Tds Changes In Budget 2025 Pdf. Tds Changes In Budget 2024 Pdf Joni Oneida 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 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
New TDS Rates Effective From October 1, You Need To Know from www.taxhelpdesk.in
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 Finance Bill 2025 introduces changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) to improve business ease and taxpayer compliance
New TDS Rates Effective From October 1, You Need To Know
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. Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025. The Budget 2025 introduced higher TDS thresholds for commission earnings
TDS and TCS Due Date Chart for FY 202425 AY 202526. 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 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%).
Updated TDS Rate Chart for FY 202425 (AY 202526). TDS Rate Chart for FY 2024-2025 (AY 2025-2026): Tax Deduction at Source (TDS) is one of the important compliances of Income Tax. Budget 2025 Highlights: PDF Download, Key Takeaways, Important Points