March 31, 2025 is the deadline to file a revised TDS return for FY 2007-08 to 2018-19. What this means is if you have any ...

Finance Minister Nirmala Sitharaman introduces key personal finance measures in Union Budget 2025, including TDS and TCS rationalisation.

BENGALURU: In a significant step to simplify the tax regime and also to reduce the compliance burden, the government has ...

For those with taxable income, the proper method is to file a condonation of delay request with your Assessing Officer. Once approved, you can file the return. However, officers usually approve such ...

In Budget 2025, tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens’ tax ...

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance ...

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for ...

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 ...

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

For others, the limit for TDS has been increased to Rs 50,000 from the current Rs 40,000. Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh.

She said that the Tax Deduction at Source (TDS) rates will be adjusted, and the tax deduction limit for senior citizens will be doubled to Rs. 1 lakh. The time limit to file an updated income tax ...