Other Benefits

Other Benefits

if you file the return or become a filer then the Tax deducted by Banks will be lesser otherwise it will mount up.

  • Income on dividend/payment of dividend:
    • Filer – 12.5%, Non-filer – 20%
  • Income:
    • Filer – 10% to 15%, Non-filer – 17.5%
  • Profit on National Savings Scheme or Post Office Savings:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
  • Profit on debt paid by banking company:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
  • Profit on bonds , certificates, debentures, securities:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
  • On extraction of minerals from mines:
    • Filer – 0%; Non-filer – 5%
  • On brokerage or commission, Advertising agents:
    • Filer – 10%, Non-filer 15%
  • Life Insurance Agents (Commission under Rs. 5 lacs):
    • Filer – 8%, Non-filer 16%
  • People not covered in the above two points:
    • Filer – 12%, Non-filer 15%
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1 comment so far

MUHAMMAD ABDULLAH Posted on7:31 am - May 7, 2020

sir kya study tax pa filer ka lia koi benefit nahi

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