Tds Changes In Budget 2025 Pdf. Latest TDS Rate Chart for FY 202425 (AY 202526) RazorpayX Generally, over the years, it has been observed that amendments relating to TDS/TCS are made applicable from 01-July The Union Budget 2025 has introduced significant changes in TDS (Tax Deducted at Source) rates and income tax slabs, bringing much-needed relief for taxpayers.Finance Minister Nirmala Sitharaman announced tax cuts for the middle class and proposed new TDS limits, particularly benefiting senior citizens
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Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025. This includes revised TDS thresholds for various payments, higher TCS limits on foreign remittances, and the removal of certain overlapping tax.
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1 April 2025: TDS on rent INR 2.4 lakh INR 0.50 lakh per month or part of the month TDS on winnings from lottery or crossword puzzle or any other game and horse race Aggregate of amounts exceeding INR 0.1 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 Generally, over the years, it has been observed that amendments relating to TDS/TCS are made applicable from 01-July
TDS Rate Chart for FY 20242025 (AY 20252026) IndiaFilings. TDS on compensation for compulsory acquisition of immovable property INR 2.5 lakh INR 5 lakh Other thresholds w.e.f The Budget 2025 has proposed the rationalization of the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions to simplify tax compliance and ease the burden on taxpayers and businesses
Tds Rate Changes In Budget 2024 Pdf Dennie Aurilia. Personal Income Tax reforms with special focus on the middle class Direct Tax proposals Rationalization of TDS/TCS for easing difficulties ₹16-₹20 lakh ₹20-₹24 lakh Nil ₹12-₹16 lakh ₹0-₹4 4 8 ₹8₹ 12 lakh 5% 10% 15% 20% 30% > ₹24 lakh 25% Encouraging. The proposed changes include a reduction in certain TDS/TCS rates, such as a decrease in TDS for securitization trust income (from 25% to 10%) and TCS on timber (from 2.5% to 2%).