బ్యాంకు డిపాజిట్ల వడ్డీ పై పన్ను రద్దు చేయాలి || Why tax interest income on bank deposits? ||
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- Опубликовано: 16 сен 2024
- బ్యాంకు డిపాజిట్ల వడ్డీ పై పన్ను రద్దు చేయాలి || Why tax interest income on bank deposits? ||
With the real rate of return on bank deposits remaining negative “for a considerable period of time”, it’s time to revisit the taxation of interest on bank deposits, State Bank of India said in a research report.
Arguing for more sops to depositors, the SBI report said the threshold of exemption for senior citizens should be reviewed. “The RBI can relook at the regulation that does not allow interest rates of banks to be determined as per age-wise demographics,” it said. The interest income from bank fixed deposits is subject to TDS (tax deducted at source) at 10 per cent but can be deducted at 20 per cent if PAN is not furnished. Banks deduct TDS on interest paid on fixed deposits when interest income exceeds Rs 40,000 (Rs 50,000 for senior citizens) in any given financial year. So, if the depositor is in highest tax bracket of 30 per cent, merely paying TDS of 10 per cent will not be enough. Retail inflation is above 5 per cent while one-year term deposit gets less than 5 per cent interest rate, giving negative returns on deposits.
indianexpress....
Exactly sir, middle class valla pi heavy taxes, rich ki tax benefits
చలి చీమల పెట్టిన పుట్టలో... నాగు పాములు చేరిన చందాన ఉన్నది... మన దేశంలో... బ్యాంకింగ్ మరియు కార్పొరేట్ వ్యవస్థ!
yes.. tax need to be removed from deposits ... we are getting hardly getting 3-5% in banks and cant beat inflation
Financial problems of common man especially senior citizens well explained sir.
Well said sir, it’s good topic,good idea,good advice to gov….
మీరు ఇప్పుడున్న పరిస్థితులను దృష్టిలో పెట్టుకొని చాలా వివరంగా చెప్పారు .మేము బాధితులము.
ఇది నిజం సార్ బ్యాంకు లో డబ్బు పెట్టుకోవాలంటే భయం వాళ్ళ రూల్స్ మా ప్రాణాలకు వస్తుంది.
Good anlysis sir...Modi brathikundagaa..midle class ku justice jaragadu..
BJP*
@@paddya3017 the decision will be taken by Modi .. Not BJP..
MODI ANTE BJP...BJP ANTE MODI ...
aite pakistan ki vellandi🙏
@@bhargavreddy9496 chadhuvukunnav gaa.. Common sense ledha neeku.. Modi ni question chesthey anti hindu na.. Arey neelantodu chalu ra desham naaki podaaniki..ela question chwykunda penchina prathi daanni pay chesthu vellu..edho okaroju annam thintaniki tax vesthadu. ..appudu nuv nen kalsi veldham pakisthan ki.. Pichi naa
Thanks for video on this important topic sir
No Financial Security for Tax Payers, Useless Free Welfare Schemes, Achee Din ?
Very pathetic situation of poor people who depends on bank interest on FD
చక్కగా వివరించారు.. అభినందనలు
You are exactly told sir,ee Modi palana unnantha kalam,middle class ki,India ki bathuku ledhu sir🙏
You can choose liquid and other debt funds over bank deposits with little risk
దయచేసి బ్యాంకు లలో డిపాజిట్ చేయకండి.
Government's should relook at income tax as a whole. Income tax contributes a miniscule portion of total government income. And most of it comes from salaried class because they cannot hide their income.
This is because to discourage fixed deposits.. it's nothing useful to national building.. so customers don't put money in bank, instead, try to put as an investment in another business... So tax on interest is justified...
What you said is 100% correct. instead of doing it they are both central and the state government is also imposing heavy taxes.
