« Top Headlines » Open DEMAT Account in 24 hrs  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 «  Act prevails over subordinate legislation... `Waive sales tax on pea flour'... » IOB unveils new tax saving deposit scheme September, 19th 2006 Indian Overseas Bank has rolled out a new tax saving deposit scheme with a free personal accident insurance cover for Rs 1 lakh. Interest rate under this scheme will be 8.15 per cent for regular depositors and one per cent higher for senior citizens. The tenure of the deposit has been fixed for 5 years and above and the minimum acceptable at Rs 10,000 for availing of tax benefit under Section 80 C of the IT Act.