What are the TDS rules changes for September 2025?

What is the 194J TDS limit for FY 2025 26?

What is the TDS limit for 194J for FY 2025-26? Effective from April 1, 2025, the threshold limit for TDS under Section 194J for the financial year 2025-26 is ₹50,000. This new limit applies separately to each category of professional or technical services.

What is the golden rule of TDS?

TDS stands for Tax Deducted at Source. The Golden rule of accounts is Debit the receiver, Credit the giver. TDS is a tax deducted by the payer at the time of making payment.

What are the financial changes in 2025?

Households improved their financial situation in the third quarter of 2025, in terms of their debt-to-asset and debt service ratios, which both fell. Federal government borrowing continued to slow in the third quarter, while benefiting from a lower effective interest rate.

What changes are coming in April 2025?

Enhanced tax return requirements will be introduced from April 6 and will apply for tax returns for 2025/2026 going forward. The voluntary requirement for taxpayers who start or cease to trade to report the date of commencement / cessation on their tax return will become a mandatory requirement.

What is the tax deduction for 2025?

The standard deduction for 2025 was raised to $15,750 for single filers, up from the $15,000 previously in place.

How much TDS is tax free?

40,000 per year is exempted from TDS deduction. This means if the interest earned on Fixed Deposits in a financial year is up to Rs 40,000, no TDS on interest on Fixed Deposit is deducted. This limit is Rs. 50,000 for senior citizens.

How much TDS is deducted on a 70,000 salary?

TDS on Salary would be deducted @ 9.56%. Therefore TDS on Salary would be 9.56% of Rs. 70,000 i.e. Rs.

What are the common mistakes in TDS?

TDS Filing Software: Avoid These 7 Common Mistakes for Accuracy

• Using Outdated or Non-Compliant TDS Filing Software. ...
• Wrong PAN, TAN, or Section Mapping During Data Entry. ...
• Delayed Payment or Late Return Filing. ...
• Challan Errors or OLTAS Mismatch. ...
• Missing or Late Generation of Form 16 / 16A.

What is the new tax update for 2025?

The income tax slab rates under the new tax regime for FY 2025–26 are as follows: income up to ₹4 lakh is tax-free; ₹4 lakh to ₹8 lakh is taxed at 5%; ₹8 lakh to ₹12 lakh at 10%; ₹12 lakh to ₹16 lakh at 15%; ₹16 lakh to ₹20 lakh at 20%; ₹20 lakh to ₹24 lakh at 25%; and income above ₹24 lakh is taxed at 30%.

What are new TDS rules?

The TDS exemption limit for dividend and mutual fund income will be raised to Rs. 10,000/- starting April 2025. This means TDS will only be deducted when your total earnings exceed Rs. 10,000/- per year, making tax deductions less frequent. Greater TDS Exemption on Rental Income.

What is the TDS limit for bank interest in 2025?

Please note that this TDS exemption on FD interest is applicable for FY 2024-25 (till March 2025). For FY 2025-26, the current TDS exemption limit has been hiked to ₹50,000 for regular citizens and ₹1 lakh for senior citizens. For example, if you earn an FD interest of ₹60,000, the bank would deduct TDS of 10%.

What special will happen in 2025?

A: The most important days of India for 2025 include Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2), and Constitution Day (November 26). These dates hold particular importance because of their historical significance and frequent appearance in examinations and official celebrations.

What happened on the 9th of April 2025?

HeadlinesApril 09, 2025

They include across-the-board tariffs of 104% on Chinese goods, which prompted China to retaliate with levies of 84% on imports of U.S. goods. Hong Kong's benchmark Hang Seng Index fell by over 13%, its biggest one-day drop since 1997. Japan's Nikkei index fell by nearly 8%.

What are some new things in 2025?

What are the top scientific innovations for 2025?

• A gene therapy for the treatment of drug-resistant focal epilepsy. ...
• Reducing disease severity by blocking inflammatory receptors. ...
• A new therapeutic compound for lung and liver fibrosis. ...
• Improving drug discovery with AI.

What happens if the tax cuts expire in 2025?

At the end of 2025, the individual tax provisions in the Tax Cuts and Jobs Act (TCJA) expire all at once. Without congressional action, most taxpayers will see a notable tax increase relative to current policy in 2026.

Should I take my money out of bank in 2025?

Yes, your money is safe in the bank as long as it's in an FDIC-insured institution, and we recommend keeping it there in 2025. See our list of the safest banks in the U.S. During times of economic uncertainty, it's common to worry about your security.

How to manage your money in 2025?

Here are our top 10 tips to help you start 2025 from a position of financial strength and clarity.

1. Review your wealth plan and goals. ...
2. Organize your accounts and estate planning. ...
3. Complete annual “to-dos” ...
4. Hold the right amount of cash. ...
5. Renew your portfolio's resilience. ...
6. Maximize tax efficiency.

How to avoid paying TDS?

You can submit Form 15G or 15H to avoid the TDS. In the case of senior citizens use Form 15H. If there is no tax on the total income, it may be submitted.

Is TDS 100% refundable?

Q- Is TDS 100% refundable? The amount of TDS refund you receive depends on the amount of tax liability you have. For example, if your income is not taxable, still your TDS was deducted, and you might be eligible for a 100% tax refund.