'15% flat tax on all FDs': SBI suggests bold deposit tax revamp in Budget 2025 report
Currently, interest on fixed deposits (FDs) is taxed annually at individual income slab rates (5–30%), with exemptions up to ...
SBI pushes tax overhaul: Mandatory shift to new regime could save taxpayers Rs 1.15 lakh
SBI suggests ways to simplify India’s labyrinthine tax code but risks Rs 50,000 crore in annual revenue losses.