s income tax slab rates. Moreover, the interest income is subject to TDS of 10% if the income from SBI FD exceeds INR 40,000 per annum. For senior citizens, the TDS threshold limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to SBI Bank, ...
Section 80TTB Income Tax exemption limit for senior citizens: The exemption is there on the Interest income of up to Rs 50,000 on savings accounts, fixed deposits, and recurring deposits from income tax forsenior citizens under Section 80TTBof the Income Tax Act. SBI Research recommended in i...
This scheme offers a 500-day fixed deposit tenor with interest rates up to 8.85% p.a for super senior citizens (80 years and above). The interest rate is 8.60% p.a. for senior citizens and 8.1% p.a. for regular customers. The scheme is available for a limited period only. It is ...
His appointment is valid for five years since taking the charge or until age 65, whichever is earliest. Five years are effective from October 27, 2023, when Sandip Garg assumed office as IBBI Whole Time Member. Garg had also served as a member of the Indian Revenue Service. He had also ...