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 ...

Finance Minister Nirmala Sitharaman on Saturday announced that the annual tax deducted at source (TDS) limit of Rs 2.40 lakh on rent is being increased to Rs 6 lakh. She added that this will reduce ...

The new bill proposes the application of TDS rules to various types of income, including salaries, professional fees, interest income, rent, and more.

"The limit for tax deduction on interest for senior citizens is being doubled from the present Rs 50,000 to Rs 1 lakh," she said. For others, the limit for TDS has been increased to Rs 50,000 from ...

This will take up the limit from the current ₹40,000 to ₹50,000 per financial year and will come into effect from April 1, 2025. The Union Budget 2025 proposes to increase the limit for tax ...

The goals of these proposals encompass reforming personal income tax to specifically benefit the middle class, streamlining TDS and TCS to alleviate challenges, and promoting job creation and ...

Mumbai: Finance Minister Nirmala Sitharaman, in the Union Budget 2025, proposed to double the limit for tax deducted at source (TDS) on interest income for senior citizens to Rs 1 lakh.

TDS limit on rent increased to 6 lakhs.

Budget 2025: Finance Minister Nirmala Sitharaman said that the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. "This will reduce, this will reduce the number of ...

Under Section 194IA, TDS comes into play if the transaction value exceeds ₹50 lakh. Buyers need to be aware that for ...

FM Sitharaman added that the government has proposed that two self-occupied properties, instead of just one, can be valued at ‘nil’ for tax purposes.