Especially middle class people are suffering more to pay tax while not getting income
Great video
Gov.s should think about this matter
చాలా మంచి విశ్లేషణ
ఈ ప్రభుత్వం అదికాడాయం ఉన్న అంబానీలకే ఆసరా ఇస్తుంది కానీ అల్పాదాయ వర్గాలకు రాయితీలు ఇస్తుందన్న నమ్మకం లేదు.మంచి విశ్లేషణ.చక్కగా ఎన్నో విషయాలు చర్చించారు.పేదల పట్ల ప్రేమున్న ప్రభుత్వం అయితే మీరు చెప్పిన విషయాలు ఆలోచించాలి.
Interest rates reduced a lot, even then TDS applying. You are right TDS on Interest should removed
BJP nasanam Avuthe Poor and middle class baagupaduthaaru..
Sec 80TTB (for senior citizen) deduction:50,000 (Savings + Time deposits)
Sec 80TTA (other than senior citizens) deduction: 10,000 (only savings Bank Interest)
At least for Sr citizen, up to INR 2.50lakhs pa exemption from Bank / postal deposits from IT,may please be provided& overall IT thresholdlimit for exemption may be given up to 6.00 lakhs pa !
Rightly said
సర్ సకాలంలోచెల్లించే రైతులకిచ్చే వ్యవసయ రుణాల వడ్డీ రిబీట్ ఇవ్వటంలేదు దాని గురించి ఒకసరి ప్రభుత్వాలకి వినిపించేలా వివరించండి,జీరో వడ్డీ అసలే మర్చిపోయారు.
True and required.This needs to go to the notice of PM.Pl guide sufferers as to the ways and means of taking to the notice of PM.This video is alerting sufferes but who and how to bell the cat.
Income Tax ను రద్దు చేయాలి. అవినీతి ఆలోచన ఉండదు. డబ్బు ఫ్రీగా సరఫరా అవుతుంది.
బాంక్ అకౌంట్ క్లోజ్ చేస్తే GST వేశారు. Income tax Act లో బోలెడు క్లోజ్ లు, సామాన్యుడికి అర్థం కాదు, కాని ధనికులకు బోలెడు exemptions.
Wonderful excellent
Sir, bank interest is less than inflation. Bank interest is 5.5% for senior citizen and inflation is more than 6%. Hence income is negative. Even then we are paying tax. Really govt is penalising common man especially senior citizen having no income except interest.
Exactly true
నిజమే సార్..🙏🙏
Sir f.d intrest la ku 15G submit cheste 2.5 lacs varaku examption no tax..above 2.5 lacs t d s applicable 10%...i.t returns submit cheste it is also refundable..no tax
Very helpful suggestions sir
I think you can’t take it out completely .. may be interest up to some amount can be waived ..
ఈ కాలానికి తగ్గట్లుగా సందర్భం ఉచిత మైన ప్రసంగము.ఈ విషయం గత5 సంవత్సరా లుగా చెబుతున్నాను. వడ్డీ రేట్లు పెంచితే దానిఫలితం సామాన్యులకు చేయూత అవుతుంది
Modi will abolish interest not tax on interest . He is great 👍 leader
Good👍 decision
పేద మధ్య తరగతి ప్రజలను ఏ మాత్రం బతకను వచ్చేటట్లుగా లేదు పెట్రోలు డీజిల్ గ్యాస్ మీద దోచుకుంటున్నారు ట్రాన్స్పోర్టేషన్ పెరగడం వల్ల నిత్యావసర వస్తువులు ప్రతి వస్తువు రేట్లు పెరిగి పోయాయి ఇప్పుడు సామాన్యులు దాచుకున్న డబ్బులు మీద కూడా పన్ను వేయడం ఏమిటి బ్యాంకులకు మైండ్ దొబ్బిందా ప్రభుత్వాలకు మతిస్థిమితం లేదా
రోజు రోజు ధరలు పెరుగుతున్న క్రమం లో ఎలాబ్రతకావాలో అర్థం కావడం లేదు.ప్రభుత్వాల ఆరోగ్య పథకాలు ప్రచారానికే పరిమితమై మేలు చేయలేని స్థితి పెరుగుతుంది.
