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Taxation

9 Topics 17 Posts

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  • 2 Topics
    4 Posts
    R

    FDs are safe, but you need to diversify your investment to get better returns and risk management. With FDs your can secure your future and it’s a good idea. To understand the FD Taxation and Planning, you need to understand these points:

    If your total FD interest exceeds to Rs.40,000 then bank will deduct 10% TDS annually. There is a a procedure of taxation on maturity of your FD. Your annual tax liability may vary. So its better to do some -tax saving investments like PPF and ELSS.
  • 2 Topics
    4 Posts
    R

    According to the Indian government's cryptocurrency tax policy, all income from cryptocurrency trades is taxed at a flat 30% rate, no matter what income bracket the taxpayer is in.

  • 4 Topics
    8 Posts
    R

    The service period and withdrawal amount impact the tax rate on EPFO. If PAN is provided, then TDS is 10% on withdrawals that are made before 5 years and exceed ₹50,000; without PAN, it's 30%.

    There will be no tax if the withdrawal is less than 50k or the service is 5+ years.

  • 1 Topics
    1 Posts
    A

    The new tax regime is here. I want to know : for salaried employees and businesspersons, how will the new TDS and TCS impact?