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TDS on FD Interest: Now TDS will not be deducted on interest up to Rs 1 lakh on bank FD, check details

Summary by rightsofemployees.com
If you or someone in your family is a senior citizen and invests in bank FD, then this news is very useful for you. In Budget 2025, the government has doubled the TDS limit for senior citizens. Now TDS will not be deducted on interest received from bank fixed deposits (FD) as long as the interest is limited to Rs 1 lakh per annum. Earlier this limit was Rs 50,000. That is, now if senior citizens invest in FD with planning, then they can earn int…
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Business League - Financial ExpertsBusiness League - Financial Experts

TCS and TDS New Rules will come into effect from April 1, know the new rules or else you will get into trouble - Business League

TCS and TDS New Rules: The government had announced changes in the rules of TCS and TDS in the Union Budget. The new rules will come into effect from April 1. If you live in a rented house or are a landlord, then it is very important for you to know the changed rules of TDS. Even if you get interest on bank deposits, it is important to understand the new rules TCS and TDS New Rules: Finance Minister Nirmala Sitharaman announced changes in some r…

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rightsofemployees.comrightsofemployees.com

TDS on FD Interest: Now TDS will not be deducted on interest up to Rs 1 lakh on bank FD, check details

If you or someone in your family is a senior citizen and invests in bank FD, then this news is very useful for you. In Budget 2025, the government has doubled the TDS limit for senior citizens. Now TDS will not be deducted on interest received from bank fixed deposits (FD) as long as the interest is limited to Rs 1 lakh per annum. Earlier this limit was Rs 50,000. That is, now if senior citizens invest in FD with planning, then they can earn int…

Read Full Article
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rightsofemployees.com broke the news in on Thursday, February 27, 2025.
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