Fixed Deposit new Rules in Budget 2025: According to sources, the central government is considering treating the tax on interest received on FD like equity. Till now, the interest received on bank securities is adjusted according to the income tax slab.
Fixed Deposit new Rules in Budget 2025: Finance Minister Nirmala Sitharaman can present the Union Budget 2025 to the country on February 1. For its preparations, the Finance Minister is currently holding pre-budget meetings with stakeholders from different sectors. According to sources, in this general budget, the government can give big relief to the middle class on the issue of tax. At the same time, the government can also make some changes in the interest received on FD. Actually, this year the focus of the government is going to be on the middle class in this year’s budget.
Big change in interest received on bank FD
According to sources, the central government is considering treating the tax on interest received on bank securities like equity. Till now, the interest received on bank securities is adjusted according to the income tax slab, but now in this budget it can be brought under LTCG / STCG.
In the pre-budget meeting with Finance Minister Nirmala Sitharaman, stakeholders and DFS have recommended giving equity-like benefits on tax on interest on fixed deposits (FD) and debt. If the government does this in the budget, then the banks struggling for deposits will also get relief and the middle class will also get a big relief on their deposits.
Big relief can be given in income tax slab!
According to sources, the government can also make changes in the new tax regime. Till now, there is no tax on income up to Rs 7.75 lakh in the new regime. But people with income above this have to pay tax in different slabs. The government is considering increasing this limit of Rs 7.75 lakh to Rs 10 lakh. This means that the middle class will not have to pay any tax on income up to Rs 10 lakh in the new tax regime. Along with this, a new slab between Rs 15-20 lakh is also being considered.
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