The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

The goals of these proposals encompass reforming personal income tax to specifically benefit the middle class, streamlining ...

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 ...

The Union Budget 2025 has changed the way Tax Deducted at Source (TDS) applies to winnings from lotteries and horse racing.

In pay-out type FDs, much like shown in the above table, no TDS will be deducted as the principal and interest amount will ...

FM announced that the time limit for filing updated returns for any assessment year has been extended from two to four years.

Budget 2025-26 brings major tax relief, raising the tax-free income threshold and easing TDS and TCS norms. Key updates also ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

The annual TDS exemption limit on rental income has been increased from ₹2.4 lakh to ₹6 lakh. “This will reduce the number of ...

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 ...

Nirmala Sitharaman said in Budget 2025 speech that the threshold amounts for tax deduction at source (TDS) will be increased for better clarity and uniformity ...