Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
TDS, TCS rates rationalised, new norms mooted
The New Indian Express Villupuram
|February 02, 2025
IN a significant step to simplify the tax regime and also to reduce compliance burden, the government has announced to reduce the number of TDS (tax deducted at source) rates. Also, the threshold amount for tax deduction will be increased.
"The limit for tax deduction on interest for senior citizens is being doubled from the present ₹50,000 to ₹1 lakh," Finance minister Nirmala Sitharaman said.
Another major change is the increase in the TDS limit for rent from ₹2.40 lakh to ₹6 lakh. "This will reduce the number of transactions liable to TDS, thus benefiting small taxpayers receiving small payments," she said. Senior citizens have over 38% share of the aggregate individual deposits as of March 2024. The TDS limit increase for senior citizens to facilitate deposit mobilisation and support banks' Credit to Deposit ratio, said Sanjay Agarwal, senior director, CareEdge Ratings.
Cette histoire est tirée de l'édition February 02, 2025 de The New Indian Express Villupuram.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The New Indian Express Villupuram
The New Indian Express Villupuram
Jaishankar meets Rubio in Malaysia amid tariff tension and trade talks
EXTERNAL Affairs Minister S. Jaishankar met US Secretary of State Marco Rubio in Kuala Lumpur on Monday on the sidelines of the ASEAN and East Asia Summits, marking their second meeting in just over a month, and fourth this year. The two leaders are learnt to have discussed a host of bilateral and regional issues, including trade talks.
1 min
October 28, 2025
The New Indian Express Villupuram
GST 2.0 to drive jobs, economic growth: FinMin
DUE to goods and services tax (GST) reforms coupled with other policy measures, India will continue its economic growth momentum, create more employment opportunities and boost consumption, according to the Monthly Economic Review for September released by the Ministry of Finance on Monday.
1 min
October 28, 2025
The New Indian Express Villupuram
Chained and handcuffed independent — all for a bridge over river Bagmati
MEET Sanjay Sargharsh Singh, an Independent candidate from Bihar’s Sheohar Assembly constituency, who with his distinctive approach, is drawing huge crowds.
1 min
October 28, 2025
The New Indian Express Villupuram
Protect forest dwellers from eviction, states told
DAYS after defending the Forest Rights Act (FRA), 2006 in the Supreme Court, the Union government has directed all states and Union territories to ensure that no tribal or forest-dwelling community is forcibly evicted from wildlife sanctuaries or national parks until their rights are fully recognised and settled.
1 mins
October 28, 2025
The New Indian Express Villupuram
MLA among six BJP leaders expelled
THE BJP on Monday initiated disciplinary action against six leaders, including a sitting MLA, for indulging in anti-party activities, according to a statement issued by Bihar unit of the BJP late on Sunday.
1 min
October 28, 2025
The New Indian Express Villupuram
Quality issue: Contractor told to partly demolish flats
A possible disaster may have been averted as a contractor of the Tamil Nadu Urban Habitat Development Board (TNUHDB), who is building 702 residential units at Andimaniyam Thottam, has torn down the constructed portions in all the four blocks after the board flagged quality issues.
1 min
October 28, 2025
The New Indian Express Villupuram
Exporters flag concern over GM soya imports
INDIA’S soybean exporters have raised concerns over the government's reported consideration to allow imports of genetically modified (GM) soybean meal from the US, warning that such a move could erode the country’s export competitiveness built on its “non-GM” reputation.
1 mins
October 28, 2025
The New Indian Express Villupuram
Don’s daughter takes up battle for RJD
IN therun-up to the Bihar state Assembly elections, a fascinating battle is unfolding in Lalganj, which is distant just 39 kilometres from the state capital of Patna.
1 min
October 28, 2025
The New Indian Express Villupuram
Market advances on expectation of US-China trade talks, Fed rate cut
DOMESTIC equity benchmarks advanced on Monday with the NSE Nifty 50 index briefly surging past psychologically significant 26,000 threshold and recording a firm finish ahead of the October F&O expiry.
1 mins
October 28, 2025
The New Indian Express Villupuram
SACRED SPACES & SHATTERED TRUST
REPORTS of sexual harassment by teachers in educational institutions have been steadily rising.
3 mins
October 28, 2025
Listen
Translate
Change font size