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(Querist)
01 February 2014 Please Solve my Query

1] FD in Bank 1,00,000/- for 5 Years

How Many Amount Exemption in Income Tax

2] How Many Years FD Invest,necessary for rebate of FD in Income Tax.
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@VaibhavJ

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@VaibhavJ (Expert)
01 February 2014 Hi

Interest on FD is taxable. Tds deducted once interest to be earned is greater than Rs. 10k

For tax saving FD time lock is for 5 years

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