From October 1, 2024 the government has made it mandatory for employers to give benefits of TDS/TCS deducted on non-salary income while computing TDS to be deducted from salary. Adjustment of tax ...

Individuals must pay advance tax in instalments if their total tax liability for the year surpasses Rs 10,000 after TDS/TCS ...

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 Deducted at ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The purpose of these changes – which will be effective from April 1, 2025 – is ...

In a relief to Income Tax deductors and collectors, Central Board of Direct Taxes (CBDT) has widened the window for avoiding adverse consequences arising from inoperative PANs (Permanent Account ...

Finance minister Nirmala Sitharaman on Wednesday announced a 25% cut in the existing rates of various taxes collected or deducted at source (TCS or TDS) by individuals and businesses on behalf of the ...