Tds Changes In Budget 2025 Pdf. New Tds Rate Chart For Fy 202525 Cyrus Mia 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 The Budget 2025 introduced higher TDS thresholds for commission earnings
New TDS Changes Effective from October 1, 2024 What You Need to Know from 1finance.co.in
However, by proposing to amend these provisions from 01-April-2025, establishes the government's intent to reduce the compliance burden and facilitate cash flow management of the taxpayers in some sense. 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
New TDS Changes Effective from October 1, 2024 What You Need to Know
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 Get Union Budget 2024 Highlights, Summary and Latest News Updates on Budget Allocation, new tax regime, old tax regime, Income Tax Slab Changes and Much More. The Budget 2025 introduced higher TDS thresholds for commission earnings
Tds Chart Fy 2024 25 Pdf Nat Martita. Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025. TDS on compensation for compulsory acquisition of immovable property INR 2.5 lakh INR 5 lakh Other thresholds w.e.f
New Tax Slabs and Rates for FY 202526, TDS, TCS, and Tax. 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%).
