New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impact

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, has introduced major revisions to the tax deducted ...
Business Today

TDS refund explained: Who can claim it, how to get it through ITR and check status

Tax Deducted at Source (TDS) is a mechanism through which tax is collected in advance. Under this system, the payer deducts a specified amount of tax before making payments such as salary, bank ...

Earning FD interest? Why you should submit Form 121 — TDS provisions explained

A bank deducts 10% TDS if the interest payable on a customer’s fixed deposit exceeds ₹50,000 ( ₹1 lakh for senior citizens) in a financial year. A customer must submit Form 121 to avail a TDS ...
Business Today

BT Explainer: Income-Tax Rules AY 2026-27 decoded - Key PAN limits, deductions, TDS rules, penalties you should note

The Income-Tax framework for Assessment Year (AY) 2026-27 includes several important rules covering exemption limits, PAN-linked transactions, tax deductions, TDS thresholds and penalties. For ...
Mint

ITR filing AY 2026-27: How to claim TDS refund while filing your income tax return

Tax Deducted at Source (TDS) is a way through which tax is collected in advance by deducting a certain amount from specified payments. The person making the payment deposits the deducted tax with the ...