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Tax implications of fixed deposits

TDSMAN10 years ago3 years ago04 mins

If you are in the higher tax bracket, that is 20% or 30%, make sure that you pay the additional interest before filing your tax returns. The biggest disadvantage of FDs is that the interest earned is subject to taxation. This eats into the returns. Taxed as per income bracket The interest earned on the…

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Tax Returns to be Filed by Salary earners upto Rs 5 lakh

TDSMAN12 years ago3 years ago22 mins

CBDT clarified that the exemption from filing of income tax returns given to salaried person earning upto Rs.5 lakhs was only for assessment year 2011-12 and 2012-13. This exemption was given due to complexity of e filing facing by taxpayers as well as by tax officers in processing through manual entry on system. But now…

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Categories

software-released-banner-2024-25-no-offer-050224
tds-tcs-rate-chart
tm-show-video-yt
tdsman-banner-free-trial
enterprisetds-banner

Calendar

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Feb    
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