Finance Minister Nirmala Sitharaman in the Union Budget speech rationalised tax deduction at source (TDS) by reducing the ...

Sitharaman announced the removal of TCS on remittances for education when the money comes from a loan taken from a specified financial institution ...

Finance Minister Nirmala Sitharaman on Saturday unveiled "transformative" tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for midd ...

Explore Nirmala Sitharaman's impactful quotes from Budget 2025 and her vision for India's economic growth, inclusivity, and regional development.

Union Finance Minister Nirmala Sitharaman proposed to raise the threshold of tax deducted at source (TDS) and tax collected at source (TCS) ...

Sitharaman says a tax deduction limit on interest for senior citizens is being doubled from Rs 50,000 to Rs 1 lakh. The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh ...

The threshold to collect tax at source on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be increased from ₹7 lakh to ₹10 lakh.

The Finance Minister has proposed eliminating TCS on educational remittances if the funds are sourced from loans obtained ...

Nirmala Sitharaman said in Budget 2025 speech that the threshold amounts for tax deduction at source (TDS) will be increased for better clarity and uniformity ...

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, medical expenses, and investments. However, for remittances exceeding ₹10 ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...