TDS Limit: The Finance Minister has made several changes in the TDS limit, which will benefit insurance agents, people investing in the stock market, people running brokerage firms and people providing technical services.
In the General Budget 2025, the Modi government has made many changes on the TDS front, which is very important to understand closely. The government has increased the income limit earned from rented property from two and a half to six lakhs annually, but it is worth noting that a monthly limit of Rs 50 thousand has also been imposed in it. On the other hand, the Finance Minister has also made other changes in the TDS limit, which will benefit insurance agents, people investing in the stock market, those running brokerage firms and people providing technical services.
No TDS on rental income of Rs 6 lakh per annum
CA Vineet Rathi says that people are making some mistakes in understanding the system of deducting TDS on income earned from rent. People think that if they get six lakh rupees annually as income from rent, then TDS will not be deducted on it. In a way, this is correct, but if there is a payment of more than 50 thousand rupees in a month, then TDS will have to be deducted on it. In such a situation, people will say that if they get 50 thousand rupees per month, then only this amount will be six lakh rupees in a year.
This needs to be understood technically. Actually some properties are not taken for a year. Now if you rent out any of your properties for eight to ten months, the rent is fixed at Rs 6 lakh.
If the rent of Rs 6 lakh fixed for 10 months is divided into 10 installments, then the property owner will get a rent of Rs 60 thousand every month. In such a situation, TDS will be deducted if the monthly rent is above Rs 50 thousand. Therefore, it will be important to keep in mind the monthly limit while paying the rent.
Other decisions taken regarding TDS
- – TDS limit on interest on securities raised to Rs 10,000
- TDS exemption on dividend increased from Rs 5,000 to Rs 10,000
- – TDS limit on amount exceeding Rs 5,000 from mutual fund and company shareholding has been increased to Rs 10,000
- – TDS limit on commission for insurance agents increased from Rs 15,000 to Rs 20,000.
- – The limit of commission on brokerage was increased from Rs 15 thousand to Rs 20 thousand.
- – The limit on amount received from technical service was increased from Rs 30 thousand to Rs 50 thousand.
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