2 Replies to “for tax saving purpose which policy will be better or Fixed deposit ?”

  1. You do not get any tax benefit for Fixed Deposit or interest thereon. If tax benefit is the motive better take insurance cover. The premium payment ranks, along with other eligible deductions up to Rs one lakh per annum from taxable income. Also the maturity amount together with bonus is not taken as taxable income.

    So if the choice is between FD and Insurance, better take insurance, as you also get life coverage.

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