April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.
Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.
The Union Budget brought a few changes to TDS rules, which would benefit senior citizens, investors and salaried employees.
Starting April 1, 2025, new tax slabs reduce the burden on incomes up to Rs 12 lakh, with 30% on earnings above Rs 24 lakh.
From April 1, 2025, tax exemptions rise, TDS and TCS rules ease, and GST security tightens. Key changes improve cash flow and simplify compliance.
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India Today on MSNNew Income Tax rules: Know all rates, slabs, deductions and moreThe government has amended the income tax slabs under the new tax regime for FY 2025-26. According to the new structure, ...
Additionally, the new income tax regime will be the default option starting from April 1, 2025 for taxpayers. Those who wish to continue using the old regime (allowing deductions) need to opt in ...
Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...
Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...
Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.
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