LatestIncome Tax 5 July 2026
FD Rates Up 8.3% for Seniors
The fixed deposit rates have increased to 8.3 percent for senior citizens investing for three years. The Section 87A tax rebate applies to income up to Rs 12 lakh under the new tax regime for FY 2025-26. Senior citizens can submit Form 15H to avoid tax deduction at source and claim the tax rebate on their fixed deposits.
Fixed deposit rates have increased to *8.3 percent* for senior citizens investing for three years. Key benefits include:
- High interest rates for senior citizens
- Tax rebate under Section 87A for income up to Rs 12 lakh
- Option to submit Form 15H to avoid tax deduction at source.
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