Budget 2025 LIVE Update
New Income Tax Bill to be clear, with half the present laws – FM
Personal income tax reforms to focus on the middle class – FM
TDS to be rationalized by reducing the number of rates & thresholds – FM
Key Personal Tax Changes:
TDS threshold on rent increased to ₹6 lakh per year from ₹4.2 lakh
TCS on education remittance from loans removed
Tax deduction limit for senior citizens doubled to ₹1 lakh
Threshold for TCS on LRS remittances raised to ₹10 lakh from ₹7 lakh
No income tax upto 12 lacs
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