Modi sir you have to think about senior citizens like me. On my SCSS bank scheme is cutting tax
Yes. Especially senior citizens invest their retirenent benefits only in bank deposits because they are very liquid and can be cancelled or loans are available on them They dont invest in any other schemes because they cannot be cancelled prematurely and loans are not available on them. Every year they see interest rates going down and on the top of it they have to pay tax on them. It is unjust to tax their deposits. Some of them dont even get pensions. Regular maintenance, and cost of medicines put together they still fall short.
Sir, stock market lo invest chesthe Long term capital gains kooda petti chacharu sir ee NDA vallu. Anthakamundhu Chidambaram Finance minister ga vunnappudu ee Long Term Capital Gains tax ledhu.
S, LTCG remove cheyali
Logical & Heart touching analysis, Sir. Hope this awakes.. the concerned.
Present govt knows how cleverly squeeze money from common man and gift to corporates.
Good suggestion
Good massage for the Nation
Sir idi Modi choostey interes pai 18%gst antaru vadileyandi
We want you became a principal advisor to the government of Telangana than only balanced Dovelopment of state
Yes
Super
Sir 6 % evvaru ivvatle Fd 5 % and savings deposit meeda 3.5 sir anthey
SBI lo 3% interest on savings account.
Correct, @ 3%, to earn 5 Lakhs to get into tax bracket, one has to have 1.5 Cr as bank deposit, wondering why so much worry on the tax. Rather it’s better to ask high interest, misleading video
దోచుకునేది బడుగు బలహీన వర్గాల నుంచే
The interest on Bank deposits is below inflation rate and hence taxing the same is not at all justified. Only the government and other organised sector employees are only compensated information and not majority others. Agricultural products rates also need to be linked with inflation to save farmers from crisis. Good analysis.
FD 5%sir thanks sir gurtincharu avasaratalu gurchi vunchukuntunnam job cheysinannallu 30% taxkey saripotundi jivithamanta.pension ki 20%kattavalasivastundi pension thanks sir
Thank u sir
Good video
Govt shouldn't do any work. All works to be done by private companies on chargeable basis. Income tax to be removed. Govt should collect taxes from service providers and poor should be subsidized.
Sir I want your comments on epf pension. Epf pension amount is very less.
Now govt introduced long term capital gain tax is there for mutual funds and shares
Super topic sir 🙏🙏🙏 it is the need of the hour to stop imposing tax on fixed deposits.. Already salaried employees pay taxes on their salary and from their savings they invest in deposits and on that deposits they levy taxes again .. Such a pity.. At least employee who is working should have some option of avoiding tax on fixed deposit 🙏🙏🙏
Womb to tumb, need to pay GST (TAX)
Sir aadapillala kosam pettina Sukanya samruddiyojana gurinchi oka episode cheyandi please please
5%interest taz 1% net 4% only.
Income Tax benefits seems only for rich and aristocrats not for middle income group/employees...who r large section of our tax payers/ population...Govt to think relaxing the tax Rules to this section for paying without pain.
No deposits in banks... Is one of the reasons....
Black money caught in crores of rupees. Why then tax on interest on deposits? Better govt.rethink over this subject.
Agriculture pyina ,vyavasaya utpattalo pyina income tax vundali.
మీరు ఇలాంటి విషయాల మీద PIL వేయొచ్చు కదా..ఎందుకు వెయ్యరు prof nageswar..
We just withdrawn 16 lakhs deposit from FD.. it's waste to keep...Jhumla Modi laaga nenu kooda cheating chesthaanu... Bank deposit kaakunda share market lo petti trading chesthaaanu .. it's like horse race 🏇
Tq sir
Liqued amount
No Security casha
I too facing the problem 😭
You are not updated yourself about Stock market Long-term gains...10% tax from 2018..
Please update your self professor.. After that make video...
Otherwise it's a misleading information..
I am paying 20 to 30% tax on fd interest. 10% long team gains is cheaper. Government is looting fd holders.
Frist remove the income tax in india for betterment of india.
