Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers....
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Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers. TDS on dividend income's limit rises from Rs 5,000 to Rs 10,000, and for gig workers from Rs 30,000 to Rs 50,000. Additionally, TCS on remittances under LRS increases from Rs 7 lakh to Rs 10 lakh.
Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers....
Budget 2025 TDS announcement: Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number...
In addition, the government has proposed raising the annual threshold for Tax Deduction at Source (TDS) on rent from Rs 2.4 lakh to Rs 6 lakh.
Threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget...
The government proposes increasing the TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh annually as announced by Finance Minister Nirmala...
The re-elected government initiated a revamp of the Income-Tax Act to simplify and ease compliance with TDS provisions. With Budget 2025 approaching,...
As the Union Budget 2025 approaches, the Indian cryptocurrency industry is urging the government to reconsider existing tax policies to foster growth...
The budget has removed the Tax Collected at Source (TCS) on foreign education remittances when funded through loans from specified financial...
Finance minister Nirmala Sitharaman announced a new tax regime and significant reforms to ease compliance for the middle class and senior citizens....
Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 lakh are exempt from...