TDS

Big Tax Relief for Seniors! How the New TDS Limits Help You Keep More Money

Big Tax Relief for Seniors! How the New TDS Limits Help You Keep More Money

Anthony Lane

The Union Budget 2025 brings major tax relief for senior citizens, doubling the TDS exemption on interest income to ₹1 lakh and raising the rental TDS limit to ₹6 lakh. Withdrawals from National Savings Scheme (NSS) after August 29, 2024, will now be tax-free. Learn how these changes help you save more money and how to maximize your tax benefits effectively.