India’s Direct Tax Collection Clocks 8% Growth At Rs 17.05 Lakh Crore In April-Dec
Net direct tax collections between April 1 and December 17, 2025 touched Rs 17,04,725 crore, compared with Rs 15,78,433 crore in the same period of the previous year. Gross direct tax collections grew 4.16 per cent year-on-year to Rs 20,01,794 crore.
Dec 19, 2025, 13:40 PM IST
Deadline Announced For Filing TDS/TCS Correction Statements — File On Time To Avoid Missing Credit In Form 26AS Or AIS
Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected in their Form 26AS and Annual Information Statement (AIS).
Nov 10, 2025, 16:35 PM IST
FICCI Flags Tax And Customs As Key Demands From Union Budget 2026-27
FICCI calls for immediate steps to reduce a large backlog of appeals before the Commissioners of Income Tax (Appeals), saying pending cases and blocked refunds strain taxpayers and the system according to a press release.
Oct 28, 2025, 18:06 PM IST
TDS Overhaul From April 2026: New Digital Form, Salary Slip Clarity, Lower Mismatches & Compliance Tips For SMEs
With every Budget, the government has tried to make the tax process simpler, more digital, and less prone to disputes. Now, from April 1, 2026, India is set for one of its largest reforms in the Tax Deducted at Source (TDS) system.
Sep 29, 2025, 09:43 AM IST
Senior Citizens Can Earn Up To 8.25% On 3-Year FDs – Full List Of Banks Inside
Banks are required to deduct Tax Deducted at Source (TDS) on fixed deposit (FD) interest if it exceeds Rs 1 lakh in a year in a particular bank.
Sep 13, 2025, 10:43 AM IST
ITR Filing 2025: Freelancers, Read Carefully! Ignoring THESE Tax Rules Could Cost You Big
For freelancers, understanding TDS (Tax Deducted at Source) is crucial. When clients make payments, they often deduct 10 per cent as tax and deposit it with the government using your PAN.
Jul 26, 2025, 14:50 PM IST
Earning Over Rs 1 Lakh From FDs? Here’s How Retirees Can Avoid TDS Under New Regime
May 04, 2025, 11:40 AM IST
5 Latest TDS Rules From Today 1 April 2025: Check Rules For Senior Citizens, General Citizens And Others
Here is a list of the changes in Tax Deducted at Source (TDS) for senior and general citizens that will take effect on April 1, 2025.
Apr 01, 2025, 10:53 AM IST
Did Not Deduct TDS On Rent Payment But Claimed HRA? Income Tax Department Is After You For....
If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim.
Mar 28, 2025, 19:44 PM IST
5 New TDS Rules From 1 April 2025: Check Rules For Senior Citizens, General Citizens And Others
Below is a summary of the changes in Tax Deducted at Source (TDS) that will take effect on April 1, 2025.
Mar 12, 2025, 15:56 PM IST
TDS Relief In Budget: Threshold For TDS On Rent Hiked To Rs 6 Lakh From Current Rs 2.4 Lakh Annually
Threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget speech.
Feb 01, 2025, 14:10 PM IST
Budget 2025: Limit For Tax Deduction On Interest For Senior Citizens Doubled From Rs 50,000 To Rs 1 Lakh
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.
Feb 01, 2025, 13:09 PM IST
Govt Should Prioritise Review Of Income Tax Act, Get It Passed As Money Bill: SBI Research
The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
Oct 26, 2024, 09:26 AM IST
Revised Transaction Fee On Stock Exchanges, TDS Rates Come Into Effect
In the Union Budget, the government had announced to increase the securities transaction tax (STT) on Futures and Options of securities to 0.02 per cent and 0.1 per cent, respectively.
Oct 01, 2024, 15:57 PM IST
CBDT Eases TDS Rule In Cases Of Death Of Deductees Before Linkage Of Pan-Aadhaar
In view of the genuine difficulties being faced by the taxpayers, the CBDT issued the Circular dated 05.08.2024, and vide the same, the government has relaxed the provisions of TDS/TCS as per the Income-tax Act, 1961, in the event of death of deductee/collectee before linking of PAN and Aadhaar, it added.
Aug 08, 2024, 14:59 PM IST
CBDT Eases TDS/TCS Rules for Deceased Deductees and Collectees Before PAN-Aadhaar Linkage
On April 23, 2024, CBDT extended date for linking of PAN and Aadhaar May for the taxpayers (for the transactions entered into upto March 2024) to avoid higher TDS/ TCS as per the income tax act.
Aug 07, 2024, 18:26 PM IST
TDS On Income From G-Sec: Expert Says Investors May Possibly Shift To Gilt Funds
FM Sitharaman said TDS is proposed on interest exceeding Rs 10,000 on Floating Rate Savings (Taxable) Bonds (FRSB) 2020 or any other notified security of the Central or State Governments.
Aug 02, 2024, 16:33 PM IST
ITR Filing 2024: 10 Common Mistakes To Avoid While Filing Tax Returns At Last Minute In India
Users should avoid 10 common mistakes when filing last-minute tax returns in India: incorrect details, missing documents, ignoring deductions, wrong bank account, skipping verification, late filing, incorrect form, ignoring changes, wrong income declaration, and missed deadlines.
Jul 31, 2024, 12:31 PM IST
Budget 2024: Finance Minister Announces TDS Framework Changes—Check How It Affects You
Section 192 of the Act deals with tax deduction at source (TDS) on salary earnings.
Jul 24, 2024, 18:00 PM IST
BJP Aims to Retain Lok Sabha Speaker Post, Offers Deputy Role to NDA Allies - Reports
The BJP seeks to retain the Speaker post for the 18th Lok Sabha after securing 240 seats, while offering the Deputy Speaker position to NDA allies, with Rajnath Singh leading negotiations.
Jun 17, 2024, 15:18 PM IST