Question 1

What is FD?

Accepted Answer

FD is fixed deposit It is a type of saving in which money deposited for fixed long period.

Question 2

What is insurance tax relief?

Accepted Answer

Insurance tax relief is a tax break given to businesses that buy insurance. This break can reduce the amount of income that is taxed.

Question 3

Who can claim FD and insurance tax relief?

Accepted Answer

If you’re a company, you can claim FD and insurance tax relief if you’re in receipt of benefits from a state-provided pension, state-provided retirement income, state-provided annuity, or state-provided disability income.

Question 4

How much can be saved with FD and insurance tax relief?

Accepted Answer

With an FD account, you can earn interest on your deposited funds. And, if you have a life insurance policy, you can get a tax break on the premiums you pay. Both of these options offer a great way to save money.

Question 5

Can FD and insurance tax relief be used together?

Accepted Answer

If you have FD, you can claim tax relief on your insurance premiums. This means that you can reduce the amount of tax that you pay by claiming the FD tax relief on your insurance premiums. The tax relief is available if you have paid insurance premiums for at least 12 months in the tax year.

Question 6

How to do tax saving?

Accepted Answer

If you are an Indian and want to save income tax, then related information has been provided in this post.

Question 7

How to save tax with government schemes?

Accepted Answer

The government is running many schemes for tax saving, in which you can easily save lakhs of rupees, in which information related to 7 government schemes has been provided.

Question 8

How to save tax with fixed deposit?

Accepted Answer

You can get tax saving or income tax exemption up to 1.5 lakh rupees by opening a fixed deposit account in any bank. rajkotupdates.news : tax saving pf fd and insurance tax relief,

Question 9

How to save tax in the name of daughters?

Accepted Answer

If you also want to save tax in the name of your girl child, then under Kanya Samridhi Yojana you can get income tax exemption on the amount of 1.5 lakh rupees. rajkotupdates.news : tax saving pf fd and insurance tax relief

Question 10

How to get income tax exemption in the name of parents?

Accepted Answer

You can get income tax exemption of lakhs of rupees under Senior Citizen Pension Scheme. rajkotupdates.news : tax saving pf fd and insurance tax relief

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