Quality HR India Pvt. Ltd.- Job openings
Quality HR India Pvt. Ltd.- Job openings
February 3, 2025 at 02:43 AM
📝 *Key TDS Updates in Budget 2025 for Salaried Individuals* ✅ **Elimination of Higher TDS for Non-Filers**: The removal of Section 206AB ensures that individuals who missed filing their ITR in previous years will no longer face higher TDS rates. ✅**Enhanced TDS Exemption Limits**: - The exemption threshold for dividend income (Section 194) has been increased to ₹10,000. - Higher exemptions for interest income (Section 194A) from banks and fixed deposits. ✅ **Expanded Tax-Free Perquisites**: Revised limits for benefits such as rent-free accommodation, food coupons, and travel allowances, offering greater tax relief. ✅ **Simplified Payroll Process**: Streamlined TDS calculations under Section 192 ensure more accurate deductions, minimizing errors and compliance burdens. ✅**Key Benefits**: These changes aim to enhance savings, provide clarity on tax-free benefits, and simplify tax compliance. Employees are encouraged to review their salary slips, optimize tax-free perks, and file ITRs promptly to maximize these advantages.
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