The government expects the income tax-related measures announced at the Federal Budget 2025-26 will lead to additional bank deposits to 40,000 to 45,000 crone, and will support the bank further. Nagaraju said on Monday. Probably the additional inflow is not large, but it is expected to relieve the liquidity of the bank sector to some extent.
“These measures suggest that about 40,000 to 45,000 rupees will flow to the bank in accordance with our evaluation. Nagaraju is an additional exchange with journalists, and additional deposits are the liquidity of the bank system. Enhance and reduce dependence on high -cost borrowing.
According to the budget announced on Saturday, the Minister of Finance Nirmara Citaraman deducted with the source of the source (TDS), excluding the reduced tax rates and further reducing the new tax system (NTR). We announced the hiking of the tax. And the increase in rebate.
These measures will leave more money in the hands of people. The government believes that taxpayers should do what to do with tax saving, and that taxpayers will be returned to the economy by higher consumption, investment, and savings. 。
According to an income tax proposal announced on a budget, people with annual taxable income are not liable for up to 120,000, but those with high income are 110,000 in order to rationalize the tax rate under NTR. You can save on rupees. 。 In terms of TDS, the Minister of Finance has announced that the TDS’s excitement on interest income will be doubled to 1,000 lupies in the elderly, hiking from 40,000 to 50,000 rupees to other individuals. This means that banks do not deduct taxes to non -senior citizen deposits an annual interest income of 50,000 rupees per year, up to 1,000 lupies.
“TDS has 15,000 rupees (from the elderly) of 15,000 rupees (from the elderly) or less, based on several calculations. Based on the methodology, about 7,000 crone (about 7,000 crone). From non -senior citizens, “Nagara said.
Currently, the elderly deposit is about 34 rupees. As of January 10, 2025, the banking system was 221.5 thousandly.
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The Financial Service Secretary said that the increase in SLAB and the increase in tax -exempted revert under NTR could have about 20,000 rupees on the banking system, and the debate with the bank after the budget was announced. He added that he expressed his expectation for high deposits. Announced measures.
“I expect about 20,000 rupees to return to the bank. This (tax reduction) is an additional income, and no one spends it, at least as a fixed deposit. So, we expect more bank deposits from 40,000 to 45,000 crawls to the system.
