ilmscore | Prediction Details
"Here's the simple map you have 10 lakh Rupees you can invest them in your name or your mother's or your father's name FD rate of interest is 6% for you but is 6 and 1 12% for senior citizens and super senior citizens so while you get only 60,000 Rupees as interest income your parents get 65,000 rupees taxation wise at 30% tax bracket your taxes are at a whopping 18,000 rupes for them even they have the same income they fall under the 5% bracket and taxes are only 750 rup"
By Finance With Sharan | April 29, 2023 | Pending
From video
The ULTIMATE Guide to SAVING TAXES Through FAMILY | Finance With Sharan 00:02:34 - 00:03:07
Interpreted Prediction
Investing ₹10 lakh at a 6% interest rate yields ₹60,000 for an individual (taxable at 30% = ₹18,000), but yields ₹65,000 for senior citizens (taxable at 5% = ₹750), demonstrating significant tax savings.

Prediction Details

Topic
Tax Savings Example (Investments)

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