5 Replies to “If I invest money in nationalize bank like fix deposit, can I get any refund in income tax?”

  1. This is only Investment. SO in incometax act told UPTO 1,00,000 investments exempted from your income ok than you calculated the your taxable income after that you think about refund ok

  2. If you deposit money in Nationalised Bank in Fixed deposit of 5 years or more, then you will get a rebate under Sec 80C within the overall limit of Rs 1.00 lac. This way you can save tax.

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