One notable change is the announcement that individuals earning up to Rs 12 lakh will now be fully exempt from paying taxes.

Union Finance Minister Nirmala Sitharaman proposed to raise the threshold of tax deducted at source (TDS) and tax collected at source (TCS) ...

Finance Minister Nirmala Sitharaman announced an extension for filing updated returns to four years. She proposed exemptions of TCS for education loans and revealed that 33,000 taxpayers used the ...

Sitharaman says a tax deduction limit on interest for senior citizens is being doubled from Rs 50,000 to Rs 1 lakh. The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh ...

The Finance Minister has proposed eliminating TCS on educational remittances if the funds are sourced from loans obtained ...

Nirmala Sitharaman said in Budget 2025 speech that the threshold amounts for tax deduction at source (TDS) will be increased for better clarity and uniformity ...

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, medical expenses, and investments. However, for remittances exceeding ₹10 ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, FM Sitharaman also proposed the ...

The modifications being made to rates and slabs will benefit all taxpayers. By drastically reducing middle-class taxes and ...

Sitharaman also said that the annual limit on rent has been raised to 6 lakh for TDS for senior citizens during her Budget ...