Sir is there only RIL and adani only take lone from banks sir
Why don't u write to government such valuable suggestions??
Fd income is taxable completely according to tax slabs.
10k deduction is only for savings account interest.
Refer 80TTB (for Senior citizens)
IT Slabs ela untay sir this year
What percentage of income tax paying % of Indians population . It close to less then the 6-8 % population pays income tax government . How long small % people take the burden . If TDS cut file your incomes as per slab rate will get it back .
aapandi mee sodi nageswara rao garu meeru koncham sincere anukunnam yevadu dabbuliste vade correct ane chavatavi anuko ledu master, tidite bp vachi kotochu anna daani samardiaka nee anta sannasini yevvaru leru
Itdp official account nunchi mee meda post ki mee ghataina response ivvandi sir
60 years nundi income tax peru tho janaalni verri vengalappalni chessayi govts.
Ippatikee vaatipaine aadhaarapadi unnayi.
మోడీ ఉండగా అది కల్ల.
Ippudu kodaru FDR loo deposited ki theliyakunda mayam chestunaru i.e telugu acad. Scam ,central govt. A midnight aey statement istundo theliyadu. Common people ley state,central govt. Targetgah migilai!any way thank you for your analization 🙏🏼
S sir
Lower middle class - thinadaniki unte chalu
Middle Class - thinadaniki ,avasaralku velyte Oka class pyki velladaniki try chestadu.
High class - No worries
Indulo ey class develop kavalanna kindi class ni thokkeyali..........
Anduke slavery anedi differt types lo revolve avutundi ekkuva middle class , lower middle class meda slavery anedi work avutundi eppuduuuuu..........
This person is Misleading the people.
This tax is applicable only to the persons who are already paying tax on their salary or on other income.
Otherwise we need not to pay any tax on income from banks deposits.
what about TDS, then ?
banks 'credit creation' and earns interest.people's money deposits bank invests in stocks etc.,.However,normal IT rules on total income can be applied to depositors' income and inflation adjusted system for IT(NOT IN BANKING PROCESS/BECAUSE BANKS MISUSE THE SYSTEM)__Some people study medicine with the goal that they can "earn arrogantly as a doctor_become kidney expert,BUT PERVERTED/HARMING SOCIETY-LIKEWISE SOME ROGUE ECONOMISTS/MINISTERS---I HOPE YOU GOT IT.
Kastapadi dabbul sampadhistham.. Sampadhanaki mundhe tax laageskuntaaru... Ponile ani rupay rupay save chesi bank lo vesthey bank iche interest meedha malli tax.. Maa kharma.. Veellaki bushi raavalantey dabbul bank lalo veykunda intlo pettukovali
India lo idi mamule fd la pyina income tax
Sir as early as Bank service Big industrialists, Modi government comman people struggle only, Congress nationalised Bank s, but Modi sale banks, industries, bad luck India, mind less leaders in government, save God
Telivi leni manushule bank lo fixed deposit chestaru 😆😆
Bada corporatla appulu raddu chestharu kani poor peoples appulu raddu cheyadu modi idi corporatla meeda modi unna prema
🙏
No
Useless government
E modi govt lo samanyulu bathakaleru
U confine only to these type vedios...dont enter into political analysis where u have to support one side and another side u will become enemy... and biased analysis gives u bad remarks .
May be you and your colleagues (government employees) are looking for more money and become much rich. Already government employees looted so much money from peoples. Once get the Government job, they looted peoples money till their death. Government employees are worst fellows and enjoying 25 to 30 years of service with peoples money. If died during the service their family member will get job by Karunya along with money That is worst policy. What’s their GDP contribution to the country , why the state government & central government gives so much priority to them since their vote sharing max 10 or 12 crores out of 120 crores of population. Please changes the system by reducing the service 15 to 20 years then every one gets opportunity with young blood and reduce the government budget. Surplus money use for other schemes and development activities like agriculture & other sectors.
👌👌👌👌👏👏👏👏🙏🙏🙏🙏🙏