TAXES ON RE­TURNS FROM SCHEMES VARY

Deccan Chronicle - - Money -

se­nior cit­i­zen, in­ter­est up to

`50,000 in a fi­nan­cial year from all fixed and re­cur­ring de­posits is ex­empt from tax un­der Sec­tion

80TTB. Above this limit, the in­ter­est earned is tax­able as per the in­vestor’s slab.

Tax Ef­fi­ciency & Re­turns Rat­ing: 2.5/5 for reg­u­lar in­vestors; 3.5/5 for se­nior cit­i­zens.

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