{"id":27602,"date":"2024-10-04T18:53:26","date_gmt":"2024-10-04T13:23:26","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=27602"},"modified":"2026-01-18T01:03:08","modified_gmt":"2026-01-17T19:33:08","slug":"summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/","title":{"rendered":"Summary of TDS Rate Chart in Budget 2024 w.e.f. Oct 1, 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2277430369\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2277430369\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#TDS_Rate_Chart_Summary%E2%80%94FY_2025%E2%80%9326_AY_2026%E2%80%9327\" title=\"TDS Rate Chart Summary\u2014FY 2025\u201326 (AY 2026\u201327)\">TDS Rate Chart Summary\u2014FY 2025\u201326 (AY 2026\u201327)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Interest_Income_%E2%80%94_Section_194A\" title=\"Interest Income \u2014 Section 194A\u00a0\">Interest Income \u2014 Section 194A\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Interest_on_Securities%E2%80%94Section_193\" title=\"Interest on Securities\u2014Section 193\">Interest on Securities\u2014Section 193<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Dividend_Mutual_Funds_%E2%80%94_Sections_194_194K\" title=\"Dividend &amp; Mutual Funds \u2014 Sections 194 &amp; 194K\">Dividend &amp; Mutual Funds \u2014 Sections 194 &amp; 194K<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Winnings_from_Online_Games_%E2%80%94_Section_194B194BA_Updated\" title=\"Winnings from Online Games \u2014 Section 194B\/194BA (Updated)\">Winnings from Online Games \u2014 Section 194B\/194BA (Updated)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Rent_%E2%80%94_Section_194I\" title=\"Rent \u2014 Section 194I\">Rent \u2014 Section 194I<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Professional_Technical_Fees_%E2%80%94_Section_194J\" title=\"Professional \/ Technical Fees \u2014 Section 194J\">Professional \/ Technical Fees \u2014 Section 194J<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#TechnicalManagerialConsultancy_Contracts_10_TDS_category\" title=\"Technical\/Managerial\/Consultancy Contracts (10% TDS category):\">Technical\/Managerial\/Consultancy Contracts (10% TDS category):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Commission_Brokerage_Insurance_%E2%80%94_Sections_194H_194D_194G\" title=\"Commission \/ Brokerage \/ Insurance \u2014 Sections 194H, 194D, 194G\">Commission \/ Brokerage \/ Insurance \u2014 Sections 194H, 194D, 194G<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Enhanced_Compensation_%E2%80%94_Section_194LA\" title=\"Enhanced Compensation \u2014 Section 194LA\">Enhanced Compensation \u2014 Section 194LA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#New_TDS_Section_Introduced-_Section_194T_%E2%80%94_Partner_Payments\" title=\"New TDS Section Introduced-\u00a0Section 194T \u2014 Partner Payments\u00a0\">New TDS Section Introduced-\u00a0Section 194T \u2014 Partner Payments\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Tax_Deducted_at_Source_rates_chart_proposed_in_Union_Budget_2024_have_been_approved_in_the_Finance_Bill\" title=\"Tax Deducted at Source rates chart proposed in Union Budget 2024 have been approved in the Finance Bill:\">Tax Deducted at Source rates chart proposed in Union Budget 2024 have been approved in the Finance Bill:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Revised_Tax_Deducted_at_Source_Rates_Effective_from_October_1_2024\" title=\" Revised Tax Deducted at Source Rates (Effective from October 1, 2024)\"> Revised Tax Deducted at Source Rates (Effective from October 1, 2024)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Floating_Rate_Bonds_Tax_Deducted_at_Source\" title=\" Floating Rate Bonds Tax Deducted at Source\u00a0\"> Floating Rate Bonds Tax Deducted at Source\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#TDS_threshold_rationalization_wef_April_1_2025-_Budget_2025\" title=\"TDS threshold rationalization w.e.f. April 1, 2025- Budget 2025 \n \n\">TDS threshold rationalization w.e.f. April 1, 2025- Budget 2025 \n \n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/summary-of-tds-rate-chart-in-budget-2024-w-e-f-oct-1-2024\/#Taxpayers_may_permanently_lose_TDS_credits_6_Year_time_limit_for_Revising_TDS_return\" title=\"Taxpayers may permanently lose TDS credits. 