« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  I-T dept holds TDS symposium... Agri income likely to stay out of tax net... » PNB tax-saver FD scheme August, 21st 2006 Punjab National Bank has announced a scheme for investors looking to park their funds in term deposits of five years and above along with the availability of tax benefits under Section 80C of the Income-Tax Act. A bank release said that customers can now open `PNB Tax Saver Fixed Deposit' accounts at any branch with initial deposit of Rs 100 only or in multiples thereof subject to maximum deposit of Rs 1 lakh a year for a period of five years and maximum of 10 years. The rate of interest is eight per cent per annum and 8.5 per cent for senior citizens.To avail Section 80C benefits, the lock-in period is five years. Under the scheme, the investor can choose income option (outflow of interest) or maturity option.