This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...

From April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher ...

Declare this additional income to the employer and request for additional TDS deduction before March 31.

Senior citizens are now eligible for a TDS exemption on interest income of up to Rs 1 lakh annually, marking a substantial ...

TDS at a rate of 5% will only be withheld starting on April 1, 2025, if the total amount of insurance commission paid to an ...

Banks, companies, employers, and other institutions deduct TDS at the rates prescribed under the Income Tax Act, 1961, even if the total tax liability of the taxpayer is not that high. If ...

Tax Deducted at Source (TDS) is a scheme launched by the Government of India for deduction of tax at the very source of income. It ensures each payment made will carry some portion of taxes being ...

Life insurance plans offer more than just financial security for your loved ones, they also provide important tax benefits.

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

Effective April 1, 2025, modifications will be made to the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) regulations impacting taxpayers, with a particular focus on senior ...

For the fiscal year 2024–2025, the PSU company REC has established the record date for its fourth interim dividend.