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TDS LIMIT INCREASE
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
Will new TDS rules change your take-home salary from April 1, 2026? Key income tax-related changes in new financial year (FY26-27)Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year brings revised tax calculations and com...
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
Five important changes in Income Tax Act and procedures in 2025 that will impact your future taxationNew income tax rules for 2025 bring welcome changes. Salaried individuals earning up to Rs 12.75 lakh will pay no tax. TDS thresholds for r...
Major TDS changes from April 1: Higher limits for interest, rent & dividendsFrom April 1, 2025, TDS threshold changes will increase limits on interest income, dividends, rent, and commissions. The updates aim to imp...
New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impactFrom April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher thresholds and simila...
March 31, 2025, is deadline to claim pending TDS credit for these past years: Ask bank, deductor to revise TDS returnTDS credit: March 31, 2025 is the deadline to file a revised TDS return for FY 2007-08 to 2018-19. What this means is if you have any pendi...
Investors, foreign travellers to get more cash in hand as Budget 2025 hikes TDS, TCS limitsBudget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...
New TDS, TCS limits for FY2025-26 for interest, dividends, prize money, rent announced in Budget 2025: Thresholds hikedLandlords, travellers and parents sending children abroad for education will also benefit
TDS limit for interest income from bank FD hiked from Rs 40,000 in Budget 2025: Check detailsBudget 2025 proposes raising the TDS threshold on interest earned from fixed deposits by non-senior citizens from Rs 40,000 to Rs 50,000 pe...
TDS limit for dividend income hiked from current Rs 5000 in Budget 2025: small shareholders to benefitBudget 2025: TDS threshold limit for dividend income is hiked to Rs 10,000 from Rs 5000 at present. This amendment was announced in Budget ...
TDS limit for interest income of senior citizens doubled from Rs 50,000 in Budget 2025TDS limit in Budget 2025: Tax deducted at Source (TDS) rate has been rationalised. The limit for TDS for senior citizens is being doubled f...
- TDS stumps self-employed pros
Higher Rate of TDS means most pros will first pay higher tax and then claim refund at the end of the year.
- Self-employed to bear the brunt of TDS whip
Budget 2007-08 has dealt a body blow to a host of self-employed professionals like architects, engineers, accountants, advertising, etc. Th...
- TDS ordeal for self-employed
The rate of TDS has been doubled from the earlier 5% to 10% for pros like architects, engineers, adv, etc.