2025 Stimulus For Seniors In Mumbai . Finally! 2800, 1850, 960 3 New Payments For Seniors In 2024 — Know Payment Dates & More The tax deduction limit on interest for senior citizens is set. The Finance Minister has announced that TDS rates will be streamlined in the Budget 2025, providing significant relief to taxpayers
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For senior citizens who invest in fixed deposits, interest income earned by them beyond Rs 50,000 attracts TDS at 10% rate, but now that threshold has been increased to Rs 1 lakh from FY 2025-26. The Finance Minister has announced that TDS rates will be streamlined in the Budget 2025, providing significant relief to taxpayers
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