Income Tax and Tax Deducted at Source (TDS) are the two most common terms Indian taxpayers often come across. Both may sound similar, but there is a vast difference between them. The main difference ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax Deducted at ...

It is to be noted that the tax is levied only on the interest amount not on the principal amount. Section 194A of the Income Tax Act states that tax should be deducted at the time of payment or credit ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

In the realm of personal finance and taxation, one essential aspect that employees must understand is the calculation of Tax Deducted at Source (TDS) on their salary. TDS is a method of collecting tax ...

Tax Deducted at Source (TDS) is a crucial component of our tax system. As per rules, entities or individuals making certain payments are mandated to deduct TDS before making the payment. Today, July ...