Budget 2024 Proposes TDS Rate Reductions to Simplify Compliance for Taxpayers

Last updated: 23 July 2024

There are various provisions of Tax Deduction at Source (TDS) with differentthresholds and multiple rates between 0.1%, 1%, 2%, 5%, 10%, 20%, 30% andabove. To improve ease of doing business and better compliance by taxpayers, theTDS rates are proposed to be reduced. However, no change would occur wi

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Category Union Budget   Report

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