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WMS - Income Tax Rules Changed | New Interest Rates on PPF, Sukanya Samriddhi, NSC
Original: #WMS Income Tax Rules మారాయి మీకు తెలుసా ? | New Interest Rates on PPF Sukanya Samriddhi Yojana NSC
Takeaway
Tax regime overhaul, DDT abolished and small savings rates cut 100-120bps across PPF/NSC/Sukanya; tax-saving deadline extended.
Summary
- New tax regime: 7.5L salary income with NPS contribution can result in zero tax — significant change vs old regime.
- Mutual fund dividend distribution tax (DDT) abolished — dividends now credited to investor accounts and taxed at slab; 10% TDS above Rs.5,000.
- Income tax filing deadline extension: tax-saving investments allowed up to June 30 can be claimed in last financial year.
- Small savings interest rate cuts: PPF 7.9% to 7.1% (-0.8%); NSC 7.9% to 6.8% (-1.1%); Sukanya Samriddhi 8.6% to 7.4% (-1.2%); KVP 7.6% to 6.9%; SCSS 8.4%.
- Real estate impact: housing sales -35%, office space sales drop; price correction expected; recession-like 2008 analogy referenced.
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Original description
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