If you had paid TDS or TCS on time, but due to technical difficulties it was deposited late in the government account, then now you will not have to worry about paying interest. The Central Board of ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...

The new Income Tax Bill 2025, set to be tabled in Parliament on Thursday, marks a historic moment in India’s tax landscape, as it will replace the current year legislation introduced way back in 1961.

Union Budget 2025: Finance Minister Nirmala Sitharaman during Budget 2025 proposed to rationalise tax deduction at source ...

Did you book a foreign holiday recently and have to shell out an extra 5% or 20% in tax collected at source (TCS)? There’s good news if you’re a salaried employee. Did you book a foreign holiday ...

BENGALURU: In a significant step to simplify the tax regime and also to reduce the compliance burden, the government has announced to reduce the number of TDS (tax deducted at source) rates. Also, the ...

Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers. TDS on dividend income's limit rises from Rs 5,000 ...

The landmark Income-tax Act, 2025, which replaced the six-decade-old 1961 law, promised simplicity by eliminating provisos and explanations. But according to O.P. Yadav, former Principal Commissioner ...

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 Sitharaman ...

Many employees of Tata Consultancy Services (TCS), India’s largest IT services firm, have recently received demand notices from the income-tax department concerning alleged discrepancies in their tax ...