This does not influence our opinions or our ratings, which are editorially independent. Mortgage rates have been expected to decline in 2025 as the U.S. economy slows, inflation cools and the ...

For senior citizens, banks will now deduct TDS if interest amount exceeds Rs 1 lakh in a particular bank. However, with smart ...

Individuals can claim two self-occupied properties as NIL taxable income. TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh, reducing compliance for small landlords. Threshold for senior ...

FM Nirmala Sitharaman said: "I propose to rationalize tax deductions at source (TDS) by reducing the number of rates and thresholds about which TDS is deductible. Further, threshold amounts for ...

Union Budget 2025 announced an increase in the TDS threshold. Finance Minister Nirmala Sitharaman, while tabling the Union Budget 2025 announced reforms related to tax deductions at source (TDS), and ...

She said that the Tax Deduction at Source (TDS) rates will be adjusted, and the tax deduction limit for senior citizens will be doubled to Rs. 1 lakh. The time limit to file an updated income tax ...

Budget 2025: In her Budget 2025-26 speech, FM Nirmala Sitharaman raised the threshold on rent to ₹6 lakh. According to details, the person responsible for paying of rent is liable to deduct tax ...

The finance minister has stated that TDS rates will be rationalised in the Budget 2025 giving much needed relief to taxpayers. The limit for tax deduction on interest for senior citizens is being ...

Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakh to ₹10 lakh. 2 Min Read ...

Finance Minister Nirmala Sitharaman in Budget 2025 hiked the Tax Deducted at Source (TDS) threshold for dividend income from Rs 5,000 to Rs 10,000 per financial year. The threshold for TDS in the ...

In an article for The Times of India, Prachi Kulkarni of EY India noted that There are more than 30 sections prescribing TDS rates that have a vast range of 0.1-30 per cent. There are also multiple ...