Key Changes in TDS for FY 2024-25 | S K and Associates
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Key Changes in TDS for FY 2024-25

One of the most significant relief measures is the increase in the TDS exemption limit for senior citizens on interest income from fixed deposits, which has been raised from ₹50,000 to ₹1,00,000. Other notable changes include:

  • The annual TDS exemption limit on rent payments has increased from ₹2.40 lakh to ₹6 lakh.

  • A new TDS exemption threshold for interest on securities has been introduced at ₹10,000.

  • The TDS deduction limit for dividends paid to individual shareholders has been doubled from ₹5,000 to ₹10,000.

  • Commission and brokerage exemption limits have been raised from ₹15,000 to ₹20,000.

  • The threshold for professional or technical services has been increased from ₹30,000 to ₹50,000.

  • Overseas remittances under the Liberalized Remittance Scheme (LRS) and overseas tour packages now have a higher threshold for Tax Collected at Source (TCS), increasing from ₹7 lakh to ₹10 lakh.


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