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TDS THRESHOLD INCREASE
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
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....
TDS on Post Office schemes: Not all post office schemes are tax-free: check TDS applicability herePost Office investments have diverse tax implications, with interest on some schemes being taxable. Crucially, new TDS thresholds take effe...
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...
Budget proposals to garner up to Rs 45,000 crore bank deposit: DFS SecretaryThe Union Budget 2025 aims to boost bank deposits by Rs 40,000-45,000 crore through income tax adjustments. Key proposals include raising t...
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
Union Budget: TDS relief for small taxpayers, TCS boost for international tripBudget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, benefiting small taxpay...
Sitharaman just gave NRIs more reasons to park their cash in IndiaFinance Minister Nirmala Sitharaman proposed raising the tax collected at source (TCS) threshold on remittances under the RBI’s Liberalized...
Increase in TDS threshold for rent of house property under section 194-IBudget 2025: Increase in TDS threshold from Rs 2.4 lakh to Rs 6 lakh under section 194-I. Do note this is relevant for persons other than i...
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, TCS cut: More funds for taxpayersThe finance minister also announced that the due date of all income tax (I-T) returns for assessment year 2020-21 will be extended to Novem...
- TDS just got a little less tedious
Deduction would be in order if the payments exceeded the prescribed threshold limit. But, the Budget has increased the threshold limit of a...
- Pros may get a breather with higher TDS threshold
The Budget 2008-09 could bring some cheer to a host of self-employed professionals, like engineers and architects, with the likely increase...
- 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.
- TDS threshold on FDs may increase
Budget 2007 may provide a sweetener for senior citizens and those who prefer to keep their money in fixed deposits with banks.