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Q.

Should bank FD interest be exempted from tax,considering the present interest rates. inflation factor,sluggish economy & coming elections. Give your views in brief.

Tags: interest, money, give
Asked by Mahesh Gopal Shanbhag, 10 Jul '13 11:07 am
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Answers (4)

1.

Only upto a certain amount say around 20000 per annum
Answered by rajan, 10 Jul '13 12:39 pm

 
  
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2.

I think yes as the why to charge TDS at all? it is his hard money earned from his salary .earlier it was not there .i think Indira gandhi has done this
Answered by krish, 10 Jul '13 11:17 am

 
  
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3.

No
Our fin minister won't do anything of this sort
This already discussed many times with FM but no response
Answered by sigma, 10 Jul '13 11:09 am

 
  
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