider prospectus on m MAX life online term plan plus (UIN - 104N092V03).Come Tax slab for firm Income Tax : 30 of taxable income.Applicable Income Tax and Tax Deduction-, although fixed deposit is a secure and profitable medium of investment, the interest earned through it is taxable according to the tax slab of the individual.
No tax, income from Rs 2,50,000 Rs 5,00,000 5 4 of Income Tax, income from Rs 5,00,000 10,00,000 20 4 of Income Tax, income more than Rs 10,00,000 30 4 of Income Tax, surcharge: 10 of income tax, where total income exceeds.50 lakh.
Standard deduction, the budget announced a standard deduction of Rs 40,000 for salaried employees, but it also did away with the tax exempt annual transport allowance of Rs 19,200 and medical reimbursement of Rs 15,000.
Withdrawal of Fixed Deposits-, encashment of fixed deposits can be done on submitting the fixed deposit receipt issued.Tax advantages for senior citizens.If the depositors taxable income including the interest earned on FDs is below the exempted limit, no tax is charged from the depositor.Even when the loan is disbursed, the bank keeps on paying interest to the investor on his FD which is the biggest benefit of this kind of loan.Coverage Till Age 85, cover against death till age 85 years #You may be entitled to certain applicable tax benefits on your premiums and policy benefits.
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