Sir,I am working as scientist in DRDO,Hyderabad.
I request you to go through following post.
As per current personal income tax policy, Govt is collecting tax on interest earned on FDs. At anytime, interest on FDs is less compared with the then existing inflation rate.
Middle class people save balance money after paying tax, after their expenses , for their future financial protection. They also limit their expenses for this purpose.
Govt is taking some of interest by tax and thus taking away part of their planned financial protection.
. As far as I know , interests earned on all types of deposits except (EPF,GPF,PPF ) are taxable. Somebody may correct me. Even a if a person is in 10% tax slab, he looses 10% of interest earned on deposits.
We are crying, if interests are reduced by 0.5% to 1% or 2%. But 10% to 30% of that interest earned is taken by Govt in the form of tax.
I request everybody to sign this petition requesting FM to abolish tax on interest earned on FDs.
Here is link.
https://www.change.org/p/finance-minister-requested-to-abol…
If you get any error in signing, you register yourself in change.org and then sign.
If you agree to and like this post, l request you to sign,share and increase number of signatures. This request is because, liking alone will not meet objective.
.
Thanks!
Sitaramarao,Hyderabad
I request you to go through following post.
As per current personal income tax policy, Govt is collecting tax on interest earned on FDs. At anytime, interest on FDs is less compared with the then existing inflation rate.
Middle class people save balance money after paying tax, after their expenses , for their future financial protection. They also limit their expenses for this purpose.
Govt is taking some of interest by tax and thus taking away part of their planned financial protection.
. As far as I know , interests earned on all types of deposits except (EPF,GPF,PPF ) are taxable. Somebody may correct me. Even a if a person is in 10% tax slab, he looses 10% of interest earned on deposits.
We are crying, if interests are reduced by 0.5% to 1% or 2%. But 10% to 30% of that interest earned is taken by Govt in the form of tax.
I request everybody to sign this petition requesting FM to abolish tax on interest earned on FDs.
Here is link.
https://www.change.org/p/finance-minister-requested-to-abol…
If you get any error in signing, you register yourself in change.org and then sign.
If you agree to and like this post, l request you to sign,share and increase number of signatures. This request is because, liking alone will not meet objective.
.
Thanks!
Sitaramarao,Hyderabad
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