Business

⚡TDS Rules on Bank Interest Unchanged Under New Income Tax Act 2025

By Team Latestly

CBDT has clarified that under the new Income Tax Act 2025, TDS on bank and post office interest will apply only if income exceeds INR 50,000 for general taxpayers and INR 1 lakh for senior citizens. Existing threshold exemptions remain unchanged, ensuring no extra tax burden on small depositors.

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