If thetotal interest incomefrom fixed deposits that you are likely to earn for all your deposits held in a branch is greater than Rs5,000in a financial year, you become liable for TDS. For Senior Citizens, Under, Section 80TTBof the income tax act, interest income earned from deposits qu...
tax reform reduced the marginal tax rate for those in the lowest tax bracket by 5 percentage points and reduced the marginal tax bracket for those in the highest tax bracket by 4.6 percentage points, whereas the marginal tax rates for those in the middle three tax brackets were reduced by ...