6 Year time limit for Revising TDS return\">Taxpayers may permanently lose TDS credits. 6 Year time limit for Revising TDS return<\/a><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-30982\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.-.jpeg\" alt=\"TDS Rate Chart \u2013 FY 2025-26 (AY 2026-27).\" width=\"1122\" height=\"1482\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.-.jpeg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--227x300.jpeg 227w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--775x1024.jpeg 775w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--768x1015.jpeg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-Rate-Chart-\u2013-FY-2025-26-AY-2026-27.--800x1057.jpeg 800w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" \/><\/h2>\n<h2><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"TDS_Rate_Chart_Summary%E2%80%94FY_2025%E2%80%9326_AY_2026%E2%80%9327\"><\/span><strong style=\"font-size: 16px;\">TDS Rate Chart Summary\u2014FY 2025\u201326 (AY 2026\u201327)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<p>Effective from 1 April 2025, the\u00a0chart shows revised higher TDS thresholds, meaning no TDS will be deducted until the income crosses these new limits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Interest_Income_%E2%80%94_Section_194A\"><\/span><span style=\"color: #000080;\"><strong>Interest Income \u2014 Section 194A\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Senior Citizens (60+) : No TDS up to INR 1,00,000\/year <em style=\"font-size: 16px;\">(Earlier limit: \u20b950,000)<\/em><\/p>\n<p>Others : No TDS up to INR 50,000\/year<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Interest_on_Securities%E2%80%94Section_193\"><\/span><span style=\"color: #000080;\"><strong>Interest on Securities\u2014Section 193<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No TDS up to INR 10,000\/year<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Dividend_Mutual_Funds_%E2%80%94_Sections_194_194K\"><\/span><span style=\"color: #000080;\"><strong>Dividend &amp; Mutual Funds \u2014 Sections 194 &amp; 194K<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000080;\"><strong>No TDS up to INR 10,000\/year<\/strong><\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Winnings_from_Online_Games_%E2%80%94_Section_194B194BA_Updated\"><\/span><span style=\"color: #000080;\"><strong>Winnings from Online Games \u2014 Section 194B\/194BA (Updated)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>New Threshold: No TDS up to INR 1,00,000\/year <em style=\"font-size: 16px;\">(Earlier limit: INR 5,000)<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rent_%E2%80%94_Section_194I\"><\/span><span style=\"color: #000080;\"><strong>Rent \u2014 Section 194I<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Plant &amp; Machinery (P&amp;M): No TDS up to INR 6,00,000\/year <em style=\"font-size: 16px;\">(Earlier: INR 2,40,000)<\/em><\/p>\n<p>Land, Building, Furniture, Fittings: No TDS up to INR 6,00,000\/year<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Professional_Technical_Fees_%E2%80%94_Section_194J\"><\/span><span style=\"color: #000080;\"><strong>Professional \/ Technical Fees \u2014 Section 194J<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No TDS up to INR 50,000\/year <em>(Earlier: INR 30,000)<\/em><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"TechnicalManagerialConsultancy_Contracts_10_TDS_category\"><\/span><span style=\"color: #000080;\"><strong>Technical\/Managerial\/Consultancy Contracts (10% TDS category):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No TDS up to INR 20,00,000\/year <em>(Earlier: INR 1,50,000)<\/em><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Commission_Brokerage_Insurance_%E2%80%94_Sections_194H_194D_194G\"><\/span><span style=\"color: #000080;\"><strong>Commission \/ Brokerage \/ Insurance \u2014 Sections 194H, 194D, 194G<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No TDS up to INR 20,000\/year <em>(Earlier: INR 15,000)<\/em><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Enhanced_Compensation_%E2%80%94_Section_194LA\"><\/span><span style=\"color: #000080;\"><strong>Enhanced Compensation \u2014 Section 194LA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000080;\"><strong>No TDS up to INR 5,00,000 <\/strong><em>(Earlier: INR 2,00,000)<\/em><\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"New_TDS_Section_Introduced-_Section_194T_%E2%80%94_Partner_Payments\"><\/span><span style=\"color: #000080;\"><strong>New TDS Section Introduced-\u00a0<\/strong><strong>Section 194T \u2014 Partner Payments\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>(Details not shown on chart; applies to certain payments made to partners by firms)<\/p>\n<p>TDS on <strong>salary (Section 192)<\/strong> continues to be deducted <strong>as per tax slabs<\/strong>, not at a fixed rate.