Tax on FD interest.

Fd Interest is taxed according to your income tax slab right?

What if I'm making less than 2-3 lakhs per annum from a job or business which means I fall under zero tax slab. Now if I put some money in fd which gives me an interest of 3 lakhs pa, do I have to pay tax on that or no because I come under zero tax slab or should I pay 10% standard on fd interest? Plz make me understand this 🙏

Thank you

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u/Kindly_Crazy_5976 — 19 hours ago
▲ 2 r/shubz

TVs suggestion

Hello guys,

I'm from India and I want to buy a 44 inch TV for a budget of 25k Rupees.

I talked to chatgpt and it suggested a few brands like-

1 TCL QLED

2 Xiaomi 3 series

3 Hisense

4 Acepure

My relatives also suggested the same brands including Samsung.

What do you think. Which one should I buy?

I mostly watch ott movies and listen to songs on YouTube. I don't watch regular TV channels anymore, even news I watch on yt.

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u/Kindly_Crazy_5976 — 2 months ago

Plz suggest me🙏

So, I researched and talked with chatgpt about thematic changes in the future. As tech is being adopted in every other industry it is better to invest in those companies or funds.

Here are a few funds that chatgpt suggested me to invest

These funds invest in global markets and most of them are passive. They invest in US, China and Indian companies and other emerging countries.

The sectors I'm targeting are

1 AI and robotics

2 e-commerce

3 bio-tech

4 Fintech

5 Blockchain tech

6 edu tech and

7 agri tech

I haven't invested yet. There are other funds that invest in these altogether.

I am in a lot of doubt and overthinking all day.

I could just invest in a benchmark index but I want it to be sector specific because I've seen that thematic funds give more return in the longer run than the benchmark index and they are volatile too but it's not like they are going to go to zero. What do you think plz suggest me🙏🙏

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u/Kindly_Crazy_5976 — 3 months ago

Affordability of a house

People compare themselves to their grandparents and say housing is unaffordable today, but they ignore that their grandparents were buying homes when those areas were still developing. When someone earning ₹20–30 LPA says they can't afford a house, what they usually mean is they can't afford a house in Mumbai, Bangalore, or another Tier-1 city. A person with that income can easily buy a home in many Tier-2 and Tier-3 cities. The issue isn't homeownership itself, it's expecting to own property in some of the most expensive locations in the country. You can literally build a decent house in tier 2 or tier 3 city. You can live in rent while working in a tier 1 city and retire and live in that house which you bought in tier 2-3 cities.

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u/Kindly_Crazy_5976 — 3 months ago
▲ 2 r/PickAnAndroidForMe+1 crossposts

Suggest me a phone

Hey guys,
I’m from India
Plz suggest me a phone!!!
My budget is 30,000-35,000Rs.
Currently using Iphone 12.
I am not much photoholic, I don’t play heavy games like Pubg and all just those random ad games.
I just want a normal phone that can live upto 3-5 years. Plz suggest me a good phone🙏🙏

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u/Kindly_Crazy_5976 — 3 months ago

Iphone 12 receiver

My Iphone 12 receiver is not working for like 8 months. Rest all is fine like speaker, face id. What could be the problem?? I might have also used sanitizer to clean but it didn’t do anything. What should I do? What could be the cost of repairing the receiver?

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u/Kindly_Crazy_5976 — 3 months ago

It’s time for RBI to increase interest rates.

It’s time for RBI to increase interest rates. This would attract foreign investors, reduce consumption automatically as central government Is asking to reduce consumption. This would also bring market to correct price. What do you think??

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u/Kindly_Crazy_5976 — 3 months ago
▲ 1 r/CFPExam+2 crossposts

Is CFP well recognised in India

Hello guys,
I’m from India and I recently cleared my CFA level 1. I’ve got interest in Wealth management and wanted to ask if CFP can get me into this or should pursue any other courses like CWM or NISM for wealth management?
Plz guide me🙏

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u/Kindly_Crazy_5976 — 3 months ago