Fixed Deposits Benefits

if you file the return or become a filer then the Tax deducted by Banks will be lesser otherwise it will mount up.

• Income on dividend/payment of dividend:
  • Filer – 12.5%, Non-filer – 20%
• Income:
  • Filer – 10% to 15%, Non-filer – 17.5% 555
• Profit on National Savings Scheme or Post Office Savings:
  • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
• Profit on debt paid by banking company:
  • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
• Profit on bonds , certificates, debentures, securities:
  • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
• On extraction of minerals from mines:
  • Filer – 0%; Non-filer – 5%
• On brokerage or commission, Advertising agents:
  • Filer – 10%, Non-filer 15%
• Life Insurance Agents (Commission under Rs. 5 lacs):
  • Filer – 8%, Non-filer 16%
• People not covered in the above two points:
  • Filer – 12%, Non-filer 15%