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Deducted_at_Source_rates_chart_proposed_in_Union_Budget_2024_have_been_approved_in_the_Finance_Bill\"><\/span><span style=\"color: #000080;\"><strong><a href=\"https:\/\/carajput.com\/archives\/new-tds-rate-chart-apply-from-1-oct-2024.pdf\">Tax Deducted at Source rates chart<\/a> proposed in Union Budget 2024 have been approved in the Finance Bill:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Budget 2024 introduced several tax reforms &amp; Income Tax amendments, which were ratified in the Finance Bill and became effective from Oct 1, 2024. Some of the key changes include revised TDS rates and adjustments to other tax rules, impacting a variety of sectors &amp; Payment categories. The above changes are significant for individuals, businesses, and e-commerce operators, impacting rent payments, commissions, bond earnings, share buybacks, and more. It&#8217;s important to stay updated and comply with these revised regulations. Below is a Summary of these changes in TDS rate Chart proposed in Budget 2024 w.e.f. Oct 1, 2024<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-27298\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024.jpg\" alt=\"Reduction in TDS rates w.e.f October 1, 2024\" width=\"1072\" height=\"458\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024.jpg 873w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-300x128.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-768x328.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/02\/Reduction-in-TDS-rates-w.e.f-October-1-2024-800x342.jpg 800w\" sizes=\"(max-width: 1072px) 100vw, 1072px\" \/><\/p>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Revised_Tax_Deducted_at_Source_Rates_Effective_from_October_1_2024\"><\/span><span style=\"color: #000080;\"><strong> Revised Tax Deducted at Source Rates (Effective from October 1, 2024)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Section 194DA: Tax Deducted at Source on payments related to life insurance policies has been reduced from 5% to 2%.<\/li>\n<li>Section 194H: Tax Deducted at Source on commissions paid has been reduced from 5% to 2%.<\/li>\n<li>Section 194-IB: Tax Deducted at Source on rent payments by individuals or HUFs (Hindu Undivided Families) has been reduced from 5% to 2%.<\/li>\n<li>Section 194M: Tax Deducted at Source on certain payments by individuals or HUFs has been reduced from 5% to 2%.<\/li>\n<li>Section 194G: Tax Deducted at Source on commission for the sale of lottery tickets has been reduced from 5% to 2%.<\/li>\n<li>Section 194-O: Tax Deducted at Source for e-commerce operators on payments made to e-commerce participants has been significantly reduced from 1% to 0.1%.<\/li>\n<li>Section 194F: Tax Deducted at Source on payments from the repurchase of units by Mutual Funds or Unit Trust of India has been omitted.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Floating_Rate_Bonds_Tax_Deducted_at_Source\"><\/span><span style=\"color: #000080;\"><strong> Floating Rate Bonds Tax Deducted at Source\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>From October 1, 2024, 10% Tax Deducted at Source will be applied to interest earned from specified central and state government bonds, including floating rate bonds.<\/li>\n<li>A threshold limit of Rs 10,000 applies, meaning no Tax Deducted at Source will be deducted if annual income from such bonds is less than Rs 10,000.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"3\">\n<li><span style=\"color: #000080;\"><strong> Buyback of Shares<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>As of October 1, 2024, income from share buybacks will be taxed at the shareholder level, similar to dividends. The shareholder\u2019s acquisition cost of the shares will now be considered when calculating capital gains or losses, likely resulting in a higher tax burden for investors.