Hosted on MSN

Zero tax on FD of Rs 50 lakh, know the new rule and calculation; These people will benefit

There will be no TDS, ITR or tax on FD/RD up to Rs 50 lakh if the total income is less than Rs 4 lakh. 10 percent TDS is deducted on FD, but can be avoided by Form 15G/15H. FD reporting will be ...
Hosted on MSN

New Tax Rule: Partnership Firms to Deduct TDS on Payments to Partners from April 1, 2025

The Indian government has introduced a new tax rule for partnership firms, which will come into effect from April 1, 2025. This rule mandates that firms must deduct Tax Deducted at Source (TDS) on ...