How to save money in Fixed deposits?
Friday, February 20th, 2009
ani123 asked:
Hi everybody, my father s going to retire this month…. he is getting some major amount(lik PF etc)…. really we dont know wht to do with this money…. if anybody hav ideas pls pass it me… at present all the money we r planning to do fixed deposit… but in banks the interest amount above 10,000/yr we need to pay 10.5% tax….. anybody know how to save this money without paying tax… any option s there ….pls guide me…..
Hi everybody, my father s going to retire this month…. he is getting some major amount(lik PF etc)…. really we dont know wht to do with this money…. if anybody hav ideas pls pass it me… at present all the money we r planning to do fixed deposit… but in banks the interest amount above 10,000/yr we need to pay 10.5% tax….. anybody know how to save this money without paying tax… any option s there ….pls guide me…..
Thanks