Hike in TDS threshold in Budget 2025: How TDS is calculated on fixed deposits?

Hike in TDS threshold in Budget 2025: How TDS is calculated on fixed deposits?

Finance Minister Nirmala Sitharaman in Budget 2025 introduced a revised threshold for TDS compliance for individuals, senior citizens, and companies. This adjustment aims to provide taxpayers with a means to reduce the amount of tax deducted from their income, while also assisting companies in simplifying their TDS compliance process. The proposed threshold has been increased … Read more

ITR filing 2024: What is NIL return and who all should file it? Check details here

ITR filing 2024: What is NIL return and who all should file it? Check details here

Income Tax return: Tax season is upon us, and many people wonder if they must file returns if their income is below the taxable limit. Filing an Income Tax return (ITR) is a compulsory requirement if your total income surpasses the basic exemption threshold. In cases where the income falls below this limit, specific types … Read more