At present tds on interst is 10% if it crosses limit of rs 10000/- per annum. To me a sum of rs 10000/- earned annually is just a nominal amount to be taxed.In simple words income is less then rs 1000/- a month It is just making a mockery of common laymen particularly poor people who are wholly dependent on fixed monthly income. I request to increase this limit to at least Rs 50000/- though practicably it should be rs 100000/- annually
