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Taxpayers have always regarded the Public Provident Fund as one of their favourite tax-saving strategies.
The fact that PPF qualifies for exempt-exempt-exempt tax status is one of the main causes of this popularity.
Your PPF accounts can be opened at a bank or post office.
One of the income tax reduction plans offered to older citizens in India is the senior citizen savings plan.
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One of the safest methods for tax savings is tax-saving fixed deposits.
In terms of risk and returns, they are less risky than equity investments.
The interest rates are set by the banks and are influenced by several factors.
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The conditions needed for a person to be eligible to deduct the interest component of a mortgage from taxes are: For the purchase or building of a house, a home loan is required.
Within five years after the end of the fiscal year for which the loan was obtained, the house must be built.
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