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This, among other measures, includes a hike in threshold for TDS on rent to Rs 6 lakh from the current Rs 2.4 lakh on annual limit. Right from the expansion of tax slabs to the hiking of TDS threshold ...

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For salaried individuals, this threshold is Rs 12.75 lakh, including the standard deduction of Rs 75,000 Image: Pexels Here is a look at how much would you save ...

The government proposes increasing the TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh annually as announced by Finance Minister Nirmala Sitharaman in her Budget 2025 speech. This move aims to ...

It is available only on the tax payable as per slabs under secLion 115BAC. ♦ The changes proposed in Finance Bill, 2025 with regard to threshold of TDS and TCS S. No. Section of the Act Present ...

There is a proposal to increase this threshold to Rs 10 lakh for tax-free income. Industry experts suggest a 20% tax rate for income up to Rs 20 lakh, with a 25% tax slab for those earning beyond ...

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 Union finance minister Nirmala ...

She also altered tax slabs for people earning above this threshold to help save up to Rs 1.1 lakh in taxes for those with income up to Rs 25 lakh in a year. The raising of the rebate leads to 1 ...