There should not be any Tax on Fixed Deposits in the Banks .Money is losing its value each year as inflation is a realty.Rs. 100 now would become worth Rs. 90 year next year and so on and in coming 4 to 5 years , it may beocme equal to Rs. 50. People keep their money in Fixed deposits with a hope that the value of the money would be maintained by earning some interest. So, why tax the interest which would help in maintaining the value of the money. In reality, there is no earnings