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><span style=\"color: #000080;\"><strong> Increased Securities Transaction Tax<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Futures transactions will now have an Securities Transaction Tax of 0.02%, and Options transactions will have an Securities Transaction Tax of 0.1%, effective from October 1, 2024.<\/li>\n<li>Income receipts from share buybacks will also be taxed in the hands of the beneficiaries.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"5\">\n<li><span style=\"color: #000080;\"><strong> Tax Deducted at Source on Sale of Immovable Property (Section 194-IA)<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Tax Deducted at Source of 1% will be deducted on transactions involving the sale of immovable property exceeding INR 50 lakh. This applies collectively in cases where there are multiple buyers or sellers, ensuring the threshold limit considers the total transaction amount.<\/li>\n<li>This rule is effective from October 1, 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"TDS_threshold_rationalization_wef_April_1_2025-_Budget_2025\"><\/span><span style=\"color: #000080;\"><strong>TDS threshold rationalization w.e.f. April 1, 2025- Budget 2025<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28566\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025.jpg\" alt=\"TDS threshold rationalization w.e.f. April 1, 2025\" width=\"1142\" height=\"1142\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025.jpg 1142w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/TDS-threshold-rationalization-w.e.f.-April-1-2025-Budget2025-800x800.jpg 800w\" sizes=\"(max-width: 1142px) 100vw, 1142px\" \/><br \/>\n<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2 data-start=\"0\" data-end=\"402\"><span class=\"ez-toc-section\" id=\"Taxpayers_may_permanently_lose_TDS_credits_6_Year_time_limit_for_Revising_TDS_return\"><\/span><span style=\"color: #000080;\">Taxpayers may permanently lose TDS credits. 6 Year time limit for Revising TDS return<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"0\" data-end=\"402\">The amendment in the Budget 2024 introducing a six-year time limit for revising TDS returns has significant implications. The cut-off date of March 31, 2025, for financial years 2007-08 to 2018-19, is crucial for taxpayers and deductors. If corrections are not made in time, taxpayers may permanently lose TDS credits, leading to additional tax liability and potential double taxation.\u00a0For affected taxpayers, it&#8217;s advisable to:<\/p>\n<ul data-start=\"447\" data-end=\"729\">\n<li data-start=\"447\" data-end=\"524\">Verify Form 26AS and AIS to check for missing or incorrect TDS credits.<\/li>\n<li data-start=\"525\" data-end=\"619\">Contact deductors to ensure any errors in TDS filings are corrected before the deadline.<\/li>\n<li data-start=\"620\" data-end=\"729\">Follow up on pending corrections with the deductor or file grievances with the TRACES portal if needed.<\/li>\n<\/ul>\n<p data-start=\"731\" data-end=\"990\" data-is-last-node=\"\" data-is-only-node=\"\">Since there was previously no time limit, some taxpayers might have relied on future corrections to claim TDS credits. The new restriction makes proactive action essential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TDS Rate Chart Summary\u2014FY 2025\u201326 (AY 2026\u201327) Effective from 1 April 2025, the\u00a0chart shows revised higher TDS thresholds, meaning no TDS will be deducted until the income crosses these new limits. Interest Income \u2014 Section 194A\u00a0 Senior Citizens (60+) : No TDS up to INR 1,00,000\/year (Earlier limit: \u20b950,000) Others : No TDS up to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[10187],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27602"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=27602"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27602\/revisions"}],"predecessor-version":[{"id":30984,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27602\/revisions\/30984"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=27602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=27602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=27602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}