Simplify TDS regime in FY27 Budget: Ficci

INDUSTRY BODY FICCI on Tuesday called for the simplification of the tax deducted at source (TDS) structure in the 2026-27 Budget, stating that the decision will “considerably ease the compliance burden on the taxpayers and avoid litigation due to characterisation disputes”.

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During pre-Budget consultations with Revenue Secretary Arvind Shrivastava, it also suggested that there be fewer rates for TDS payments, compared with the multiple rates now — on salaries at slab rate, on lotteries/online games, etc at maximum marginal rate, and two standard rates for different categories. Currently, there are 37 different types of TDS payments for residents, where the rates vary widely from 0.1% to 30