New TDS Limit on Rent ❗❗| Budget 2025 New Updates | In Tamil |

Описание: The Union Budget 2025 has proposed a significant increase in the TDS limit for rent payments. Here's a breakdown of the key changes:

Current TDS Limit on Rent:
The current threshold for TDS deduction on rent is ₹2.4 lakh annually.

Proposed TDS Limit on Rent in Budget 2025:
The Budget 2025 proposes to increase the TDS limit for rent to ₹6 lakh annually.

Impact of the Change:
This change will benefit landlords, especially those in metropolitan areas, by reducing the amount of TDS deducted from their rental income.
It will also simplify tax compliance for landlords.
The increased threshold will improve cash flow for landlords, as they will have more money in hand throughout the year.

Other Notable TDS Limit Changes in Budget 2025:
Professional services: The TDS threshold has been increased to ₹50,000.

Overall, the Budget 2025 has introduced several changes to TDS limits with the aim of simplifying tax compliance, improving cash flow, and reducing the burden on taxpayers.



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