Senior citizens: How the Rs 1 lakh TDS threshold affects your FD earnings
Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...
10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...
Budget 2025: TDS on rent up to Rs 6 lakh, relief for rental income earners
The annual TDS exemption limit on rental income has been increased from ₹2.4 lakh to ₹6 lakh. “This will reduce the number of ...
Budget 2025: New norms for TDS, TCS introduced
BENGALURU: In a significant step to simplify the tax regime and also to reduce the compliance burden, the government has ...
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Boosting Rental Income: New TDS Thresholds Unveiled
The government proposes increasing the annual TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh. This change aims to reduce transactions liable to TDS, benefiting small taxpayers. The adjustment ...