TDS & TCS Changes Effective from April 1, 2025
TDS (Tax Deducted at Source) Changes: TCS (Tax Collected at Source) Changes: These amendments aim to simplify tax compliance and reduce the burden on taxpayers. Summary: Section New Threshold & Rate (Effective April 1, 2025) Old Threshold & Rate (Before April 1, 2025) 194A (Interest Income) ₹1,00,000 (Senior Citizens) / ₹50,000 (Others) | 10% ₹50,000 … Read more