2min chapter

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[Podcast] Here’s why taxes impact your investing decisions

Capitalmind Podcast

CHAPTER

The Importance of FD in Income Tax

Before 2023, FDs are the taxation hasn't changed. The FDF fixed deposit would be tax income slab throughout. After 3 years of inflation indexation, effective tax rate is so low that your return is 6.6%. So you only pay 0.4% to the government as a tax - which is quite remarkable because I assume 5% inflation here.

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