However, sweeping changes have been proposed in the Union Budget 2025 relating to simplification and rationalisation of TDS/TCS provisions. These changes mainly relate to rationalisation of threshold ...

The budget also raised the threshold for exemption from TDS on rental income from Rs.2.4 lakh a year to Rs.6 lakh, which will ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

The Finance Bill 2025 introduces changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) to improve business ease and taxpayer compliance. The proposed changes include a reduction in ...

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new ...

There are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections ...

Finance Minister Nirmala Sitharaman introduces key personal finance measures in Union Budget 2025, including TDS and TCS rationalisation.

For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakh to ₹10 lakh.

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance ...

BENGALURU: In a significant step to simplify the tax regime and also to reduce the compliance burden, the government has ...