This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...
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To avoid new TDS on interest above Rs 1 lakh how much should senior citizens invest in bank FD
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, has proposed to double the TDS (Tax Deducted at Source) threshold for senior citizens earning interest income from bank FDs ...
TDS Changes From 1st April 2025: Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman introduced significant modifications to Tax Deducted at Source (TDS) regulations, providing ...
Notably, the hike in FD rates, comes after Budget 2019, where the interim Finance Minister Piyush Goyal has proposed to hike the TDS limit levied on interest income arising from bank deposit. With ...
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