Rationalising TDS / TCS 👉 Limit for tax deduction on interest for senior citizens to be doubled from ₹50,000 to ₹1 lakh 👉 Annual limit for TDS on rent to be increased from ₹2.40 lakh to ₹6 lakh 👉Threshold to collect tax at source on remittances under RBI’s Liberalized Remittance Scheme to be raised from ₹7 lakh to ₹10 lakh