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Investors is claim deductions for as much as Rs. step 1.5 lakh Website per financial year less than area 80C to Rs 1,50,000 underneath the Tax Work, 1961. The eye try placed into the cash of the taxpayer and taxed during the applicable tax slab costs. In the laymen words Fixed put function placing a fixed matter in the a bank otherwise low-banking financial companies to locate guaranteed desire earned on your very first invested count.

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