Sitharaman says a tax deduction limit on interest for senior citizens is being doubled from Rs 50,000 to Rs 1 lakh. The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh ...

The Finance Minister has proposed eliminating TCS on educational remittances if the funds are sourced from loans obtained ...

The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance ...

This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, ...

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 ...

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 ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has also decided to exempt TCS for remittances for education purposes in cases ...

Finance Minister Nirmala Sitharaman in the Union Budget speech rationalised tax deduction at source (TDS) by reducing the number of rates and thresholds above which TDS is deducted. In the Budget, ...

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, FM Sitharaman also proposed the ...

Finance Minister Nirmala Sitharaman on Saturday said tax deductions at source (TDS) will be rationalised for senior citizens ...

The modifications being made to rates and slabs will benefit all taxpayers. By drastically reducing middle-class taxes and ...

Sitharaman also said that the annual limit on rent has been raised to 6 lakh for TDS for senior citizens during her Budget ...