Tds Changes In Budget 2025 Pdf. Tds Rate Changes In Budget 2024 Pdf Dennie Aurilia TDS on compensation for compulsory acquisition of immovable property INR 2.5 lakh INR 5 lakh Other thresholds w.e.f 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.
New TDS Changes Effective from October 1, 2024 What You Need to Know from 1finance.co.in
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 Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025.
New TDS Changes Effective from October 1, 2024 What You Need to Know
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. Generally, over the years, it has been observed that amendments relating to TDS/TCS are made applicable from 01-July The annual limit of ₹2.40 lakh for TDS on rent increased to ₹6lakh
Key Changes in TDS Rates and STT Rates You Should Know in Union Budget 2024. The Budget 2025 introduced higher TDS thresholds for commission earnings 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%).
TDS and TCS Rate Chart 2025 PDF Taxes Economies. Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025. 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