Budget 2022: ‘Income Tax calculation on Fixed Deposit and other savings should be done as equity’
- Financial Express - 01-02-2022
Our Partner Abhishek Saxena in conversation with The Financial Express (India) shares some thoughts about the expectations from the upcoming budget.
He shared that, “Given the prevailing negative real interest rate environment and the low-interest rates being offered on bank deposits and the interest on bank deposit being taxed at the applicable income slab rate with no beneficial income tax rates available like for certain other asset classes, there is an inherent incentive for people to invest in risky assets to earn higher returns.”
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