There are only a few days left for the new financial year 2025-26 to start. At the same time, many big changes are going to ...

There are only a few days left for the new financial year 2025-26 to start. At the same time, many big changes are going to ...

NEW DELHI: After the Reserve Bank of India (RBI) allowed banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage, Tamil Nadu chief minister MK Stalin on Sunday ...

The TDS threshold for insurance commission has been increased from Rs 15,000 to Rs 20,000, effective from 1 April 2025. These changes aim to ease the compliance burden and ensure better cash flow for ...

From May 1, customers will have to pay an additional Rs 2 for financial transactions. For non-financial transactions, the new fee has been increased by Rs 1. Cash withdrawal at ATMs will incur a ...

The Income Tax Department is sending notices to salaried taxpayers who claimed House Rent Allowance (HRA) but did not deduct tax at source (TDS) on rent payments in past financial years.

Dividend income from equity shares is taxed according to applicable slab rates under section 194 of IT Act 1961. This income is taxable for the recipient, and TDS (tax deducted at source) applies.

Currently, if someone won Rs 5,000 thrice in a year (totaling Rs 15,000), TDS would have been applicable. Now, no tax will be deducted as long as each transaction remains below Rs 10,000. Relief for ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1. Customers are eligible for five ...

To benefit senior citizens, the government has doubled the TDS threshold for interest income from Rs 50,000 to Rs 1 lakh. Listen to Story The government has doubled the TDS limit for interest income ...

The law requires tenants to deduct TDS at 2% on rent above Rs 50,000 per month, in case the landlord is a resident Indian. Listen to Story Tax notices are being sent for not deducting TDS on rent ...