senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source ...

has emphasized the obligation to deduct tax at source (TDS) by employers and others making various payments, reiterating the legislative changes introduced in the past few years on penalty provisions.

The Income Tax department has launched an app allowing taxpayers to view important information on their smartphones easily. The app allows users to view the TDS, income tax refund, and more ...