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Compared with the Rule of seventy eight, exactly where the percentage of the desire you pay out decreases each and every month, very simple interest takes advantage of a similar day-to-day interest fee to calculate your fascination payment on a monthly basis. So in case you’re suitable for

Additionally, you will be necessary to shell out fascination beneath Sections 234B and 234C if you do not spend progress tax with the fiscal year's fifteenth of March. A great way to remain safe would be to remove by yourself from hazardous situations. Any sketchy or dodgy scenario

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