Tds Changes In Budget 2025 Pdf

Tds Changes In Budget 2025 Pdf. Tds Rate Changes In Budget 2024 Pdf Nikki Kristin This includes revised TDS thresholds for various payments, higher TCS limits on foreign remittances, and the removal of certain overlapping tax. The annual limit of ₹2.40 lakh for TDS on rent increased to ₹6lakh

Major TDS Changes from April 1 that You Need to Know
Major TDS Changes from April 1 that You Need to Know from www.taxscan.in

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 Insurance agents will benefit from an increased TDS threshold of Rs 20,000, up from Rs 15,000, effective April 1, 2025.

Major TDS Changes from April 1 that You Need to Know

The Budget 2025 introduced higher TDS thresholds for commission earnings 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 introduced higher TDS thresholds for commission earnings

Updated TDS Rate Chart for FY 202425 (AY 202526). 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

TDS Rate Chart for FY 20242025 (AY 20252026) IndiaFilings. 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. TDS on compensation for compulsory acquisition of immovable property INR 2.5 lakh INR 5 lakh Other thresholds w.e.f