« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  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.