This reflects my feelings as well as many others. We are not able to enjoy the fruit of our hard earned money. Income tax and expenditure taxes ( various forms like sales tax, service tax etc) eat away abig chunk of earnings! The govt is NOT justified in taxing interest earned from Post Office deposits, GOI bonds RBI bonds etc. After all it is the Govt that utilises our deposits and not any commercial firm until the maturity periods. The upper limit of TDS on interest earned from such schemes should go.
