Prøve GULL - Gratis
TDS, TCS rates rationalised, new norms mooted
The New Indian Express Sambalpur
|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.
Denne historien er fra February 02, 2025-utgaven av The New Indian Express Sambalpur.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Sambalpur
The New Indian Express Sambalpur
'Dry' Gujarat seizes ₹39 crore liquor, hotel revenue surges
MASSIVE SEIZURES REPORTED ALONG BORDERS WITH MP AND RAJASTHAN
1 mins
March 10, 2026
The New Indian Express Sambalpur
HISTORIAN OF SOCIAL CHANGE
HAT a privilege—and a responsibility—it is for a student to speak about Professor K N Panikkar on the occasion of his passing. Writing about Professor Panikkar invites reflection on two intertwined aspects of his life: his work as a historian and his role as a public intellectual who helped shape how historians and readers engage with the past and understand modern India.
3 mins
March 10, 2026
The New Indian Express Sambalpur
Govt blocking debate on Iran war in Parliament, says Rahul
AS the opposition stepped up its demand for a discussion on the West Asia situation in Parliament, Leader of Opposition Rahul Gandhi criticised Prime Minister Narendra Modi for not being in Parliament.
1 mins
March 10, 2026
The New Indian Express Sambalpur
Posters crop up in many Patna areas, say CM post must be given to Chirag
POSTERS cropped up at several places in Patna on Sunday, demanding the chief minister’s post be given to Lok Janshakti Party (Ram Vilas) chief and Union minister Chirag Paswan.
1 min
March 10, 2026
The New Indian Express Sambalpur
No-confidence motion against CEC coming
IN signs of heightening friction between the Opposition and the Election Commission of India (ECI), several parties are mulling a notice to move a motion seeking ouster of CEC Gyanesh Kumar, sources said on Monday.
1 min
March 10, 2026
The New Indian Express Sambalpur
Restaurants suppressed ₹408 cr sales: I-T Dept
The Income Tax Department has detected suppression of sales worth nearly ₹408 crore by restaurants following a nationwide verification exercise conducted across the food and beverage (F&B) sector.
1 min
March 10, 2026
The New Indian Express Sambalpur
Freight rates surge over 200% despite fee waivers, other export relaxations
DESPITE the Government of India waiving certain import procedures at domestic ports for unloading of export shipments and relaxing export obligation periods for several items, surging freight rates continue to be a major concern for exporters and shippers.
1 min
March 10, 2026
The New Indian Express Sambalpur
LPG SHOCKER
OMCs told to meet household demand first; Several states report shortage
2 mins
March 10, 2026
The New Indian Express Sambalpur
DEBATE ON NO-TRUST MOTION AGAINST BIRLA LIKELY TODAY
THE Lok Sabha on Monday could not take up a resolution seeking the removal of Speaker Om Birla amid repeated adjournments, as Opposition members insisted on a debate on the West Asia situation.
1 mins
March 10, 2026
The New Indian Express Sambalpur
Most parties in Bengal for 1-2 phase of polls, ECI told
ALMOST all political parties in West Bengal on Monday suggested to the Election Commission of India that the upcoming assembly polls in the state be held in one or two phases.
1 min
March 10, 2026
Listen
Translate
Change font size