Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new ...

In a bid to rationalise tax collection and ease compliance, the budget has proposed an increase in the limits for tax deducted and tax collected at source (TDS and TCS), which is likely to benefit a ...

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. The proposed changes include a reduction in ...

There are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections ...

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakh to ₹10 lakh.

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance ...

Finance Minister Nirmala Sitharaman introduces key personal finance measures in Union Budget 2025, including TDS and TCS rationalisation.

The petitioners explained that the delay was due to a series of financial and operational challenges, exacerbated by the COVID-19 pandemic. They highlighted the adverse economic conditions, including ...

In a country, which has just over 10 crore taxpayers, the intent to simplify the tax regime with lower TDS/TCS compliances, raise the income tax rebate limit and rejig the tax slabs, has been to ...