Budget 2025: Limit For Tax Deduction On Interest For Senior Citizens Doubled From Rs 50,000 To Rs 1 Lakh

Saturday, 1 February 2025
Budget 2025 TDS announcement: Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number of transactions liable to TDS, thus benefitting small tax payers receiving small payments.

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Video Credit: Oneindia - Published on February 1, 2025

News video: Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh

Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh 03:13

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class....

Budget 2025: Limit For Tax Deduction On Interest For Senior Citizens Doubled From Rs 50,000 To Rs 1 Lakh

Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh 03:13

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