This means if a senior citizen keeps his/her interest income below Rs 1 lakh, then the bank will not cut any TDS. For non-senior citizens (general citizens), the government has increased the TDS ...

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 ...

In a significant move to simplify tax compliance, Finance Minister Nirmala Sitharaman had announced key changes to TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) in the Union ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The purpose of these changes – which will be effective from April 1 ...

Among the various tax collection methods, TDS and advance tax plays a major role. TDS is designed to collect tax at the source of income while advance tax ensures that taxpayers pay their dues in a ...

TDS adjustments To simplify tax compliance, the government has proposed changes to tax deducted at source (TDS): Interest income: The TDS exemption limit on interest for senior citizens has doubled ...

It operates through the following segments: UScellular Wireless, UScellular Towers, TDS Telecom, and Corporate, Eliminations, and Other. The UScellular Wireless segment provides wireless ...